The face of State Street may soon be changing.
Developer Pat Kelley revealed changes to a plan — known as Summitt Springs — to the New Albany Redevelopment Commission on Tuesday that calls for a $200 million development that includes two office buildings, a parking garage with a roof-top pool, restaurants, extended-stay hotel and upscale condominiums.
Kelley is seeking to amend his Planned Unit Development from its original version
Kelley has joined forces with Louisville developer Norm Risen to develop the site, which would be located behind the strip mall which houses Tucker’s and would extend on both sides, totaling 64 acres. Of that, 18 acres would include walking paths.
The upscale condos would be priced at $500,000 and upward. The development would be entered off State Street.
The developer hopes to begin the commercial end of the development next year.
In other redevelopment action Tuesday:
• The city has received good news from the Indiana Department of Environmental Management when it comes to the CCE Inc. property at 2045 Silver St. IDEM’s study showed that water contamination was contained to the site and did not present any threat or danger to neighboring property owners.
Director of Community Development Carl Malysz confirmed that the city is hoping to purchase the property, which also once housed Hoosier Panel.
The city wants to buy the property for light industry.
“We would have control of the property,” he said. “We want to help the neighborhood.”
Malysz said several environmental tests were completed on the site.
• New handicap-accessible sidewalk ramps will have to be added at the intersection of Daisy Lane and Green Valley Road, which will add an additional $10,000 to the project. All four corners of the sidewalks will have to be built under new Americans Disabilities Act guidelines.
• The commission also agreed to move forward with possible reconstruction plans for Rainbow Drive and the Slate Run Road sidewalk project.
• The commission decided to allow the city to market the Baptist Tabernacle and Shrader Stables.
Floyd County
June 10, 2009
State Street facelift in New Albany?
Development would include condos, restaurants
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Most area graduation rates above state average
According to a release from IDOE, Indiana’s state graduation rate came in at 85.7 percent. About 45 percent of high schools met or exceeded the 90 percent mark and 83 percent graduated 80 percent of their seniors or more.
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Several members from the audience also questioned other financial matters of the city, and whether the council was aware that Gibson received health insurance as city attorney under England though it had been stated by the previous administration his contract did not include medical benefits.
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Most area graduation rates above state average
