The tallest and one of the most recognizable buildings in downtown Evansville appears to be facing demolition with the land being converted into a multi-use development.
Our partners at WEHT-TV report developers unveiled new plans Tuesday which call for the removal of the old 420 Main building, replacing it with apartments and offices.
“I think all of us would have preferred to be able to renovate and repurpose old Old National Bank building,” said Jeff Justice of Hafer Design.
But the building’s current owners say the cost to renovate the 18-story building is too expensive.
Indianapolis-based Domo Development Co. presented new plans which include the construction of a six-story and a four-story building. Domo acquired the 420 Main Building in September 2019 and originally planned to renovate the high-rise.
Now, plans call for imploding the tower, constructing 127 apartments and developing tens of thousands of square feet of office and retail space.
“You are not working within the confines of an existing footprint. So, we were able to rightsize the project to accommodate the apartments in an efficient way, to accommodate the retail and restaurant space in the best way,” said Justice.
WEHT reports the Sycamore building on the same block is also expected to be coming down.
To watch the report, click here.