Ironworks Hotel Indianapolis to Break Ground on June 29

Hendricks Commercial Properties announces groundbreaking event
for the first boutique hotel on Indianapolis’ north side

INDIANAPOLIS–(BUSINESS WIRE)–Hendricks Commercial Properties, the developer behind Ironworks at
Keystone, is proud to announce the groundbreaking ceremony for the
five-story Ironworks Hotel Indianapolis, which will be held Wednesday,
June 29 at 10:30 a.m. The hotel will be located adjacent to the
Ironworks at Keystone mixed-use apartment and retail complex, at East 86th
Street and Keystone Avenue and will be the first boutique hotel of
Indianapolis’ north side.

The new 100,000-square-foot hotel, scheduled to open Summer 2017, will
feature 120 guest rooms, small meeting/conference spaces, a fitness
center and a rooftop lounge. It will also offer 15,000-square-feet of
street-level retail space and a second-floor upscale restaurant.

“We look forward to building on the momentum from the Ironworks at
Keystone project by bringing a cool, eclectic offering for people to
visit Indianapolis like a local,” said Rob Gerbitz, CEO and President of
Hendricks Commercial Properties. “This hotel project, just like the
original Ironworks Hotel in Beloit, will be inspired by America’s
industrial heritage. We look forward to not only inspiring travelers to
visit Indy for decades to come, but also to provide an unrivaled
first-class experience they are bound to never forget.”

The groundbreaking ceremony will feature remarks by Indianapolis Deputy
Mayor of Economic Development Angela Smith Jones and Visit Indy Senior
Vice President of Sales Daren Kingi, and will be held at the future
location of the Ironworks Hotel, directly west of the Ironworks
apartment complex.

Hendricks entered the Indianapolis market in 2012 with the Ironworks at
Keystone mixed-use development project, which has since received
numerous awards, including the NAIOP-Indiana Best Mixed-Use Development
of 2014, Indy Chamber’s 2015 best “Neighborhood Revitalization” award,
and Indy Chamber’s 2015 best “Real Estate Development” award. Most
recently, Hendricks has been selected to redevelop the former Coca-Cola
bottling plant located on Massachusetts Avenue in downtown Indianapolis.

Learn more about the hotel at IronworksHotelIndy.com.

About Hendricks Commercial Properties

For more than 40 years, Hendricks Commercial Properties (HCP) of
Beloit, Wis. has worked with clients to transform their commercial real
estate visions into realities. Established to help communities and small
businesses thrive by their commitment to helping retailers flourish and
serving as an active partner in communities in which they have property.

HCP offers the full spectrum of real estate development needs,
including site selection, licensing and permitting, property
acquisition, due diligence, construction management and financing. HCP
manages and owns more than 12 million square feet of real estate
property in 34 states.

Contacts

BLASTmedia for Hendricks Commercial Properties
Laura Beth Huber,
317-806-1900 x133
laurabeth@blastmedia.com