Overview

At the epicenter of downtown stands a vacant city block. For years, the mostly vacant block visualized the detrimental effect of neglectful out-of-state ownership in Downtown Evansville. More recently, a group of local investors secured the site, imploded a building, and has been working to bring new life to the center of downtown. READI funds will contribute to site cleanup and preparation for new, mixed-use residential living. 160 apartments paired with amenities like a restaurant and underground parking in the heart of the city will bring economic success and shine a light on Evansville as a place to live and work. In Q1 of 2024, work will begin to demo and clear the site. In May of 2024, we expect vertical construction of the site, and the full completion of the site in June of 2026. This will produce 160 apartments, a public park, and bring life to Downtown Evansville. Private funds are from local investors, Indiana based developer CRG Residential via a loan from Old National Bank, and local funds from Evansville Redevelopment Commission in the form of site specific TIF and developer backed bonds.