Louisville, Ky.(WDRB-TV-Fox 41)---More changes are in the works for East Main Street in downtown Louisville. One business is closing, but another has plans to move into an historic building in the 100 block of East Main.

The going-out-of-business signs are up at the Bridges-Smith Painting Store. This Friday, the retail paint store will shut its doors for good, consolidating its business at its plant on Eighth Street.

"We will certainly miss our customers and the comradery with them," says co-owner Paul Schmidt who has seen a lot of changes in the 50 years he's worked in the business.

With its art deco style and its location along East Main, the building is a great location for just about any business. The building is located about halfway between Slugger Field and the still under-construction KFC Yum! Center.

David Durik and Phil Hawkins have big plans for the building.  "We want to open up an atrium area in the front and put a glass elevator in there," says Durik.

Durik and Hawkins are the owners of what used to be known as Planet Telecom. The software and communications company, which has just changed its name to Indatus, has had its headquarters in New Albany for almost twenty years. It has purchased the Main Street building for $1.5 million. The company is growing rapidly and was searching for a higher profile location.

"We are missing some visibility by being here in New Albany as opposed to being on the main corridor of downtown Louisville," says Durik.  Hawkins adds, "We will be able to expand, we'll be able to consolidate our customer service operation which is down the street, we'll have everybody in one location to give continuity to our business."

Indatus plans to spend another $5 million renovating the Main Street location. The building dates back to more than a hundred years when it was a warehouse for Four Roses Bourbon.

"One of the things we pride ourselves as a company is being able to have a very open environment, so I think we'll be able to utilize the wide open spaces for that," says Durik.

Indatus currently has about sixty employees and when it moves to Louisville is about a year it plans on hiring additional workers as the landscape continues to change along East Main Street.