New Albany is ringing in the New Year with new economic growth. This month, residents started moving into The Breakwater, the 200 unit downtown apartment development in downtown.
City officials are about as excited as the residents settling into their new home. They’re hopeful with so many people moving into downtown it will grow new restaurants and businesses nearby.
“Residents fuel economic development and that’s really what it’s all about,” Mayor Jeff Gahan said.
The Mayor knew after The Breakwater’s groundbreaking at the end of 2015 that getting hundreds of new people living downtown was huge for business growth. This month, it started becoming a reality as apartments start filling up at The Breakwater.