CLARKSVILLE, Ind. (Inside INdiana Business) – A new mixed-use development project is underway in Clarksville. Indianapolis-based Elevate Office Suites says the new $22 million Bolt + Tie project will feature luxury apartments and commercial space, creating southern Indiana’s first live-work-play community.
The community is expected to open next spring with pre-leasing slated to begin this fall. Elevate Office says it will join the site in 2021.
“Woerner Avenue is a historic street and the former home of some of Indiana’s first institutions, such as the American Car & Foundry and Indiana’s first reformatory,” said A.D. Stonecipher, Clarksville Redevelopment Commission president. “After sixteen years of dormancy, we are proud to invest Clarksville’s TIF District revenues in the Bolt & Tie property, a name that hearkens back to the avenue’s past success in the train car industry.”
The project is being developed by Jeffersonville-based Cornerstone Group with project partners Envoy Inc. of Indianapolis. Plans call for apartments, restaurant space, office space, and shared live-work amenities.
Elevate Office says its portion of the development will include 46 office suites, 23 salon suites, 12 ground floor micro-commercial spaces and a co-working space.
“Elevate Office brings opportunity to small businesses and entrepreneurs by creating vibrant workspaces with the utmost in flexibility,” said Scott Baldwin, president of Elevate Office Suites.
Bolt + Tie is the latest development at Water Tower Square. The 28-acre mixed-use business park with over 30 tenants and 500 employees. The project joins plans for a nearby Aloft Hotel, and the town of Clarksville is investing more than $6 million in infrastructure improvements.