16 Tech: Community Update · 11.03.2018 · 16 Tech finalizing designs for building, including...
Transcript of 16 Tech: Community Update · 11.03.2018 · 16 Tech finalizing designs for building, including...
16 Tech: Community UpdateNovember 22, 2019
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Agenda
1. Welcome/Overview
2. Community Initiatives Updates
3. District Development Updates
4. Construction Updates
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Welcome and Thanks
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16 Tech Strategic ObjectivesFormed as 501c3 for public benefit
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• Create a hub for innovation activity in Indiana through strategic acquisition of land, mixed use development and placemaking
• Attract innovative companies, teams, and talent to 16 Tech
• Provide programming services to foster innovation
• Engage and contribute meaningfully to the neighborhoods surrounding 16 Tech
• Create an inclusive culture that welcomes and celebrates diversity in the district and surrounding area
• Develop a sustainable business model that supports the continued development of 16 Tech
16 Tech Timeline
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16 Tech identified innovation and entrepreneurial activity
2002 2015 2016 2017 2018
16 Tech Community Corporation established
Project Agreement with City signed
16 Tech creates master plan for district
Fairbanks grant announced
Lilly Endowment grant secured
Development Agreement signed with Browning for initial Phase 1 projects
Public infrastructure and Building 1 construction begins
Community Investment Fund Advisory Committee named
CEO hired to lead 16 Tech
2019
Public infrastructure and building construction continues
Ongoing Phase 1 land acquisition
Community Initiatives
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16 Tech Community Investment Fund Launch
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16 Tech Community Investment Fund Launch
Video Production:
Derek Tow, owner of The South 40 Media Production and The Box Media Space near 16 Tech
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To play video: https://vimeo.com/374493912
16 Tech Communities Served
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16 Tech will only consider grant proposals focused on
making an impact within the following geographic
boundaries:
• Near Northwest: Riverside, Rivers Edge, Planners, NW
Civic League, Neighbors Helping Neighbors, Kessler-
Wides (KW30), Golden Hill, Cold Springs, Clifton on the
River
• Near West: Haughville, Hawthorne, Stringtown, We Care
• Fayette Street, Indiana Avenue, MLK Jr. Street, Historic
Flanner House Homes, and Ransom Place
All applications must demonstrate resident and neighborhood support for the proposed project or funding request.
16 Tech Community Investment Fund Priorities
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Workforce training
Create meaningful workforce development opportunities for adults that lead to career pathways that earn at least a living wage.
Neighborhood capacity building
Build organizational capacity,
grow social capital and an
entrepreneurial spirit as well
as support community
organizing that leads to
residents being more
empowered.
Business support
Support the growth and sustainability of local businesses and entrepreneurs.
Education
Expand educational opportunities for children in science, technology, engineering, arts and math (STEAM).
Infrastructure and beautification
Connect people and places to enhance community-building by investing in art, housing, nature and beautification of the built environment.
Innovation PoolGrant deadline: December 20, 2019 (noon)
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This funding pool supports resident-led, neighborhood-based projects. Funding up to $25,000 is available for projects that are designed, led, and implemented by grassroots and neighborhood-based organizations.
Who can apply: • Registered 501(c)(3) organizations with annual budgets less than $1 million; or• Individuals who have partnered with a non-profit fiscal agent.
The online applications are hosted by the Central Indiana Community Foundation (CICF) and are open now on the CICF portal.
Innovation Pool
Applications Available Proposal Deadline Board Review & Notification Award Level Grant Period
Annually Minimum 6 weeks after application opening
Within 2 months of submission Up to $25,000 12 months
Impact PoolGrant deadline: January 17, 2020 (noon)
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This funding pool supports larger projects up to $100,000 that are designated and implemented to benefit residents. Multi-year requests will be considered.
Who can apply: • Registered 501(c)(3) organizations; or• Organizations and/or individuals who have partnered with a non-profit fiscal agent.
The online applications are hosted by the Central Indiana Community Foundation (CICF) and are open now on the CICF portal are open now.
Impact Pool
Applications Available Proposal Deadline Board Review & Notification Award Level Grant Period
Annually Minimum 8 weeks after application opening
Within 3 months of submission Up to $100,000 12 months(multi-year requests will be considered)
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Important Dates
Contact: [email protected]
December 2019
Event: Grant WorkshopDate: December 5 Time: 10 am - 11 am Location: Webinar
Event: Grant Q & ADate: December 12Time: 4:30 – 6 pm Location: Flanner House
Event: Innovation Pool DeadlineDate: December 20Time: Noon
January 2020
Event: Grant Q & A Date: January 8Time: 4-5:30 p.m.Location: Source River West
Event: Impact Pool DeadlineDate: January 17Time: Noon
March 2020
Event: Innovation Pool NotificationsDate: TBD
April 2020
Event: Impact Pool NotificationsDate: TBD
16 Tech District Updates
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Construction & Development Updates
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Land Acquisition16 Tech owns or has options to purchase all land needed for phase 1 of district.
Innovation Hub16 Tech finalizing designs for building, including co-working, office, makerspace and food options. Bid packages available from Browning Dec. 2.
Innovation Building 2Browning pre-leasing.
Innovation Building 1Under construction. Open Summer 2020.
Public Infrastructure ProjectsGent Avenue construction (in progress).
16 Tech Bridge site prep / Water main relocation (in progress).
Well relocation (in progress).
Infrastructure Progress
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Innovation Hub @ 16 TechUpcoming bid opportunities
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The heart and soul of 16 Tech, the Innovation Hub will enhance innovation by:
• Providing flexible space for entrepreneurs, academic researchers, residents and established corporations; and
• Creating a gathering place for programs, partnerships and amenities that service 16 Tech tenants, neighborhoods and the broader Indianapolis community.
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1. Flexible office/incubator space
2. Advanced Makerspace
3. Artisan Marketplace
16 Tech-led Design & Construction ContractsDiversity Participation as of August 2019
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Public Infrastructure
Diversity Participation
Project Contractor Contract Amount
Project Status % MBEGoal15%
%WBEGoal 8%
%VBEGoal 3%
%DOBEGoal 1%
Total Goal27%
Engineering services American Structurepoint
$7,092,761 In progress 16.50% 4.48% 0.00% 0.70% 21.69%
Waterline relocation Bowen Engineering $6,765,155 In progress 14.38% 8.28% 2.68% 0.00% 25.34%
Gent Ave. Corridor Rieth Riley Construction
$4,705,236 In progress 15.36% 16.32% 1.72% 0.00% 33.40%
HazMat abatement 1100 Waterway
CTL Engineering of Indianapolis
$305,000 Complete 100% 0.00% 0.00% 0.00% 100%
HazMat abatement1500 Indiana
CTL Engineering of Indianapolis
$86,500 Complete 100% 0.00% 0.00% 0.00% 100%
* While there is currently no certification process for LGBTQ+ businesses in Indianapolis, 16 Tech welcomes LGBTQ+ participation in the project.
16 Tech-led Design & Construction ContractsWorkforce Utilization as of August 2019
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Public Infrastructure
Workforce Utilization
Project Contractor Project Status MinorityGoal 15%
WomenGoal 8%
LocalGoal 25%
Engineering services American Structurepoint In progress 8% 22% 31%
Waterline relocation Bowen Engineering In progress 10% 9% 33%
Gent Ave. Corridor Rieth Riley Construction In progress 44% 2% 65%
HazMat abatement 1100 Waterway Blvd.
CTL Engineering of Indianapolis Complete 80% 16% 76%
HazMat abatement 1500 Indiana Ave.
CTL Engineering of Indianapolis Complete 74% 16% 68%
Building 1 Construction Update
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Construction Milestones – Building 1
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MILESTONE ON-SCHEDULE
Elevators
December 2019
INPROGRESS
September 2019
BuildingEnclosure
CICP TenantBuild Out
December 2019
INPROGRESS
October 2019
Heating,Cooling
& ElectricalEquipment
INPROGRESS
October 2019
IBRI Tenant Build Out
MILESTONE ON-SCHEDULE
Construction Progress – Building 1
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INPROGRESS
September 2019
BuildingEnclosure
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INPROGRESS
October 2019
Heating, Cooling & ElectricalEquipment
Construction Progress – Building 1
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INPROGRESS
October 2019
IBRI Tenant Build Out
Construction Progress – Building 1
Building 1 - IU School of MedicineInterior Buildout (Bid Package #4)
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(Dates are tentative)
Nov 2019 Drawings in progress
Jan 2020 Bid solicitations to potential bidders
Feb 2020 Bid packages scheduled for award
Mar 2020 Commence construction
Sep 2020 Complete construction
Bid Package Timeline
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Awarded Contracts & Partners – Building 1
BID PACKAGE 1Core & Shell
BID PACKAGE 2IBRI Tenant Improvement
OPEN SHOP
49.20% 50.80% 46.65% 53.35%
36.70% 63.30% 54.37% 45.63%
UNION NON-XBE XBE
(Percentage by contract value) (Percentage by contract value)
59.87% 40.13% 70.20% 29.80%BID PACKAGE 3CICP Tenant Improvement
45.91% 54.09% 50.66% 49.39%BUILDING 1 (TO-DATE)Bid Packages 1 - 3
Innovation Hub Timeline & Bid Opportunities
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Innovation Hub Bid Process & Construction Timeline
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Innovation Hub – Bid Items/Prime Contracts
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Next Community Meeting
Friday, March 27, 2020
8:30 a.m.
Eskenazi Fine Arts Center
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