New Hotels & Meeting Space

Signia by Hilton & Convention Center Expansion

$710 MILLION | ANTICIPATED OPENING: SUMMER 2026

Construction has begun on the 143,500-square-foot center expansion, including a 50,000-sq.-ft. ballroom, that will connect to a new 800-room Signia by Hilton, creating an unrivaled convention package.. The new property will stand 40 stories tall and will include a top-level bar with skyline views. This project is anticipated to open summer 2026.

Indy already touts the most hotels and hotel rooms connected by enclosed skywalks into a center in the U.S., and this expansion will boost those numbers to 13 properties and 5,500+ hotel rooms all under one roof.

To learn more about Indy's connected hotel package, click here.

The InterContinental Hotel

170 ROOMS | ANTICIPATED OPENING: FALL 2024

The historic Illinois Building is transforming into the Intercontinental Hotel. A leading luxury global brand, the InterContinental Hotel will incorporate design elements unlike anything currently seen in the Indianapolis market. The first floor includes retail with the recently renovated Hyde Park Steakhouse and Giordano's restaurant. The remaining upper floors will house 170 luxury rooms, bars, and two additional restaurants in the planned redevelopment. Additionally, a rooftop bar will be one of the first of its kind in the city, with a never before seen view of Monument Circle.

21c Museum Hotel at Old City Hall

150 ROOMS | ANTICIPATED OPENING: TBD

Old City Hall is a Classic Revival Structure that was once the seat of city government in Indianapolis. Clad in Indiana limestone, the building has been in rumored development plans for decades. Finally, a mixed-use plan will breathe new life by combining this historic gem with a gleaming 32-story tower that will combine apartments and condos with a six-floor, 150-room 21c Museum Hotel. It is anticipated the Old City Hall will house a gallery space as a component of this development.

New Spaces

Bicentennial Unity Plaza

$30 MILLION | NOW OPEN

Located just north of Gainbridge Fieldhouse, Bicentennial Unity Plaza will be home to a community basketball court that will be converted to a seasonal ice rink, community-based public programming, and new public art thanks to a $28.47 million grant from Lilly Endowment Inc.

A large portion of the plaza will be under a permanent canopy system, which extends its use throughout the year. At least 80 percent of programming on the plaza is reserved for community activities and public performances, and a specially designed 30-ft. by 110-ft. sculpture, titled “Together,” will harken feelings of community. 

Indianapolis Motor Speedway Museum

$89 MILLION | OPENING APRIL 2025

“The Stories Behind the Spectacle,” will overhaul the museum for the first time in nearly 40 years. The renovation will add a new, 6,000-square-foot mezzanine level that will house interactive, educational exhibits and experiences for guests and completely transform the building's infrastructure. When the museum reopens in 2025, event organizers will be able to make use of the fully revamped space to hold race-themed meetings and receptions in the home of the Indy 500.

To learn more about Indy event venues, click here.

Trails & Transportation

Indianapolis Cultural Trail Expansion

$80 MILLION | ANTICIPATED OPENING: SUMMER 2024

Indianapolis is known for a clearly connected downtown sphere, navigable through marked trails for both walkers and bikers. The Indianapolis Cultural Trail: A Legacy of Gene & Marilyn Glick, the 8-mile biking and pedestrian trail that connects downtown Indy with nearby cultural districts, will undergo its first major expansion in its 10-year history. Two new stretches to the internationally recognized path are in progress along South Street and Indiana Avenue.

The South Street expansion will bring the Indianapolis Cultural Trail from New Jersey Street to Capitol Avenue, improving access in a thriving stretch of downtown that includes Lucas Oil Stadium and the Indiana Convention Center. Indiana Avenue, home to the Madam C.J. Walker Legacy Center and historic, popular jazz scene that lasted until the 1970s, will be more accessible from the downtown core. With increased connectivity to these downtown landmarks by 2024, attendees will be able to explore more nearby neighborhoods here in the Circle City.

Purple Line Bus Rapid Transit

$188 MILLION | ANTICIPATED OPENING: 2024

Indy's public transportation infrastructure is getting a boost with the development of the 15-mile Purple Line connecting downtown to Lawrence and the east side of the city. The Purple Line adds another spoke to an IndyGo system that premiered with the Red Line running north/south and connecting from Broad Ripple in the north to the University of Indianapolis campus in the south. The long-term plan aspires to create an efficient and equitable system for moving people to jobs and opportunities in and around Indianapolis.

New Downtown Developments

Eleven Park

$1.5 BILLION | ANTICIPATED OPENING: 2025 

Over 20 acres of land in downtown Indianapolis will be transformed into a vibrant village featuring all things Indy Eleven soccer. The development will completely transform the space southwest of the convention center to include a 20,000-seat stadium, retail and office space, apartments, and a boutique hotel. With the White River serving as the backdrop for the new development, the city's main waterway and skyline will share this metropolitan footprint. 

City Market East Project

$175 MILLION | ANTICIPATED OPENING: 2025

A revitalization project to bring the downtown market block back into Indy's residential and commercial spotlight, this $175M-plus development will reimagine the City Market and the surrounding business district's landmarks. The historic City Market, a feature in downtown Indianapolis since 1886, will be redeveloped to be more pedestrian-friendly and accessible to visitors touring the district, with $12M in improvement to the Market's parking garage and a $4M conversion of alleyways into walking trails. A new 10,500-sq.-ft. glass enclosure of the City Market building will offer more event and entrepreneurial space.