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Stephanie Wiechmann
Southway Center on South Madison Street will be renamed the Markets on Madison. The Muncie mayor's office says the property was purchased late last year by Redmond, Washington based software consulting group Brick Red Systems. Concept drawings and the announcement showed three new buildings would be constructed along Madison Street, where there is currently a large parking lot. The project will include a grocery store and a mix of restaurants, businesses and retail.

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Stephanie Wiechmann
Besides Brick Red, no business names were included in the announcement. Mayor Dan Ridenour says the city will use funds from his EDIT account to help green up the 19 acre site.

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Dan Ridenour
The other thing that we're going to do with that parking lot is that you're going to see a much greener, there we're going to put a little playground area in there, and, some seating and a lots of trees. So it'll be, completely transformed.

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Stephanie Wiechmann
In a statement, Brick Red says it hopes to bring 50 IT jobs to the city as part of the satellite office it will house in the Madison Street center. Muncie officials say they'll work with the state to get the company incentives for bringing technology jobs to Indiana. The mayor's office says the project will begin in the spring. No completion date for the project or bringing Brick Red jobs was included.

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Stephanie Wiechmann
No budget was given for the city's contribution or for Brick Red's investment, according to the mayor's spokesman. The city will seek a tax abatement from the Muncie City Council for the project. That request is not listed on the council's March agenda. In Muncie, Stephanie Wiechmann, IPR news.