360 Market Square, previously known as Market Square Tower,
is a residential skyscraper in downtown
Indianapolis
Indianapolis (), colloquially known as Indy, is the state capital and most populous city of the U.S. state of Indiana and the seat of Marion County. According to the U.S. Census Bureau, the consolidated population of Indianapolis and Marion ...
,
Indiana. 360 Market Square stands on the northern portion of the block formerly home to
Market Square Arena.
The 28-story building is tall and features 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 ground-level
Starbucks
Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. It is the world's largest coffeehouse chain.
As of November 2021, the company had 33,833 stores in 80 c ...
, a
Whole Foods, and 525-space parking garage. The project cost totaled .
The City of Indianapolis contributed $5.6 million in land for the project and expended $17 million in
tax-increment financing Tax increment financing (TIF) is a public financing method that is used as a subsidy for redevelopment, infrastructure, and other community-improvement projects in many countries, including the United States. The original intent of a TIF program is ...
money for infrastructure. City officials were highly engaged in the building's design, requiring a curvilinear building that would include a grocery store.
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.
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.
See also
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Market East
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List of tallest buildings in Indianapolis
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List of tallest buildings in Indiana
This list of tallest buildings in Indiana ranks skyscrapers in the state of Indiana, United States of America by height. The tallest building in Indiana is Salesforce Tower in Indianapolis, which contains 49 floors and is tall. The second-tallest ...
References
External links
*
Flaherty & Collins Properties
{{Indianapolis skyscrapers
Residential skyscrapers in Indianapolis
Residential buildings completed in 2018
2018 establishments in Indiana