360 Market Square Explained

360 Market Square
Status:complete
Building Type:Residential apartments
Location:360 East Market Street
Indianapolis, Indiana 46204
United States
Coordinates:39.7686°N -86.1512°W
Start Date:[1]
Height:290.50NaN0
Floor Count:27
Floor Area:648561square feet[2]
Architecture Firm:RTKL Associates
Developer:Flaherty & Collins Properties
Main Contractor:Lendlease Group
Unit Count:292

360 Market Square, previously known as Market Square Tower,[3] [4] is a residential skyscraper in downtown Indianapolis, Indiana. 360 Market Square stands on the northern portion of the block formerly home to Market Square Arena.[1] The 27-story building is 290.5feet tall and features 648561square feet of floor space. It is the third tallest residential building in Indianapolis (after Riley Towers I and II) and is the 15th tallest building in the city overall. 360 Market Square includes a 2000square feet ground-level Tinker Coffee, a 40000square feet Whole Foods, and 525-space parking garage.[5] The project cost totaled .[1]

The City of Indianapolis contributed $5.6 million in land for the project and expended $17 million in tax-increment financing money for infrastructure. City officials were highly engaged in the building's design, requiring a curvilinear building that would include a grocery store.[6]

The project experienced a series of setbacks during construction. Contaminated soil, structural problems, and contractor payment disputes delayed the tower's opening by over a year.[1] The project's height was also shortened following the design phase. Initially, 360 Market Square was set to be the ninth tallest building in Indianapolis and the tallest residential building in Indiana.[4]

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Notes and References

  1. Web site: 360 Market Square, Indianapolis. https://web.archive.org/web/20161226145949/https://www.emporis.com/buildings/1211557/360-market-square-indianapolis-in-usa. dead. December 26, 2016. May 27, 2018. Emporis.com.
  2. Web site: 360 Market Square . May 27, 2018. Flaherty & Collins Properties.
  3. News: Newman. Jeff. Tower would be first big addition to east side of Indianapolis in deacades. May 27, 2018 . Indianapolis Business Journal . en.
  4. News: Olson. Scott. Design changes shorten downtown tower project. May 27, 2018 . Indianapolis Business Journal . en.
  5. News: Briggs. James. Whole Foods-anchored 360 Market Square 'moving fast'. May 27, 2018 . The Indianapolis Star . en.
  6. News: Stall. Sam. After overcoming abundance of obstacles, 360 Market Square nears completion. May 27, 2018 . Indianapolis Business Journal . en.