PENTHOUSE CONDOS AND MIXED-USE COMMUNITY BREAKS GROUND IN SPEEDWAY

SPEEDWAY, IN – Before the drivers start their engines this weekend, project partners and Speedway Town Officials started the excavator—officially breaking ground on 1300 Block on Main Street. The new development brings modern condos, apartments, retail and restaurant space, as well as a public plaza to the heart of Main Street Speedway between 13th and 14th streets. Also announced today, Le Peep is coming to Speedway and plans to open a restaurant on the first floor.

“We are excited to see another step in our redevelopment efforts come to fruition in the 1300 Block moving forward and what better time to celebrate this next step for Main Street than during race week in Speedway,” said Tim Gropp, Economic Development Director, Town of Speedway. “The project offers a unique ownership opportunity and brings public gathering space that will be enjoyed by  residents and visitors to Speedway for decades to come.”

A Rebar Development project, 1300 Block is a three-story building with penthouse condos, apartments and condos on the second floor, and retail and restaurant space on the first floor. The four penthouse condos offer two-bedrooms, open floor plans, high-end furnishings, and expansive outdoor terraces that overlook iconic Main Street with views of Indianapolis Motor Speedway. On the second floor there are two additional one-bedroom condos and eight one-bedroom modern apartment lofts with private balconies. Rounding out the development, the first floor offers 8,600 sq. ft. of retail and restaurant space with outdoor seating and a new public plaza for community activation on the corner of 14th and Main streets.

“We are grateful to partner with the Town of Speedway on another special project that brings additional housing, shopping, and dining options to Main Street,” said Shelby Bowen, President of Rebar Development. “This is such an iconic place to live, work, and enjoy all the amenities Speedway, as well as downtown Indianapolis, have to offer.”

The penthouse and second floor condos are the only opportunity for homeownership on Main Street and start at $299K. Currently for sale and open to customization, the condos are designed for modern living while connecting residents to all that historic Speedway has to offer. Located in the middle of Main Street just steps from the Indianapolis Motor Speedway, 1300 Block brings a living experience like no other. In addition, the new public plaza will offer residents and the community a place to gather for concerts, festivals, and food truck nights.

Also announced today, Le Peep will occupy the 3,100 sq. ft. of restaurant space on the first floor with outdoor seating on Main Street. The breakfast, brunch, and lunch restaurant will feature many of the staples found at Le Peep’s other location while also offering dishes unique to Speedway.  

“Le Peep is perfect for Main Street in Speedway and very unique because it provides an experience for the entire family,” said Ali Hessaraki, Owner of Le Peep in Speedway. “Ready for your entire family or for your business meeting, Le Peep offers it all.”

Previously announced, Vine & Table will occupy 4,000 square feet on the first floor. Locally owned for more than twenty years, Vine & Table offers Indiana’s best selection of wine, spirits and craft beers with an expertly trained staff that helps curate your bar, build a wine collection, or find the perfect paring for dinner. Vine & Table also hosts personal consultation and to your door service—an amenity that is sure to be a hit with 1300 Block residents and the Speedway public. An additional 1,500 sq. ft. retail suite is still available for lease.

“The retail space on the first floor is a great opportunity to join the Speedway business community in a high-traffic location that is second to none. We are excited to welcome Vine & Table and Le Peep to 1300 Block and look forward to seeing who will occupy the last great space in this building,” said Bowen.

Construction on 1300 Block is expected to be complete in the spring of 2022. However, those interested in living at 1300 Block should visit www.1300Block.com today to inquire about a condo or to secure a lease on an apartment. With a limited inventory and strong real estate market, this unique living opportunity is expected to be sold/leased quickly.