New mixed-use development planned for Clarksville
CLARKSVILLE, Ind. (Inside INdiana Business) — A Kentucky-based real estate development firm has announced plans for a mixed-use development in Clarksville. Denton Floyd Real Estate Group says Current812 will include 200 luxury apartments and townhomes, as well as a rooftop restaurant and nearly 10,000 square feet of retail space.
The project will also feature a 238-space parking deck for residents and retail customers. The firm says the project will build on the town’s burgeoning riverfront community, which recently marked the opening of the $22 million Bolt + Tie development.
The overall cost of the project is not yet being disclosed. Denton Floyd says the project is estimated to support nearly 300 direct construction jobs and create 18 indirect jobs. Additionally, the commercial component of the project is expected to generate 40 retail and food and beverage jobs.
“South Clarksville is southern Indiana’s newest field of dreams and there has never been a better time to start a business here,” said Clarksville Town Council President Ryan Ramsey. “The Town of Clarksville is thrilled to see this long-term vision of creating a downtown finally coming into fruition. Exciting times lie ahead as the momentum continues to build for more top tier developments.”
The proposal for the project has been presented to the Clarksville Redevelopment Commission, which will consider a final project and development agreement later this month. If approved, construction on Current812 is expected to begin in November with leasing slated for September of 2023.