Cold Springs Innovation Corporation proposes mixed-use development in DSW5 District

June 26, 2025 | Indianapolis City, Marion County, Indiana


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Cold Springs Innovation Corporation proposes mixed-use development in DSW5 District
On June 26, 2025, the Metropolitan Development Commission Hearing Examiner convened to discuss a significant petition from Cold Springs Innovation Corporation, a subsidiary of Marian University. The proposal seeks to rezone land from the DSW5 District to the MU2W5 District, facilitating a mixed-use development aimed at enhancing community resources and economic opportunities in Indianapolis.

During the meeting, attorney Tim Oakes, representing Cold Springs Innovation Corporation, introduced the petition and its implications for the area. The rezoning is intended to support a development that combines residential, commercial, and recreational spaces, reflecting a growing trend towards mixed-use environments that cater to diverse community needs.

The hearing began with a formal affirmation from those intending to testify, ensuring that all statements made would be truthful. This procedural step underscores the importance of transparency and accountability in the development process.

Deb Lawrence, general counsel and senior vice president for Marian University, joined Oakes in presenting the case, highlighting the university's commitment to community engagement and development. The involvement of a prominent educational institution like Marian University adds a layer of credibility and potential for positive impact on local residents.

The proposed mixed-use development is particularly relevant in the context of Indianapolis's ongoing efforts to address housing demands and economic growth. By transforming the designated area, the city aims to create a vibrant community hub that could attract new residents and businesses, ultimately contributing to the local economy.

As discussions continue, the outcomes of this petition will be closely monitored by community members and stakeholders alike. The decision will not only shape the future of the specific site but also reflect broader trends in urban development and community planning in Indianapolis. The next steps will involve further evaluations and potential adjustments based on feedback from the community and city officials.

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