CLARKSVILLE, In. (WAVE) - Plans are in the works for development in the former Colgate plant.
Dylan Fisher, Redevelopment Director for Clarksville, detailed some of the plans to WAVE 3 News on Wednesday.
Clarksville set standards for a portion of the site, left two main master plan areas and left it open to development.
There are a total of four phases of development ahead, with the first to commence later this year. Phase one of the development plan includes Aloft Hotel, a proposed office, multi-family living spaces and a variety of commercial users, according to Fisher.
"It’s a name brand. It’s a game changer for southern Indiana and for Clarksville,” Fisher said.
The site is around one million square feet - 750,000 of which are considered historic structures, according to Fisher.
“It’s going to give our residents that piece of pride. That place to take their out of town guests, friends and family when they come to town, and give them a place to be proud of,” Fisher said.
Following phases are set to include other residential, office and commercial spaces.
“It’s not going to be instant. It’s going to be gradual and incremental,” Fisher said. “We’re excited about getting it off the ground, about finally seeing it to this point, but we also know it’s a long road to implementation still.”
Clarksville officials teased plans for a transformation back in 2016, saying the industrial area near the Colgate clock had the potential to be more.
Colgate closed in 2007.