Tuesday, October 20, 2026 Hotel Post The story, straight
Construction & Development

Waterfront Canal Centre Keeps Future Status Five Years On

The Downtown Indy Alliance tracker files a 10-story hotel at 401 West Michigan Street under Commercial - Hospitality, dated August 2021 and still Future, with no developer, no room count and no completion date.

The Downtown Indy Alliance tracker carries one hotel project in Future status with an August 2021 date on it. The entry is Waterfront Canal Centre, at 401 West Michigan Street on the Central Canal in Indianapolis. The page publishes no completion date.

The two dated fields carry the whole timetable. A date started of August 2021 records when the project entered the alliance’s development map. A development status of Future records how the tracker classifies it today. Nothing on the page carries a later date.

The record at 401 West Michigan Street

The page files the site at 401 West Michigan Street, Indianapolis, IN 46202, under the category Commercial - Hospitality. The development type reads Hotel and the project type reads New Facility. The entry carries coordinates of -86.16541 and 39.773777 and links to the tracker’s hotel category page.

The scope the tracker publishes

The detail line reads: a 10-story hotel with a multi-level parking garage and outdoor activity area along the Central Canal. Those are the only program elements in the record. The page publishes no height in feet, no room count, no garage stall count and no square footage for the outdoor area.

The fields a lender would need

The page names no developer, no brand and no operator. It carries no project cost, no delivery schedule and no renderings. A hotel transaction or a construction lender reads the public record here as a name, an address, a category, a scope line and two dates.

The addresses around the site

The tracker’s distance tables carry the site’s context. The American College of Sports Medicine at 401 West Michigan Street occupies the same street address and is listed 160 feet south of the project point. Old World Gondoliers at 340 West Michigan Street sits 385 feet northeast. The Kurt Vonnegut Memorial & Library at 543 Indiana Avenue sits 664 feet northwest. The Madam Walker Legacy Center at 617 Indiana Avenue sits 1,006 feet northwest. Pathways to Peace Garden at Indiana and Senate Avenues sits 682 feet southeast.

The business block adds Lewis Wagner LLP at 501 Indiana Avenue, 199 feet northeast, IU Research and Technology Corp. at 518 Indiana Avenue, 315 feet north, Schultz and Pogue at 520 Indiana Avenue, 324 feet north, and the three-sixty group at 310 West Michigan Street, 517 feet northeast. Parking runs from the Bethel AME Church Lot at 414 West Vermont Street, 361 feet southwest, to the 521 N. Senate lot at 535 North Senate Avenue, 723 feet northeast.

The two triggers to watch

A status change and a completion date would move this entry. Neither exists today. The tracker publishes a change on the same detail page under the Commercial - Hospitality category.

The checkable facts at 401 West Michigan Street are the 10-story program, the multi-level parking garage, the outdoor activity area along the Central Canal, the August 2021 tracker date and the Future status.

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