5A: Support Neighborhood Residential and Commercial Development
Support planning for and investments in neighborhoods, beyond cultural districts, in order to allow them to remain distinctive and competitive. This may include diverse housing types, smaller neighborhood-serving commercial centers, walkable infrastructure and high quality public spaces, parks, and streetscapes. Such work should involve resident engagement that is representative of the whole neighborhood.
Value to the CommunityStrong and vibrant neighborhoods define quality of life for residents. Investments that help them remain distinctive allow Indy to have neighborhoods for every preference from downtown high-rise to rural estate. Mixes of housing types and uses permit a neighborhood to accommodate people through life stages, improve connections and social capital among neighbors, and reduce the need to travel far to meet daily needs.
Value to the Hospitality IndustryOutside of the traditional cultural districts most often visited by visitors, efforts to promote neighborhood stabilization and redevelopment will sustain population densities that help support local businesses while increasing the breadth of unique experiences. While predominantly local-serving, these neighborhoods contribute to resident pride and the identity of our city, and in many ways serve as incubators for local flavor.
- September 2023. New Grocery Store for East Side. Indy Fresh Market opened in Indy’s east side, providing some relief for one of the biggest food deserts in the city. It is a Black-owned store that has been in the works for over three years and saw 1,000 customers on its soft opening with much support from the community, happy to no longer travel far for fresh food.
- January 2023. Vacant to Vibrant Housing Initiative. Indianapolis started a $4.5m housing initiative to further the development of affordable housing in two city neighborhoods, including the Riverside neighborhood along the White River, due to growth pressures.
- September 2022. New Projects for Old Southside. Old Southside was named a Lift Neighborhood in 2018, giving various grant opportunities for housing, business, and placemaking. The Department of Metropolitan Development and the Department of Public Works have partnered to implement safer corridors with a multi-use path, ADA sidewalks, improved drainage, and improved bike amenities.
- November 2021. Monon 30 Development. A new mixed-use development is planned for a neglected industrial area along the Monon Trail at 30th Street. The multi-phase plans include nearly 1,000 new residential units, 30,000 sf of event space, 50,000 sf of commercial and retail space, and recreation areas.
- Partnerships Under Development