INDIANAPOLIS — The city of Indianapolis has received five different bids to redevelop the Drake Apartments.
The building, which was purchased by the city in July, is located at 3060 N. Meridian St., which is near the Children's Museum of Indianapolis.
The building itself has been vacant since 2016. The City of Indianapolis Department of Metropolitan Development (DMD) plans to focus on affordable housing when redeveloping the property.
The Children’s Museum, along with other community stakeholders, will participate in the city’s development process and sit on the review committee during the search for a development partner.
The Drake opened nearly 100 years ago as a luxury, 26-unit apartment building. It was designated an Indianapolis Historic Landmark by the Indianapolis Historic Preservation Commission in 2019, which placed it on the Marion County Register of Historic Properties.
The DMD says bids were due by Oct. 25.
