First 16 Tech building set to open

INDIANAPOLIS (Inside INdiana Business) — 16 Tech Community Corp. in Indianapolis will Tuesday cut the ribbon on the first building in the $500 million innovation district. Known as Innovation Building 1, the 120,000-square-foot facility will house, among other tenants, the Indiana Biosciences Research Institute with three floors of laboratory space.

The building will also be home to the Indiana University School of Medicine’s Center for Regenerative Medicine and Engineering, as well as the new headquarters of the Central Indiana Corporate Partnership.

When the company held the “topping out” ceremony for the building a year ago, 16 Tech Chief Executive Officer Bob Coy told Inside INdiana Business the project has generated interest from companies in the life sciences, tech, engineering, and financial services sectors, as well as some universities.

Innovation Building 1 is the first of several projects planned for the district. Plans include a 140,000-square-foot Innovation Building 2, as well as a residential building that will feature more than 250 units.

Inside INdiana Business will be on location for Tuesday’s ribbon cutting ceremony. We’ll have interviews with 16 Tech leadership and new tenants on this weekend’s edition of Inside INdiana Business with Gerry Dick.