Location & Hours
Core Redevelopment is currently planning the redevelopment of the
approximately 190,000 square-foot ICON building, located at One Sycamore Street, in Terre Haute, Indiana into 163 market-rate residential apartments.
All units will have loft-like design and be finished to a consistently high quality level --
stainless steel appliances, dishwashers, garbage disposals, microwaves, in-unit washers and dryers, granite countertops, modern wood cabinets, modern energy-efficient windows, polished concrete floors, two-color paint schemes and entirely new residential
HVAC, plumbing and electrical systems. Floorplans will be open and loft-like, some with two-story mezzanines, and above-average ceiling heights will create a strong sense of volume.
The Property is a three-story, all-masonry structure with a unique concrete sawtooth roof that was built in 1930 by American Can for making tin cans, among other things. American Can operated the Property until it was sold to Pillsbury in 1963. In 1990, Pillsbury announced the closure of the Property. ICON Transportation bought the vacant Property in 1995 and used it as a warehouse for CDs and videocassettes until the early 2000s, when it ceased
operations. Indiana State University (“ISU”), its current owner, bought the Property in 2009; it has been vacant and awaiting redevelopment or demolition ever since.
The Property is a poured-inplace concrete structure supported by
exterior masonry walls, thick concrete columns and mostly bare concrete floors. Internal block walls, not original
to the Property when it was built, and unusable industrial mechanical systems are present throughout the building. Virtually all of the building’s numerous massive windows have been blocked in
and painted over for decades, giving the building its present monolithic appearance. The concrete sawtooth roof is
perhaps its most recognizable architectural feature. The Property sits on the east bank of the Wabash River due west of ISU’s main
campus in Terre Haute, Indiana, the county seat of Vigo County. It is immediately adjacent to ISU’s new track and field facility. Most of the remaining underdeveloped land surrounding the Property is also owned by ISU, whose current Campus Master Plan calls for
continued development westward toward the Wabash River.