Official Groundbreaking Of New Downtown Project

The coronavirus has slowed the economy, but local officials are seeing some major development projects in the River City.

Posted: Aug 25, 2020 5:19 PM

The coronavirus has slowed the economy, but local officials are seeing some major development projects in the River City.

It's just one step closer to bringing The Forge on Main to the Jacobsville neighborhood.

House investments announcing the groundbreaking of the multi-family rental mixed-use project.

Formerly the site of the IGA grocery store, the new project will comprise of four buildings.

Opening up a new sector of housing, that is affordable, to those who don't qualify for low-income housing.

"We're providing and we're diversifying the current housing stock in Jacobsville," says Matt Gadus, House Investment." The goal is to provide housing that the employers in Jacobsville-Vectren Centerpoint Company, Deaconess, and Berry Global, their employees have an opportunity to live in Jacobsville in that 'Live, Work, Play.' We also think this $28 million dollar development that it provides the opportunity to that there will be significant additional development that follows."

Construction will get underway this fall.

Officials say they can expect everything to be done within the next 16 months.

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