|Cummins Reveals its Downtown Indianapolis Plan|
INDIANAPOLIS – Cummins Inc. (NYSE:CMI) today presented to the City of Indianapolis’ Metropolitan Development Commission its plan to locate the global distribution business headquarters in the heart of the Market East cultural district.
The building, which will include a distinctive 10-story office tower with retail on the first floor and a significant public greenspace will be built on four acres where Market Square Arena previously stood. The Company expects to break ground on the building in early 2015 and open it in late 2016.
“We are excited to be in downtown Indianapolis, bringing with us the architectural legacy that Cummins has established in Columbus, Indiana, and around the world,” said Tom Linebarger, the Company’s Chairman and Chief Executive Officer. “I am confident this space will create a dynamic place to work for our employees and customers, while contributing to the city’s landscape.”
Mayor Greg Ballard said he’s especially excited by the green space that will border the city’s Cultural Trail running along the west side of the property. “Cummins’ innovative design for its new downtown Indianapolis campus will serve as an anchor for redevelopment in the Market East district and bring new vitality to the area,” said Mayor Ballard. “This project raises the bar for architecture in Indy and will stand as a bold and visually compelling gateway into the city.”
Building architect Deborah Berke said the building will include flexible office space with abundant views and lots of natural light. “The floors are designed to provide a modern, flexible working arrangement that caters to employees’ diverse preferences and work styles,” Berke said.
The Company’s plans for the site also include a conference center and a parking garage. The project site is bordered by Market, Alabama, Washington and New Jersey streets.
The Metropolitan Development Commission could vote on the plan as early as Dec. 17.
Cummins’ Distribution Business is one of the Company’s four business units. It sells the full range of Cummins products for more than 20 application segments in more than 190 countries around the world. The Company’s corporate headquarters will remain in Columbus where Cummins was founded 95 years ago.
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service diesel and natural gas engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins currently employs approximately 48,000 people worldwide and serves customers in approximately 190 countries and territories through a network of approximately 600 company-owned and independent distributor locations and approximately 6,500 dealer locations. Cummins earned $1.48 billion on sales of $17.3 billion in 2013. Press releases can be found on the Web at www.cummins.com. Follow Cummins on Twitter at @Cummins and on YouTube at CumminsInc.