The Reisz building on Main Street in downtown New Albany was built in 1852 and has been vacant for decades.

It was once a flour mill, Kraft Funeral Home, M. Fine & Sons shirt factory, Reisz Furniture and Schmitt Furniture Company, but the City of New Albany will soon start to restore and transform the historic building into its new city hall.

“This building has been in disrepair and vacant for almost 40 years,” New Albany Mayor, Jeff Gahan said. “If you look at the outside of it, it's pretty rough.

“It's a historic preservation project. The building was built in 1852, so we are thrilled about bringing it back to life."

The renovation will triple the size of the current city hall, which is owned by the New Albany Floyd County Housing Authority and has cost the city $4.6 million to rent space on the third floor for the last 60 years.

“Right now, we pay rent. It's about $25 per square foot," Gahan said. "We will be moving [into the Reisz building], and it will be a little over $11 per square foot."

The city will eventually own the Reisz building, and the move will bring all city operations under one roof.

“It eliminates a blight that's been in the downtown district for many, many years, and it also provides a much bigger space for city hall here,” said Brandon Denton, co-founder of Denton Floyd Real Estate Group. 

The construction is scheduled to be done by spring 2019.

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