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Redevelopment Commission to sell property in Trades District

By Ethan Sandweiss

Posted July 6, 2023

trades district sign

The property up for sale is currently the site of grass and empty gravel parking lots. (Ethan Sandweiss / WFIU-WTIU)

The Bloomington Redevelopment Commission will review purchase proposals later this month for properties in the Trades District.

Four tracts are for sale within the five-acre property between Madison Street and Rogers Street and 11th and 10th, ranging in minimum cost from $560 thousand to more than $2.5 million.

Read more: What's next for Bloomington's Trades District post COVID

The RDC will consider the price, development timeline and trades district master plan when settling on buyers.

Senior Vice President for Innovation and Strategic Partnerships at The Mill John Fernandez said he wants developers to create work and recreation opportunities for young, educated professionals.

The four tracts within the Trades District are being sold seperately by the city. (Courtesy of the City of Bloomington)

“It's really got to be a multi-dimensional neighborhood where people want to be, especially for the demographic we're targeting,” he said.

The Trades District was conceived in 2013 during then-mayor Mark Kruzan’s administration as a future tech hub to attract private investment in Bloomington. The city says it will prioritize bids to construct high tech business offices.

Read more: Use of former CRED funds for downtown Tech Center approved by city council

The notice of offering also opened the door for professional housing development but emphasized that undergraduate student housing is off the table.

Prospective buyers have to file offers with The Mill by 3 p.m. on July 17.

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