LOUISVILLE, Ky. (WDRB) — A $37 million development planned near downtown New Albany could soon bring hundreds of new housing units, retail space and entertainment options to the area.
According to our partners at Louisville Business First, the Padgett District received approval this week from the New Albany Redevelopment Commission.
Plans call for redeveloping the historic Padgett Building into 40 loft-style apartments, along with about 180 additional housing units across Bank Street, including apartments and townhome-style residences.
The project is being led by The Sprigler Co., which has been working on the development for about four years.
Renderings show the district could also feature retail and entertainment space, green space and an outdoor plaza connecting the residential and commercial areas.
Early concepts suggest potential tenants such as a coffee shop, brewery or distillery, and even a bowling alley, though final tenants have not been announced.
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