Business

$200M Indianapolis HQ Tops Out

4 months ago

Andretti Global will move to the $200 million campus next year. The post $200M Indianapolis HQ Tops Out appeared first on Commercial Property Executive.

The company plans to move from its current headquarters at Zionsville Road in Indianapolis next year. Image courtesy of Andretti Global

Clark Construction Group has topped out the first phase of Andretti Global’s new headquarters in Fishers, Ind., measuring almost 400,000 square feet. Partners on the development also include master developer Bradford Allen, architect of record RATIO and design firm Ridge and Partners.

The building is part of a 90-acre campus and more than quadruples Andretti’s current headquarters. The company broke ground on the $200 million project in December 2022 and plans to relocate to the new complex in 2025. At full build-out, the property will measure some 575,000 square feet.

In 2022, the Indiana Economic Development Corp. announced plans to invest up to $19 million in Andretti Autosport through conditional tax credits and up to $125,000 in training grants, contingent on the company’s investments in its Indiana operations. Additionally, the city of Fishers has granted further incentives.

The Phase One building will house day-to-day operations for the racing team, as well as Andretti Technologies’ advanced research and development pursuits. A fitness center, walking trails, amphitheaters, employee gathering areas and expanded dining options will be part of the facility’s set of amenities.

Plans also call for the construction of Andretti Experience, an expanded section of the complex that will cater to fans and the community. The property will include interactive experiences, memorabilia, museum exhibits and public dining, among others.

The development is on the southeast side of Indianapolis Metropolitan Airport, near E. 96th St. and Hague Road. Downtown Indianapolis is some 18 miles away.

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