New shops, restaurants and a hotel headed to Jeffersonville - WDRB 41 Louisville News

New shops, restaurants and a hotel headed to Jeffersonville

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JEFFERSONVILLE, Ind. (WDRB) -- New stores, restaurants and a hotel are coming to Jeffersonville.

Across from the "Welcome to Jeffersonville" sign, you'll see the beginnings of the proposed Gateway Project. The plans were just finalized.

The Redevelopment Commission selected developer Keystone Realty Group out of Indianapolis, who put in a bid for $1.1 million.

Click HERE for a description of the project.

"I think what drew interest to the commission members is they're an all-cash developer, no financing needed," said Jeffersonville Mayor Mike Moore. "They have the money to do it."

The property, full of high grass, is located at the corner of 10th Street and Spring Street on 10 acres. It's expected to include a high-end hotel, retail space, sit-down area and fast food restaurants.

Local businesses see this plan as a sweet deal.

"I think it's going to be really positive for the City of Jeffersonville," said Morgan Coomer, owner of Sweets by Morgan. "That land has been kind of vacant and not used for so long. It'll be nice to see businesses there and thriving."

Sweets by Morgan has already seen the cupcake and cake business increase because of the Big Four Bridge and expects even more foot traffic with the new development.

"I think it's also going to help the Downtown part, closer to the river because we've been trying to grow Downtown Jeff forever, and it's slowly making its way there and that seems like it's going to make lots of progress quickly," Coomer said.

The south end of the Gateway Project is expected to include an open area that can be used for storm water retention and can be landscaped as a public open space. Expect to see the project completed in two phases, each lasting one year.

"I think with this development, we're looking at $1 million a year in new tax revenue that is going to enter in the City of Jeffersonville," Moore said. "That's money we can pave streets with, hire officers."

Construction is expected to start in the Fall with a groundbreaking ceremony.

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