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Hammond nearing end of revitalization projects, looking ahead to reimagined downtown, mayor says


HAMMOND — The city is preparing to button up various long-term developments in the near future, but development is far from over in Hammond. 
In a few months, work at Oxbow Landing will be complete, Hammond Mayor Thomas McDermott Jr. said Thursday during his 17th State of the City address with the Lakeshore Chamber of Commerce.
Located along an oxbow on the Little Calumet River, the development was once home to the crime-ridden River Park Apartments.
Promising to demolish the apartments is what helped McDermott win his bid to become mayor in 2004, he said.
And he did just that.
In 2004, the city spent $20 million to purchase and tear down River Park Apartments. Since then, the mixed-use development has become home to two hotels, two first-class commercial buildings, Byway Brewing and Buffalo Wild Wings. ....

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NWI office vacancy rate fell in 2020 as COVID had little impact on market


Office vacancy plunged from 19% to 14% in Northwest Indiana last year as the COVID-19 pandemic had little impact on the market, according to Commercial In-Sites annual Class A multistory office market report.
Northwest Indiana s office vacancy rate dipped below the 15% rate that information and analytics company CoStar reported in the overall suburban Chicago office.
Commercial In-Sites tracked 26 office properties encompassing 1.35 million square feet, including One Professional Center in Crown Point, the Galleria in Dyer, Oxbow Landing in Hammond, Cardinal Campus in Highland, the Munster Professional Center, the Crossings of Schererville, the Purdue Technology Center in Merrillville, the Geminus Corporate Center in Merrillville and the Fifth Third Bank building in Valparaiso. Half of the 26 were at 100% occupancy or completely leased out, an increase of two properties with no vacancies as compared to the previous year. ....

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