Site Adjoins $90m Development

Downtown New Albany property adjoins the newly proposed approximate $90 million dollar mixed use development as part of the READI Program. Opportunity ahead as more than 224 apartments, market space, possibly brewery, distillery, retail, restaurants and more entertainment is proposed and will soon take shape in what is the proposed Padgett District. This former veneer processing plant, light manufacturing just shut down their operation (1939 thru 2025) and have sold the business and inventory. This property includes (26) private off street parking spaces, approximately 41728sf of space in the multi-story main bldg at (3 levels). You can explore the needs of Downtown as the area continues to grow and thrive. Contact listing Broker for private tour with 48 hours notice for confirmation. See Exhibit A for demonstrational view (Buyer to verify all information).

Property adjoins the approved and proposed Padgett District. Potentially a $90 million dollar market, residence and entertainment development. Only 2 major projects were approved with the READI Program (Regional Economic Acceleration and Development Initiative) in our region and the Padgett District is one of the 2. The adjoining property could add to the proposed development. You just need to apply your creative mind and bring something new and exciting to Downtown New Albany.