A $300 million, 12-acre urban mixed-use development, Bottleworks will remake the city's iconic Coca-Cola building.
INDIANAPOLIS—High Alpha, a leading venture studio and early-stage venture fund, today announced plans to move its corporate headquarters to the Bottleworks District, a $300 million, 12-acre urban mixed-use development on the northeast end of Massachusetts Ave. Earlier this year, High Alpha signed a lease with Hendricks Commercial Properties to move their headquarters.
Jenna Barnett, executive managing director at Newmark Knight Frank, represented High Alpha in the transaction. Matt Langfeldt and Rich Forslund of Colliers International represented Hendricks. When High Alpha makes the move in summer of 2020, they will join the west elm Hotel, which recently broke ground, local food makers and vendors at The Garage food hall, restaurateurs, and retailers in this transformation of the Mass Ave. District.
The firm's companies include Sigstr, Zylo, Lessonly, Doxly and Pattern89. High Alpha recently raised over $100 million in new funding to launch High Alpha Capital II and High Alpha Studio II.
“The Bottleworks project closely aligns with our core values of dreaming big and expecting more,” says Kristian Andersen, partner at High Alpha. “We are thrilled to be affiliated with such a progressive and dynamic mixed-use development. We believe it will be the perfect location for us to continue serving entrepreneurs and contributing to the growth of the Indianapolis tech community.”
“In the last ten years, Indianapolis has quietly become a force in the technology sector, in the US and beyond,” says Rob Gerbitz, president and chief executive officer of Hendricks “The city is now a true hub for innovative ideas and growth.”
A $300 million, 12-acre urban mixed-use development, Bottleworks will transform the city's iconic Coca-Cola building. The largest private development of its kind in IN, Bottleworks will serve as a culinary, arts, and entertainment hub, as well as residences and 175,000 square-feet of prime retail space. Designed in conjunction with RATIO and Eppstein Uhen Architects, the developers will complete the first phase by Spring of 2020, with three additional phases to follow.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
