“What people like about me is Indianapolis.” -Kurt Vonnegut
Indianapolis-based Summit Construction has chosen Patrium as one of the contractors for the Pembroke Place Multifamily development in downtown Indianapolis. We are excited to be a part of the continued revitalization of the beautiful “Circle City.”
Historic Conversion
Pembroke Place is a redevelopment of a historic, 12-story office property that was originally built in 1922 and once served as the headquarters for the company Angi (formerly Angie’s List).
Holladay Properties, a national commercial real estate development and management firm based in South Bend, Indiana, plans to convert the building’s upper floors from commercial office space into a residential community. The development will create approximately 180 new apartment units downtown, adding much-needed housing to the area.
The project is a renovation that includes a complete exterior facelift and interior redesign. The plan is to enhance the building’s street presence, restore historic windows, and create an interior with a progressive, modern feel, featuring exposed ceilings and polished concrete floors.
Prime location
The building is in the heart of the “Circle City,” in a highly walkable downtown location on the Cultural Trail. It borders several arts and cultural venues, including the Soldiers & Sailors Monument, Indiana Repertory Theatre, several museums, convention centers, and stadiums.
The redevelopment of this building is a prime example of the city’s broader strategy to adapt and revitalize its urban core in the post-COVID era. It directly addresses two major challenges facing downtowns across the country: the oversupply of vacant office space and the pressing need for more residential housing.
This aligns with the city’s larger Downtown Resiliency Strategy launched by Mayor Joe Hogsett. This strategy focuses on four key pillars: housing, public spaces, infrastructure, and economic development. By transforming an office building into a residential space with first-floor retail and second-floor entertainment, the project aims to create a more vibrant, round-the-clock downtown environment. It helps turn a primarily 9-to-5 business district into a true neighborhood where people live, shop, and socialize.
