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Pan Am Plaza could house 2 new towers

INDIANAPOLIS – An Indianapolis developer plans to build a tower housing two separate hotels on the site of the downtown Pan Am Plaza.

The Indianapolis Business Journal reports (http://bit.ly/1fVfVrR ) the plan includes two towers – one of them housing two separate hotel brands offering 700 rooms.

The other tower would be a residential building with retail and office space on the first floor.

Kite Realty Group Trust bought the site in 2008. The city has struggled to find development for the site, which was built when Indianapolis hosted the Pan Am Games in 1987.

The towers would be less than 20 stories high to complement the nearby 16-floor Hyatt Regency Indianapolis.

The IBJ says the towers could enhance the city’s bid for the 2018 Super Bowl.

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