Underground Station helps restore Main Street in New Albany - wave3.com-Louisville News, Weather & Sports

Underground Station helps restore Main Street in New Albany

Underground Station, located on Bank and Main Streets, is a project two years in the making. (Source: WAVE 3 News) Underground Station, located on Bank and Main Streets, is a project two years in the making. (Source: WAVE 3 News)
Ronald Carter (Source: WAVE 3 News) Ronald Carter (Source: WAVE 3 News)
Mike Sajaja (Source: WAVE 3 News) Mike Sajaja (Source: WAVE 3 News)
Mayor Jeff Gahan (Source: WAVE 3 News) Mayor Jeff Gahan (Source: WAVE 3 News)

NEW ALBANY, IN (WAVE) – Bringing downtown back to the way it used to be. The city of New Albany is celebrating as continued development gives old buildings new life.

Underground Station, located on Bank and Main Streets, is a project two years in the making. Now the developer, Carter Management Company, LLC, says it is fully leased. It’s that same momentum they are seeing throughout downtown.

“We wanted to create a destination or an event place in New Albany,” Louisville developer Ronald Carter said.

Carter has had his eye on Main Street for a while and said, he knows he's not alone.

“In two or three years, you won't recognize New Albany,” Carter said. “There's outside money coming here and all of sudden it's tough to buy a place here anymore because people see what this is going to become.”

His most recent project, Underground Station, is now home to multiple shops from a barber to olive oils, clothing boutiques and outdoor gear. Three apartments sit above the retail.

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“That's what we like to do, we like to bring new entrepreneurs into the city,” Carter said.

The latest tenant, Aladdin's Cafe, moved over from its original spot on Market Street.

“There's nothing else in this area compared to this,” owner Mike Sajaja said. “It's a beautiful location.”

Sajaja, the owner of the Mediterranean and Middle Eastern restaurant, said the outdoor courtyard was a huge selling point.

“Since we opened in 2013, we've seen so many businesses open up all over the place,” Sajaja said.

It’s a trend Mayor Jeff Gahan said will only continue as more people move to the city, especially once a luxury apartment complex opens on Spring Street. 

“It creates a great opportunity and a lot of excitement for people and it takes away some of the risk of investing in New Albany when we have some of these new residents moving in,” Gahan said.

Restoring Main Street while celebrating a community's past and future.

“We want people to live in New Albany and do business in New Albany and there is lots of opportunity here,” Gahan said.

WATCH: Katie Bauer’s report

The oldest portion of Underground Station dates back to the 1830s.

Carter Management Company, LLC is currently renovating a house for retail on Third Street.

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