The Madame Walker Theatre Board said it has chosen a preferred developer for a mixed-use development and renovation of the historic venue on Indiana Avenue, reports the Indianapolis Business Journal.
Full Spectrum of NY LLC would lead the mixed-use development, which may include retail and restaurants, office space and a boutique hotel.
The first phase will involve renovating and expanding Madame Walker Theatre Center, which was built in 1927. The theater board has been planning a $10 million capital campaign, which may kick off this fall.
Tapped for engineering, design and construction management are locally-based A2SO4 Architecture and Khafra Engineering, which has an Indianapolis office.