First READI 2.0 Project in Evansville Region Approved
EVANSVILLE, Ind. (August 22, 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 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 in the near future.”
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About the Evansville Regional Economic Partnership
The Evansville Regional Economic Partnership (E-REP) leads economic development efforts for the Evansville, Indiana region and elevates the overall quality of life through transformational projects, planning, advocacy, and business engagement. Additionally, E-REP supports the attraction, startup, and growth of regional businesses.
About the Southwest Indiana Regional Development Authority
The Southwest Indiana Regional Development Authority (RDA) was established in 2015 through a joint ordinance by four counties to apply for and manage $42 million from the Regional Cities Initiative. This success laid the groundwork for securing a $50 million Regional Economic + Acceleration Development Initiative (READI) award in December 2021. As the applicant and fiscal agent for READI, the RDA is responsible for implementing the Regional Development Plan (RDP). Governed by a five-member board representing Posey, Gibson, Warrick, and Vanderburgh counties, as well as the City of Evansville, the RDA functions as a quasi-governmental entity. The Evansville Regional Economic Partnership (E-REP) oversees the administration of the region’s initiatives on behalf of the RDA.
