The East Washington Street Partnership is a collective effort to nurture sustainable economic development and revitalization along one of Indianapolis’ most essential commercial/industrial corridors. For over 100 years, the land at 3000 E. Washington Street (The Historic PR Mallory Building) has been special to the community. In the last several decades, the campus has been precluded from finding a more useful and sustainable future by unprecedented environmental contamination, dilapidated buildings which have outlived their usefulness, and disjointed ownerships
The Near Eastside is one of Indianapolis LISC’s Quality of Life neighborhoods. Over the last five years LISC has invested more than $16 million in grants, loans, and tax credits to support the development and implementation of the neighborhood quality-of-life plan. East Washington Street was recently named one of our first Great Places, it is also our first industrial corridor for the FOCUS program and a portion of their operating costs is funded by LISC. The stage is now set for this truly exceptional part our city to be revitalized.
With the redevelopment of the PR Mallory building and the Koweba Manufacturing center the neighborhood anchors a solid commercial strip on both sides of Washington Street, while supporting homeownership and civic life in the residential blocks nearby. Recently, LISC has provided a 750,000 bridge loan to Englewood CDC which will bridge costs related to the transformation of the PR Mallory building. The Historic PR Mallory Building carries strong cultural significance in the neighborhood and this site’s rejuvenation represents a remarkable step toward progress in the community. In 1921, General Electric developed the beautiful four-story building as a regional headquarters. Until 1975, the campus was home to over 1,500 employees of the P.R. Mallory Corporation
The East Washington Street Partnership is directed by Joe Bowling and this effort is the result of a unique collaboration between Englewood CDC, Near East Area Renewal, Southeast Neighborhood Development Corporation, LISC, and the City of Indianapolis to foster sustainable economic development along one of Indianapolis’ most important urban corridors. Partnership efforts are guided by the East Washington Street Vision Plan. The Vision Plan spurs higher productivity by a means that brings residents and jobs back, improves property values and tax base, improves ecological quality, and promotes the transformation of a struggling and degraded corridor into a vibrant, mixed use urban address. The plan also entails a long- term policy vision of re- introducing rail transit along the corridor. With the implementation of The Vision Plan East Washington Street is truly on a course for remarkable social change.