Seeking Reuse Proposals

Dept of Metropolitan Development, Indianapolis
Request for Proposals Due Date: August 28, 2026, at 12:00 PM

The Department of Metropolitan Development | City of Indianapolis invites proposals that provide a mix of housing and commercial/retail activity for the underutilized surface parking lot, proposals that would preserve and repurpose the Old City Hall building, and proposals that would seek to redevelop both properties. Responses should contemplate street-level activation and development that harmonize with and build on adjacent development and districts. Proposals should be sensitive to the historic preservation plan for both properties.

Subject opportunity sites are in Indianapolis’ Market East neighborhood, a walkable, low-maintenance living environment in the heart of downtown. Anchored by Monument Circle, the neighborhood is best known for its renter-friendly landscape, attracting young professionals and retirees. Cafés, bars, restaurants, and boutiques otherwise line the downtown streets. Market East is also home to City Market, a hub of commerce for more than 100 years, which, coincidentally, is temporarily closed for a massive redevelopment. The City Market and West Plaza redevelopment projects call for apartments, a revamped Market House, and updated public spaces (slated for 2028), underscoring the city’s need to align with population growth and consumer demand.

The subject presents a prominent opportunity to take part in the historic city’s transformation. More than $7 billion is currently being invested in projects to reshape the downtown urban core, supported and incentivized by tax credits and city grants.

Read the Request for Proposals Document.

For more information, please visit: https://www.indy.gov/workflow/find-bid-opportunities/bidders_for_project.

RFP-13DMD-102

Questions Due: August 7, 2026, at 5 PM EST

Walkthroughs:
July 13, 2026 @ 3:00 – 4:30 PM EST
August 3, 2026 @ 10:30 – 12:00 PM EST