State assistance announcement
IEDA described the project’s capital investment as just over $22 million. This is a dated estimate, not a final audited cost.
SourceMerchants Bonding
Construction reportedA three-story office addition, with construction reported in April 2026.
Project images and plans
An early expansion concept
Early headquarters-expansion concept published May 22, 2025. Company says final design was still in development; not an approved or as-built rendering. Earlier 30,000-square-foot concept differs from the later 34,000-square-foot approved addition.
Merchants Bonding Company; rendering artist not identifiedView original sourceConstruction in March 2026 — view at source ↗
Construction photographs from late March 2026, supplied by Merchants Bonding and published April 8, 2026. They do not establish current site conditions.
Photos courtesy of Merchants Bonding Company, via Business Record- Location
- 6700 Westown ParkwaySource
- Addition
- 34,000 square feet / three storiesSource
- Site-plan applicant
- Sidekick Development LLCSource
- Completion
- Not independently confirmedEvidence limits
What matters next
- Latest cited development
- April 8, 2026: Business Record reported construction progress and a year-end 2026 target.Source
- What that establishes
- The approved addition is three stories and 34,000 square feet. Source estimates differ: IEDA just over $22 million; city $25 million.Source 1Source 2Source 3
- Next evidence to watch
- A completion announcement and updated investment figures.
Project context
Merchants Bonding is expanding its Westown Parkway headquarters with a three-story, 34,000-square-foot addition. Construction was reported in April 2026.
Project milestones
Site plan approved
Council approved the major site plan 5–0, including 26 deferred parking spaces.
SourceCity estimate published
The City annual report states $25 million. Its scope has not been reconciled with IEDA’s earlier just-over-$22-million figure.
SourceConstruction progress reported
Business Record reported the expansion taking shape with a year-end 2026 target.
SourceSupporting diagrams Original summaries—not development plans
Room for business growth
Original diagram of the approved addition’s scale, not a building elevation or site plan.
Supporting sourceTwo dated investment estimates
IEDA: just over $22 million, June 20, 2025. City: $25 million, 2025 annual report. Differences in timing or scope are not resolved.
Supporting sourceDocuments & sources
Official records and reporting, with access limitations noted.
Open questions
- What is the current construction schedule, and has occupancy or completion been announced?
- Why do the IEDA and City investment estimates differ?
- Which figures describe the approved addition, total campus and deferred parking?