More than half of the firms working on core and shell construction for the Browning Davis team are Marion County companies and XBEs
Indianapolis’ trailblazing urban innovation district marked a key milestone, reaching maximum height on July 11th as the construction management team of Browning Davis (a joint venture between Browning and Davis & Associates) placed the two final steel beam atop Innovation 1, “topping out” the first new structure at 16 Tech.
The 10 a.m. ceremony celebrated not only the construction milestone reached, but also the hundreds of local stakeholders who helped to imagine the 16 Tech Innovation District as a community where innovators, entrepreneurs and companies connect and collaborate, laying the foundation for groundbreaking discoveries.
Leading up to the topping out ceremony the Browning Davis team took the 10′ steel beams on a signing campaign that launched on May 31 at the 16 Tech quarterly community meeting and continued until the topping out ceremony collected hundreds of signatures from residents, those working on the project, along with the scientists and leaders in the life sciences, tech and advanced manufacturing industries who will work in the innovation district.
More than 27 Marion County companies are working on phase one of construction. Of those, 14 are certified by the City of Indianapolis as Minority Business Enterprises, Women Business Enterprises, Veterans Business Enterprises and/or Disabled-Owner Business Enterprise – types of businesses known collectively as “XBEs”. Browning Davis exceeded the City’s goal for minority participation in phase one of the project with 50% participation by XBEs. The goal was 27%.
Innovation 1 is a 120,000-square-foot, $30 million structure. It is fully leased, and tenants will be the Indiana Biosciences Research Institute (IBRI), the Central Indiana Corporate Partnership (CICP) and its talent and industry initiatives, and researchers with the Indiana University School of Medicine’s newly established Indiana Center for Regenerative Medicine, a molecular therapeutics program and technology incubator.
About Browning Davis
Browning Davis is a construction joint venture between Browning and Davis & Associates to construct Innovation 1 at 16 Tech. Founded in 1977, Browning is an Indianapolis-based commercial real estate development, construction and management company with a reputation for executing large transactions and complex projects across diverse product types. For more at www.browninginv.com. Doing business since in 1992, Davis & Associates, Inc. is a minority-owned and operated construction management and general contracting company specializing in commercial, industrial, and institutional projects with offices located in Indianapolis, IN and Atlanta, GA. For more information, visit www.davisassocindy.com.
About 16 Tech
16 Tech is one of the largest talent attraction, retention and development opportunities in Indianapolis’s history. Located on the near west side of Indianapolis, 16 Tech will bring talent together to collaborate and drive cross-sector innovation in advanced industries. The nonprofit 16 Tech Community Corporation oversees the development of the district and ensures benefits of economic growth, new investment and job creation in the 16 Tech District extend to nearby neighborhoods as well as the city, the region and the state. More information can be found at www.16tech.com.