Developer Buys Former Old National Tower
A new owner has big plans for the tallest building in Evansville.
Indiana-based DOMO Development Company LLC has acquired the 18-story tower at 5th and Main streets.
Eric Doden of DOMO says the firm plans to invest $25 to $30 million in the former Old National Bank headquarters…
"First floor, our intent is to have retail space -- largely restaurants -- then you have parking on 2, 3 ,4, and 5, 6 will be an amenities space that wil serve both the residents and also serve the the community that wants to lease that space for their events, 7 and 8 will be office space, and then 9-through-18 will be residential."
The plan also includes exterior renovations.
Speaking in the empty bank lobby, on worn-out carpeting, with former bank teller stalls nearby, Mayor Lloyd Winnecke said the project will be something the city can be proud of…
"When people come to Downtown Evansville they'll see this. They're going to be energized like never before."
Winnecke thanked the team that got the deal done, including Candace Chapman, Director of the Downtown Evansville Development Corporation…
"For the last few months there has been hours around the Hafer conference table, a spike in my phone usage, unmasking false narratives about this building, pulling people back to the table when they were ready to leave, lots of spread sheets, and thanks to Jackson-Kelly hundreds of pages of legal documents."
The renovation is expected to take 18-to-24 months.