The metropolitan area’s largest florist has purchased a vacant building in one of LISC’s Quality of Life neighborhoods on the Near Eastside and will move its headquarters back to Indianapolis next year. With the help of a Facade grant from LISC, McNamara Florist’s corporate headquarters will undergo extensive, environmentally-friendly renovations the $20,000 grant will be used to improve the exterior appearance of the building. Financing for the acquisition and construction was also provided by First Internet Bank and an SBA 504 loan, which was coordinated by Premier Capital Corporation.
The building has been vacant for several years and this project will set the stage for occupancy, stimulus and stability in the building and the surrounding area. McNamara’s new Indianapolis location offers a more concentrated point of distribution with easy interstate access, will be great for their frequent city-wide delivery service and support to local event venues. McNamara is expected to occupy the space in the beginning of 2016. The company currently employs 120 people and will relocate 70 of those positions to this facility. By moving to the heart of Indianapolis, McNamara contributes to the revitalization on the Near Eastside and the city’s urban core.
