360 Market Square facts for kids
Quick facts for kids 360 Market Square |
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360 Market Square during construction in 2017.
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| General information | |
| Status | Complete |
| Type | Residential apartments |
| Location | 360 East Market Street Indianapolis, Indiana 46204 United States |
| Coordinates | 39°46′6.9″N 86°9′4.4″W / 39.768583°N 86.151222°W |
| Groundbreaking | February 16, 2015 |
| Construction started | June 2015 |
| Opened | March 2018 |
| Height | 290.5 ft (89 m) |
| Technical details | |
| Floor count | 28 |
| Floor area | 648,561 sq ft (60,253.3 m2) |
| Design and construction | |
| Architecture firm | RTKL Associates |
| Developer | Flaherty & Collins Properties |
| Main contractor | Lendlease Group |
| Other information | |
| Number of units | 292 |
360 Market Square is a tall building in downtown Indianapolis, Indiana. It used to be called Market Square Tower. This building is a "residential skyscraper," which means it's a very tall building where people live in apartments. It stands where the old Market Square Arena used to be.
The building has 28 floors and is about 290.5 feet (88.5 meters) tall. It has a huge amount of space inside, about 648,561 square feet (60,253 square meters). 360 Market Square is the third tallest residential building in Indianapolis. It also ranks as the 15th tallest building in the whole city.
What's Inside 360 Market Square?
This building is more than just apartments. It has a few cool things on the ground floor:
- A Starbucks coffee shop that is about 2,000 square feet (186 square meters).
- A large Whole Foods grocery store, which is about 40,000 square feet (3,716 square meters).
- A big parking garage with 525 spaces for cars.
The whole project cost around $121 million to build.
How the City Helped
The city of Indianapolis played a big part in making 360 Market Square happen.
- The city gave the land for the building, which was worth $5.6 million.
- They also spent $17 million to improve the area around the building. This money came from something called tax-increment financing. This is a way for cities to use future tax money from new developments to pay for improvements now.
- City leaders were very involved in how the building looked. They wanted it to have a curved shape and to include a grocery store.
Challenges During Construction
Building 360 Market Square wasn't always easy. There were a few problems that made the project take longer:
- The ground had some dirty soil that needed to be cleaned up.
- There were some issues with the building's structure.
- The companies working on the building had disagreements about payments.
These problems caused the building's opening to be delayed by over a year. Also, the building was originally planned to be taller. Its height was shortened after the first designs were made. At first, 360 Market Square was going to be the ninth tallest building in Indianapolis. It was also planned to be the tallest residential building in all of Indiana.
