Info & Address
411 Spring Street,
New Albany, IN 47150
Groundbreaking: Dec. 16, 2015
First Units: Jan. 2017
Featuring 191 luxury apartments and 1,650 square feet of retail space, The Breakwater is set in downtown New Albany, Indiana. The project received a $3.3 million state tax credit by the Indiana Economic Development Corporation (IEDC) and includes at least two buildings and the renovation of the Coyle showroom. A recent study revealed an estimated economic impact of $30 million over a 5 year period.
“This project will help fulfill a need for increased downtown residential options in New Albany, and I’m thrilled that the IEDC and the Governor see the benefit of this project for the city – it truly is a project that I hope will be a model for other areas in the City,” stated Mayor Jeff Gahan.
Community features include upscale, resort-style amenities attractive to young professionals, including a heated luxury swimming pool with cabanas, Outdoor Movie Screen, bike storage, Pet Wash room, Fitness Club, Dog Park, and Outdoor Kitchen with grilling stations and a fire pit.
Approximately 5,500 square feet of resort-style amenity space will be housed in the revitalized portion of the Coyle Building and feature expansive, open feel high ceilings. Community features include secure resident access, leasing office, fitness club, E-lounge, large Flat Screen TV(s), Club room with Kitchen bar and seating to accommodate larger groups and a ribbon fireplace. Colorful water features help transition from inside to the outside amenity space, complete with a heated pool, pool deck and court yard, cabanas, lounge chairs, grilling stations, a fire pit, outdoor kitchen with flat screen TV(s), outdoor dining area and an outdoor movie screen. Additional features include a smart package room, bike storage and repair room and private pet spa and dog park.
The interior features of the property will include: large corridors for easy move in, all buildings will have key fob access and keyless entry to individual units. The units will include: 9 foot ceilings, 42” kitchen cabinets, granite counter tops in kitchen and bathroom, pendant lights in kitchen, wood style flooring in kitchen and entries, balconies, 2” faux wood blinds, two – tone paint, programmable thermostats and smart thermostats in select units, carpet in bedrooms, high efficiency washer and dryers in every unit, stainless steel appliances in select units with black appliances in the reaming units.
View the Construction Cam HERE to keep updated on the progress of The Breakwater