16 Tech encompasses several acres of prime real estate along Indiana Avenue between 10th Street and 16th Street. Although adjacent to the Indiana University-Purdue University Indianapolis (IUPUI) campus, 16 Tech is surrounded on three sides by water and trails along the White River and Fall Creek. It is ideally located next to one of the largest concentrations of research clusters in Indianapolis’ urban core, surrounded by 67 percent of the city’s growth industries and flanked by residential neighborhoods steeped in a rich history and community pride.
Developed with generous input and support from community leaders, the 16 Tech master plan ensures the ideal environment for talent to collaborate, share resources and knowledge and unleash creativity and innovation.
It will be home to a combination of:
- Flexible research space for advanced industries such as technology, advanced manufacturing, and life sciences
- Creative industries and the arts
- Ample public space
- A mix of housing opportunities
- Retail and office space for entrepreneurs and established companies
It also will infuse new life into the surrounding neighborhoods through ongoing programming and partnerships with neighborhood organizations to support projects outlined in Quality of Life plans and to provide job training and career opportunities with 16 Tech companies, startups and incubators.
Development at 16 Tech will be catalyzed by an anchor tenant – The Indiana Biosciences Research Institute (IBRI), a $360 million industry-led, first-of-its kind institute in the nation. This unique and collaborative organization has identified 16 Tech as its permanent home with plans for 100,000 square feet of research and office space. As an Institute, IBRI will be entrepreneurial, developing science funded in large part by private sector investors as a means to advance health outcomes as quickly as possible.