Who said Indianapolis is not serious about building more hotel rooms?-Randu
152-room hotel pitched for south side of downtown-IBJ
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04.26 / 14:45 ibj.com
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The owner of Tow Yard Brewing hopes to build the eight-story hotel, which would feature 6,000 square feet of retail and four levels of parking, next to the downtown…
Yet another downtown hotel project is in the works, joining a growing list of lodging developments slated to add at least 1,000 rooms to the central business district.Shawn Cannon, owner of Tow Yard Brewing at 501 S. Madison Ave., has filed plans with the city to build an eight-story, 152-room hotel with 6,000 square feet of retail on the surface lot north of the craft brewery.The proposal includes 366 parking spaces on the first four floors of the building, with hotel rooms occupying levels five through eight. The street-level retail space would be at the northwest corner of the development, at Madison and South Street, and would extend east along South Street.The parking lot on which the hotel would be built runs diagonally along Madison Avenue and follows South Street east to the Subway restaurant, and bounds South Scioto Street and an Arby’s parking lot. The south end of the parking lot runs along East Henry Street adjacent to the brewery.Cannon's hotel would be built in an L shape starting at South and Madison streets. (Images courtesy city of Indianapolis)