First READI 2.0 Project in Evansville Region Approved

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The Dominion Mixed-Use Development to Rise in Western Warrick County

AUGUST 28, 2024

EVANSVILLE, Ind. (August 27, 2024) – The Evansville Regional Economic Partnership (E-REP), in collaboration with the Southwest Indiana Regional Development Authority (RDA), is pleased to announce the approval of a matching grant from the Indiana Economic Development Corporation (IEDC) for The Dominion, a new mixed-use development at the intersection of State Road 66 and Grimm Road. This project, the first in the Evansville Region to receive funding from the READI 2.0 program, will feature 150 market-rate apartments, a five-story commercial building with ground-floor retail and dining, and a public plaza designed for community activities.

 “Indiana, in partnership with our regions statewide, is making unprecedented investments in our local communities to improve the lives of Hoosiers today and tomorrow,” said Gov. Holcomb. “In Southwest Indiana, READI is creating new, centrally located community destinations that add modern opportunities to live, work, study, play and stay. I’m confident the impacts of The Dominion and of READI 1.0 and 2.0 will create lasting positive changes in Warrick County, making southwest Indiana a premier high-quality of place for business, talent and families to grow for generations to come.”

Located along the Warrick Wellness Trail and near the upcoming Ohio Township Park, The Dominion will further enhance the area’s growth and accessibility to recreational spaces.

“The Dominion builds on the momentum started with Ohio Township Park, a READI 1.0 project, and the investment Warrick County has made in the Wellness Trail,” said RDA President Beth McFadin Higgins. “This development will connect new residents to employment opportunities, recreational amenities, shopping, and dining.”

Phase one of The Dominion will include:

  • 150 contemporary high-amenity market-rate apartments.
  • A five-story commercial building with ground-floor restaurant and retail spaces.
  • An outdoor community area linked to the Warrick Wellness Trail, offering a space for events and activities.

Architectural and engineering work will begin this autumn. Construction of phase one is scheduled to begin in September 2025, with completion in summer, 2027.  The $71.5 million live-work-play development is primarily funded by private developer contributions, with additional support from a $5 million READI 2.0 grant and $8.46 million in TIF support from Warrick County. Phase two of the project will bring additional residential units, a hotel, and more restaurant and retail spaces.

“Southwestern Indiana is eager for a live-work-play mixed-use development that brings a big-city vibe,” said Scion Real Estate Development Managing Partner Philip Rawley. “With its prime location near Interstate 69 and connectivity to the entire region, The Dominion aligns with Warrick County’s growth strategy and will attract both residents and businesses.”

“This investment will enhance the quality of place and opportunity throughout our region, especially with its high-quality, contemporary design,” said Josh Armstrong, Chief Economic Development Officer at E-REP. “I expect the available homes and commercial spaces to lease up quickly, and I look forward to Scion Real Estate announcing phase two of The Dominion shortly.”

 

 

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