Greenstreet Ltd. — Development, Brokerage, Consulting

ReEnergize East Washington Street

Project Details

Washington Street is the primary east-west street in Indianapolis. The street follows the route of the Historic National Road, which provided an important connection between the Potomac and Ohio Rivers and a gateway to the West for thousands of settlers. Once a thriving industrial corridor, the neighborhoods that grew up as workforce housing supporting East Washington Street declined as the jobs left. The resulting decrease in populations, homeownership, and property values, led to increasing social ills, including poverty and crime.

Building on a long-term vision, ReEnergize East Washington Street is a five-year implementation plan to focus resources on several catalyst projects. The goal is to fuse economic development with neighborhood revitalization in a manner that brings residents and jobs back, improves property values and tax base, improves environmental quality, and promotes the transformation of a struggling, degraded corridor into a vibrant, mixed-use urban address.

Partnering with Anderson + Bohlander and Blackline Studio, Greenstreet developed a plan to reposition this industrial corridor with specific strategies at five key nodes. Greenstreet analyzed the office and industrial market, as well as infrastructure capacity and redevelopment potential of key nodes. Meetings with employers and stakeholders uncovered key opportunities and strengths, as well as constraints, behind the data. This informed a market-driven, place-based redevelopment strategy for each node that will allow the East Washington Street Partnership, comprised of three community development corporations, to pursue philanthropic, public and private funding to implement the long-term vision.