Traders Point in the Cross Hairs

The Traders Point area is in the cross hairs of two major projects announced today; FBI and Medco Health. Duke Realty’s site located at West 79th Street and 465 on Woodland Drive will be a new Indianapolis field office for the FBI. Duke's Anson Project at I-65 and S.R. 334 will be home to a huge automated pharmacy employing 1300. Both projects will bring higher wage jobs to the Traders Point area which should bode well for stablilzing the area’s housing stock. It could also mean increased traffic for the communities’ narrow two lane roads.Plans for the new F.B.I. office call for a complex of three buildings: a three-story office building, an enclosed parking garage and a separate maintenance building, the U.S. General Services Administration announced today. The $38.1 million development would give the FBI 110,000 square feet, a much-needed boost from its 55,000-square-foot space in the Minton-Capehart Federal Building downtown.

Duke Realty’s Anson development was selected by Medco for a new automated pharmacy along I-65 near S.R. 334. Anson won an intense, three-way competition to land Indiana’s biggest economic development project in more than a year: a massive, mail-order pharmacy that will employ 1,300 people.Medco picked the site because of its access to Northside workers, as well as its proximity to I-65, the airport and Downtown Indianapolis. Medco said it would invest $150 million in the new facility, which will employ 1,300 people by 2012, with an average wage of $53,000.

About 120 positions will be pharmacists, with the rest consisting of pharmacy technicians, engineers, information technology specialists and managers.