The Indiana Economic Development Corp. has approved $5 million in Regional Cities Initiative funding for the redevelopment of the downtown Evansville YMCA. The more than $27 million project also includes an affordable housing development known as Central Lofts.
Developers are planning to break ground on the new YMCA facility, located in the 200 block of 6th Street in Evansville, next fall with construction expected to be complete by the end of 2018. The Central Lofts will be developed within the 1913 YMCA building, work for which will begin once the new YMCA is complete.
"The Evansville Downtown YMCA is excited to be one of the projects included in the Regional Cities Plan," said Derrick Stewart, chief executive officer of YMCA of Southwestern Indiana. "With the improvements to the downtown campus, this project will help serve as a valued amenity to our current members as well as the projected thousands of future residents to downtown."
Central Lofts will feature 60-65 units. In its original proposal, the Southwest Indiana Regional Development Authority said the housing could be oriented toward students at the Indiana University School of Medicine.