Home General News The Post House, A $42-Million Mixed-Use Development In Downtown Evansville, Officially Opens

The Post House, A $42-Million Mixed-Use Development In Downtown Evansville, Officially Opens

3
(EVANSVILLE, IN August 3, 2020) – The Post House, a $42-million mixed-use development in downtown Evansville, officially opens its doors yesterday with a ribbon-cutting ceremony. The Post House is one of 19 projects that received funds from Indiana’s Regional Cities Initiative created in 2015. The luxury apartments enhance the livability and vibrancy of downtown Evansville; and, is built on connectivity, convenience, and sustainability.
Scannell Properties, one of the country’s premier real estate developers, partnered with Vectren, a CenterPoint Energy company, to develop the Post House. The apartments feature smart energy appliances and home automation enabling new research into technologies that help customers manage their energy use and integrate emerging renewable resources. The products highlighted include rooftop solar panels, various smart appliances, and internet-connected home automation features, plans for electric vehicle charging stations, and ultra-efficient natural gas and electric heating and cooling systems.
“Vectren, a CenterPoint Energy company, is proud to be a part of this project and to lead in the development of new technology in the multi-family space,” said Lynnae Wilson, Chief Business Officer for Vectren’s Indiana Electric Utility. “The Post House is a valuable opportunity for us to learn more about evolving energy trends so we can best serve our customers and our community.”
“The Post House is truly a transformative project for Evansville and the entire southwest Indiana region,” said Indiana Secretary of Commerce Jim Schellinger. “This mixed-use development combines the best elements of the Regional Cities Initiative, offering quality housing and retail space that will contribute to the growth and livability of the downtown area while providing a hub for the advancement of new smart energy technologies.”
“It is not often that developers have the opportunity to work on projects that actually change how we live,” said David Ravensberg, Partner at Scannell Properties. “Scannell pursued an investment in the Post House due to the caliber of partners and the clarity of the community’s vision for downtown Evansville.”
“By giving more individuals the opportunity to live and thrive in downtown Evansville, we strengthen the core of the city and foster an environment for increased collaboration”, said Beth McFadin Higgins, president of the Southwest Indiana Regional Development Authority. “The use of smart appliances puts Indiana’s Great Southwest at the forefront of innovation.”
“The Post House becomes a template for a future mixed-use development for Evansville and Southwest Indiana,” echoed Lloyd Winnecke, Mayor of Evansville. “What’s really exciting is that the Post House is already 50 percent leased, which is well beyond our expectations.”
Due to COVID-19 restrictions, the ribbon-cutting ceremony will be by invitation only for selected guests and media. A video overview of the project and event will be released to the public. Apartment floor plans and leasing information can be found at posthouseevv.com or by calling (812)-308-4197.
###
About the Economic Development Coalition of Southwest Indiana
The Economic Development Coalition of Southwest Indiana acts as the marketing arm and regional economic development organization for Gibson, Posey, Vanderburgh, and Warrick Counties in Southwest Indiana. The Coalition works with its local county economic development organizational partners to facilitate attraction-based activities and support efforts to enhance the business climate through regional capacity building. Since its formation in late 2006, the Coalition has helped to secure over $3.2 billion in new investment and 4,213 new jobs from existing and new companies, such as Haier America, Berry Global, Mead Johnson, Toyota Boshoku, Midwest Fertilizer Corporation and AT&T.
Another important aspect of the Coalition’s multi-faceted job description is helping the communities it serves build new capacity for future development. The Coalition has helped secure over $118 million in grants for such things as expansion of water and sewer systems, building new community centers and making improvements to the region’s levee system, which protects thousands of acres.

RELATED ARTICLESMORE FROM AUTHOR

3 COMMENTS

  1. I couldn’t find the prices for the “luxury apartments” in the press release. Will this help the downtown like closing off Main Street did with the government building in the 60’s?

    • I love it. The Post House is an example of wonderful collaborative, pro-business policy at work.

      Government that actually helps CREATE jobs.

      This is what being a Conservative Republican means.

      NOT LOSING JOBS.

      NOT destroying our economy like 33% declines in GDP.

      • Finally some sanity here.

        We need to restore our Country.

        I have never seen darker times than today under Trump.

        The Post House Development is wonderful work, and it makes me proud.

Comments are closed.