• Innovation 1 at 16 Tech
Tenants / Clients
Indiana Biosciences Research Institute (IBRI), Central Indiana Corporation Partnership (CICP), IU School of Medicine’s Indiana Center for Regenerative Medicine
Contact
Adam Chavers
317-344-7333
Innovation 1 at 16 Tech
Indianapolis, IN
120,000 sq. ft.

Innovation Building 1 was developed by Browning as the first  building of the 16 Tech  Innovation District, the culmination of a vision shared by three administrations and countless stakeholders with the planning, infrastructure and capital that will shape the future of 16 Tech and Indianapolis.

In addition to developing and managing the building, Browning created a joint venture with Davis & Associates to perform the construction.  Throughout the planning and construction process community inclusion and participation of diverse organizations were central in the development of Innovation 1. The building boasts meeting space, local art installation and café that are important tenant amenities while accessible to residents, neighborhood organizations and local non-profits.

The 120,000-square-foot multi-story Class A office/lab building houses the Indiana Biosciences Research Institute (IBRI), Central Indiana Corporate Partnership (CICP), Indiana University School of Medicine, and Taste Cafe.

CHALLENGES
Working alongside several public/private constituents with complex financing methods on an abandoned industrial site, during a global pandemic.

ACCOMPLISHMENTS
Nearly doubled City of Indianapolis XBE goals, opened on schedule despite major interruptions brought on by the COVID-19 pandemic, 2020 Monumental Merit Award winner.

ROLE
Developer, Construction Manager-at-Risk, Property Manager

FINANCING
Blend of traditional construction financing, TIF, and Opportunity Zone funding.

PARTNERS
16 Tech Community Corp., City of Indianapolis, IBRI

ARCHITECT
BSA Lifestructures

CONSTRUCTION MILESTONES:
Groundbreaking Ceremony
Topping Out Ceremony
Ribbon Cutting Ceremony
Real Estate Development Monumental Award

OTHER BROWNING PROJECTS AT 16 TECH:
Innovation Building 2
The Innovation Hub
Residential 1
16 Tech Innovation District Development

DISTRICT INFORMATION:
16 Tech Website

Tenants / Clients
Indiana Biosciences Research Institute (IBRI), Central Indiana Corporation Partnership (CICP), IU School of Medicine’s Indiana Center for Regenerative Medicine
Contact
Adam Chavers
317-344-7333