Evansville, IN- The group of investors purchasing 420 Main in Downtown Evansville are set to acquire the Sycamore building.
Developers have plans to demolish Evansville's tallest building to make way for a new six-story mixed-use building. They have plans to take the Sycamore building down, too.
It will be replaced with a four-story building featuring commercial and office space as well as residential units.
The investors are hoping to receive more than 18 million dollars in redevelopment tax credits from the state.
Should the credits and financing be approved, demolition on 420 Main will begin by the end of the first quarter of 2021.