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UPDATE: Activity picking up at innovation center

February 25, 2006

In operation since March of 2004, it seems that business is finally booming at Richmond Indiana’s Uptown Innovation Center.

The center, located in the heart of Richmond’s downtown district at 814 E. Main Street, provides office space for business start-ups as well as facilities for training and video conferencing. After standing vacant for more than a decade, the building was purchased by Main Street Richmond - Wayne County in 2000. Following the purchase, $1.4 million in renovations were needed to transform the 9,600 square foot building, once home to the Ritz Theater, an Osco Drug Store, and most recently, a community center, into a state-of-the-art technology center.

With occupancy reaching as high as 60%, Renee Oldham, executive director for Main Street Richmond said that the center’s growth is progressing according to plan.  

"I think this concept is taking off," she said. "When Main Street started talking about a technology center seven years ago it was not in the city or county's vocabulary. You have to stick to this to make it grow."

Oldham noted that as many as three businesses have occupied the center at one time with an additional seven potential clients inquiring about space.

This information has been provided by Rhett Baumgartner Commercial Real Estate to keep our clients and customers informed about our company and the Richmond, Wayne County, Indiana real estate market.