SomeraRoad, majority owner of Indianapolis’ historic Stutz property, recently released project renderings for the planned redevelopment of the property, which spans an entire city block on North Capitol Avenue. Design plans include a public Stutz car museum and event space, landscaped pedestrian alleyways, unique event spaces and new retail and dining offerings.
“The goal of this development is to create an activated ground plane that invites people to explore and enjoy this one-of-a-kind property. Our team has taken great care to learn the property’s history and develop a thoughtful design that celebrates its most unique architectural features,” said Ian Ross, founder and principal of SomeraRoad. “We believe this project can be a catalyst for development on the north side of downtown Indianapolis that can blossom into a live-work-play district full of opportunities for all residents. This iconic building stands at the heart of this neighborhood, and we are delighted to share these new plans for it.”
SomeraRoad anticipates investing $60 million to redevelop the Stutz property, creating new office space, locally curated dining and retail amenities, and 21,500 square feet of event space spread across three unique venues. SomeraRoad is actively working with both local and state officials to enable this transformative project.
The property will also feature co-working space, fitness amenities and arts space. SomeraRoad hopes to deliver its first phase of office space in the Spring of 2022. Offerings will include turnkey suites for small- and mid-sized businesses, starting at 2,000 square feet. Because of its unique configuration, the property can accommodate small and large tenants alike.
Constructed in 1912 to produce Stutz racing vehicles, the Stutz property has established itself as a destination for arts and culture. In keeping with this tradition, SomeraRoad is currently partnering with GANGGANG, a local cultural development firm, to host BUTTER, a multi-day fine art fair that will showcase the works of 30+ Black visual artists from across the country. Scheduled for Sept. 3-5, BUTTER will be held in a formerly underutilized storage building within the Stutz complex. In addition, a mural dedication ceremony will be held at the northside of the Stutz property Sept. 1 at 11:30 a.m.
“Our partnership with SomeraRoad has been a critical and invaluable part of bringing BUTTER to life,” said Mali Jeffers, co-founder of GANGGANG. “By bringing together collectors, creatives, and the community, we’re putting a spotlight on the City’s culture through art.”
In addition, SomeraRoad is working closely with the Stutz Artists Association and Big Car Collaborative to support First Friday events, the annual Stutz Artists’ Open House, and other events and programs at the property.