Sunday, May 24, 2009

Business First says let's hear it for...

A revitalized downtown New Albany — Like many cities of its size, New Albany has been searching for years for a way to revitalize its downtown. Empty storefronts and under-utilized buildings give witness to a once vibrant downtown that lost out to suburban sprawl.

Downtown New Albany received a shot in the arm last year with the opening of a new YMCA and a city-owned aquatic center. Now a group of investors have plans for a $45 million development featuring condominiums, shops, a boutique hotel and a parking garage on a Main Street block.

The partners in New Albany Horizons LLC have a successful track record of redeveloping historic buildings in New Albany. The planned 210,000-square-foot development would be their most ambitious project yet.

There are a lot of unique challenges to doing a downtown development, whether you’re talking about a city the size of Louisville or one as small as New Albany.

Downtowns should be the hubs of their extended communities. We wish the New Albany Horizons partners good luck in making their vision come true.


Thanks to R for the tip.

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