CLARKSVILLE, Ind. (WDRB) — A developer is asking the town of Clarksville, Indiana, for financial help to build a $21 million mixed-use development near the iconic Colgate Clock.
The Cornerstone Group plans to build Main + Clark at Main Street and Clark Boulevard, across from the former Colgate-Palmolive plant.
Plans call for 69 apartments and 20,000 square feet of commercial space. The first floor would include between 10 and 18 retail spaces, with studio, one- and two-bedroom apartments on the three floors above.
Developers are asking Clarksville for a tax credit to help finance the project. An exact amount has not been announced.
Main + Clark would be the latest development to reshape an area that once centered around the Colgate-Palmolive plant.
For decades, the plant brought thousands of workers to Clarksville. It closed in 2008, leaving the massive property and its iconic clock behind.
Now, new apartments, businesses and recreational spaces are filling in around it.
John Flodder, a partner in Goodbounce Pickleball Yard and 1020 Brewing, said the Colgate Clock helps draw his businesses to the area.
"It’s a great landmark, especially when we’re trying to tell people where we are," Flodder said. "...We can just say we're right in front of the Colgate Clock, directly across the Second Street Bridge."
Cornerstone Group is also behind Bolt + Tie, a mixed-use development a few blocks south with apartments, office, restaurant and co-working space.
Main + Clark would sit between some of that recent development and the former Colgate campus, where an even larger transformation is planned.
The $500 million Clockworks project calls for redeveloping the former Colgate-Palmolive property with a hotel, conference center, restaurants, courtyards and a sports complex.
"Clarksville doesn't always get the attention, and we are starting to with some of the investment," a Clarksville Economic Development representative said.
Developers previously said they hope to break ground on Main + Clark this year and finish the project in 2028. The financial request is the latest step in moving the project forward.
Flodder said he's already seeing more businesses and people move into the area.
"I can't wait until the streets are having markets and bustling," Flodder said. "I'm super excited about this development getting completed."
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