{"id":1004070013,"date":"2013-04-05T13:51:51","date_gmt":"2013-04-05T21:51:51","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=114765"},"modified":"2020-05-12T00:07:52","modified_gmt":"2020-05-12T08:07:52","slug":"eli-lilly-plans-180m-expansion-of-insulin-cartridge-plant-in-indianapolis-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/eli-lilly-plans-180m-expansion-of-insulin-cartridge-plant-in-indianapolis-2\/","title":{"rendered":"Eli Lilly Plans $180M Expansion of Insulin Cartridge Plant in Indianapolis"},"content":{"rendered":"<p><em><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/Eli-Lilly-headquarters-Indianapolis.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-114766\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/Eli-Lilly-headquarters-Indianapolis-300x201.gif\" alt=\"\" width=\"300\" height=\"201\" \/><\/a>by Adriana Pop, Associate Editor <\/em><\/p>\n<p>Locally based pharmaceutical giant Eli Lilly and Co. is considering an additional $180 million investment in its Indianapolis-based insulin manufacturing operations.<\/p>\n<p>Plans call for an 84,000-square-foot expansion of the company\u2019s $140 million plant currently under construction in the southwest area of downtown Indianapolis. The new facility will increase the company\u2019s insulin-active-ingredient manufacturing capacity and create a second insulin-cartridge-filling line. The production area is expected to become operational in March 2014, while construction on the insulin-cartridge-filling line would be complete by 2016.<\/p>\n<p>Once it becomes fully operational, the new plant would employ about 175 full-time, high- skill workers. Lilly has also announced it would spend about $80 million on several ancillary projects in the city, including a product-inspection center.<\/p>\n<p>&#8220;Lilly could have made this investment anywhere in the world, but the fact that it continues to expand in Indianapolis is a testament to the great business climate and workforce in our city,&#8221; said Mayor Greg Ballard. &#8220;I want to underscore that despite challenging economic times, in the past six months, Lilly has announced proposed plans to invest more than a quarter of a billion dollars in our city and create jobs for many highly skilled people. This is great news for Indianapolis.&#8221;<\/p>\n<p>In multifamily development news, Pedcor Investments is planning a $13.1 million affordable housing complex for seniors on the west side of Indianapolis. According to the <a href=\"https:\/\/www.ibj.com\/pedcor-moving-ahead-with-13m-central-state-apartment-project\/PARAMS\/article\/40532\" rel=\"nofollow\"><em>Indianapolis Business Journal<\/em><\/a>, the project has recently been awarded $1.2 million in federal tax credits.<\/p>\n<p>Called The Retreat on Washington, the new development will be located on the site of the former Central State Hospital campus, along West Washington Street. The project will consist of a three-story building with one- and two-bedroom units. The one-bedroom apartments are expected to rent from $300 to $625, while rents for the two-bedroom homes will range from $350 to $725. Construction could begin in August or September and last until next fall.<\/p>\n<p>In December, Pedcor completed another affordable housing development at the 150-acre site of the former psychiatric hospital which closed in 1994. The $20 million Steeples on Washington complex offers 144 apartments to residents earning 60 percent or less of the area\u2019s median income. The seven-building project has received $2 million in federal tax credits, the newspaper reports.<\/p>\n<p><em>Photo credits: lilly.com\/news\/media-center<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Locally based pharmaceutical giant Eli Lilly and Co. is considering an additional $180 million investment in its Indianapolis-based insulin manufacturing operations.<br \/>\nPlans call for an 84,000-square-foot expansion of the company&rsquo;s $140 million plant currently under construction in the southwest area of downtown Indianapolis. The new facility will increase the company&rsquo;s insulin-active-ingredient manufacturing capacity and create a second insulin-cartridge-filling line. The production area is expected to become operational in March 2014, while construction on the insulin-cartridge-filling line would be complete by 2016.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1590,21742],"tags":[1815],"class_list":["post-1004070013","post","type-post","status-publish","format-standard","hentry","category-indianapolis","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Eli Lilly Plans $180M Expansion of Insulin Cartridge Plant in Indianapolis - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/eli-lilly-plans-180m-expansion-of-insulin-cartridge-plant-in-indianapolis-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eli Lilly Plans $180M Expansion of Insulin Cartridge Plant in Indianapolis\" \/>\n<meta property=\"og:description\" content=\"Locally based pharmaceutical giant Eli Lilly and Co. is considering an additional $180 million investment in its Indianapolis-based insulin manufacturing operations. Plans call for an 84,000-square-foot expansion of the company&rsquo;s $140 million plant currently under construction in the southwest area of downtown Indianapolis. The new facility will increase the company&rsquo;s insulin-active-ingredient manufacturing capacity and create a second insulin-cartridge-filling line. The production area is expected to become operational in March 2014, while construction on the insulin-cartridge-filling line would be complete by 2016.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/eli-lilly-plans-180m-expansion-of-insulin-cartridge-plant-in-indianapolis-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-04-05T21:51:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-12T08:07:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/Eli-Lilly-headquarters-Indianapolis-300x201.gif\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eli-lilly-plans-180m-expansion-of-insulin-cartridge-plant-in-indianapolis-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eli-lilly-plans-180m-expansion-of-insulin-cartridge-plant-in-indianapolis-2\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"Eli Lilly Plans $180M Expansion of Insulin Cartridge Plant in Indianapolis\",\"datePublished\":\"2013-04-05T21:51:51+00:00\",\"dateModified\":\"2020-05-12T08:07:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eli-lilly-plans-180m-expansion-of-insulin-cartridge-plant-in-indianapolis-2\\\/\"},\"wordCount\":379,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eli-lilly-plans-180m-expansion-of-insulin-cartridge-plant-in-indianapolis-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/04\\\/Eli-Lilly-headquarters-Indianapolis-300x201.gif\",\"keywords\":[\"National\"],\"articleSection\":[\"Indianapolis\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eli-lilly-plans-180m-expansion-of-insulin-cartridge-plant-in-indianapolis-2\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eli-lilly-plans-180m-expansion-of-insulin-cartridge-plant-in-indianapolis-2\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eli-lilly-plans-180m-expansion-of-insulin-cartridge-plant-in-indianapolis-2\\\/\",\"name\":\"Eli Lilly Plans $180M Expansion of Insulin Cartridge Plant in Indianapolis - 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