Columbus based Cummins is locating its distribution headquarters and 250 jobs to downtown Indianapolis.
The facility will go just south of a new 28 story mixed-use complex that is also being built on the former Market Square Arena site.
Indianapolis Deputy Mayor Deron Kintner says it won’t be as big as its neighbor, but will offer something unique to downtown.
“This isn’t just, ‘hey we want to locate some jobs in your city, we want to build a campus,’” Kintner said. “Those opportunities do not come along every day.”
The exact size of the building is not yet known, but will include offices, retail, a parking garage, and green space.
John Mills of Cummins says the location is ideal because it’s near the airport and up against the city’s Cultural Trail.
“A lot of us do commute down to Columbus, so the further down you are to Columbus, there’s easy access to the interstate, easy access to the airport,” Mills said. “It’s easy for customers, it’s easy for employees to get back and forth and obviously the base is just really attractive as well.”
The project is roughly $30 million and Cummins will receive tax abatement.
The company is purchasing the property for more than four million. The city is committing more than $3 million for infrastructure improvements.
Construction is slated to begin later this year and have the building open in 2016.