Downtown Indy lists a 10-story hotel at 401 West Michigan Street on its development tracker under the name Waterfront Canal Centre. The recorded scope pairs guest rooms with a multi-level parking garage and an outdoor activity area along the Central Canal. The tracker files the entry under Commercial - Hospitality and gives the address as Indianapolis, IN 46202.
Two parts of that scope carry revenue lines of their own. A multi-level parking garage is priced space inside the building. An outdoor activity area on the canal is bookable space along the frontage.
The tracker records a development status of Future and a date started of August 2021. It records no completion date for the project.
The recorded scope
The tracker carries four fields for Waterfront Canal Centre. Development status reads Future. Date started reads August 2021. Project type reads New Facility. Development type reads Hotel.
The detail line reads: a 10-story hotel with a multi-level parking garage and an outdoor activity area along the Central Canal.
The entry publishes no developer name, no room count and no project cost.
Parking inside the building
A multi-level garage within a hotel building gives a revenue manager three parking inventory types to price. Overnight guest parking follows the room folio. Event parking for booked functions follows the booking sheet. Transient parking sold outside the room block follows the hour.
The tracker publishes no stall count for the garage. A parking rate card is set against a stall count, and that number sits outside the record.
The canal-side outdoor area
The outdoor activity area runs along the Central Canal. The tracker places the nearest canal-side address 385 feet northeast, at Old World Gondoliers on 340 West Michigan Street.
An outdoor area on that frontage carries several bookable uses: a seated function, a standing reception and a seasonal food and beverage outlet.
A seated function prices against a capacity figure. A standing reception prices against a head count. A seasonal outlet prices against a calendar window.
The tracker records the outdoor area in the scope and publishes no square footage for it. Capacity figures follow square footage.
Address facts an operator can price against
The tracker maps the surrounding addresses with a distance from the door. The Kurt Vonnegut Memorial & Library sits 664 feet northwest at 543 Indiana Avenue. The Pathways to Peace Garden sits 682 feet southeast at Indiana and Senate Avenues. The Madam Walker Legacy Center sits 1,006 feet northwest at 617 Indiana Avenue.
Parking near the site is already priced by other operators. The tracker lists the Canal Square Apartments Garage 495 feet southwest at 359 North West Street, the Bethel AME Church Lot 361 feet southwest at 414 West Vermont Street, and the Triangle Lot 461 feet east at 420 North Senate Avenue.
A hotel at this address holds a fixed set of walking destinations. The tracker supplies the distances in feet.
What the timeline fixes
The tracker holds Waterfront Canal Centre in Future status against the August 2021 date started. The entry fixes no opening year.
A revenue manager needs a delivery date to open a booking window. That date sits outside the record.
An operator working this project starts from three published numbers. The building is 10 stories. The address is 401 West Michigan Street. The scope includes a parking garage and an outdoor activity area on the canal. The stall count, the room count, the outdoor area square footage and the opening date stay unpublished on the tracker.