Fifth and Main construction will start in May. When will the apartments be finished?

EVANSVILLE — The massive hole on Main Street won't be filled for another two years, but developers have a tentative start date for construction.

Work should start in May, CRG Residential Director of Development Ross Merder told Evansville's Design Review Committee during a March 12 meeting. From there, the build will take two years, meaning The Vault, located at 424 Main Street in Downtown Evansville, will be complete in 2026.

The project is currently in site review, which is the process where permits are approved for the development.

This timeline has construction set to start about three years after the tower at 420 Main St. was demolished. The former Old National Bank headquarters was housed there from 1970 to 2004. After ONB left, the building deteriorated, and efforts to rehabilitate it did not materialize.

Matt Wallace with Morley Corp, the civil site designer on the project, said the project will be a four-story building with 161 apartments and commercial tenant space on the Main Street side of the main floor.

The lot where the 18-story 420 Main Street tower was imploded and the Sycamore building was removed sits empty in Downtown Evansville, Ind., Tuesday morning, Nov. 28, 2023. This is the future home of the Fifth and Main mixed-use development.
The lot where the 18-story 420 Main Street tower was imploded and the Sycamore building was removed sits empty in Downtown Evansville, Ind., Tuesday morning, Nov. 28, 2023. This is the future home of the Fifth and Main mixed-use development.

There will be a lower-level parking garage, and an interior courtyard with landscaping and a pool, he said.

Regarding construction, Wallace told the Design Review Committee all the sidewalks around the site will need to be demolished and repoured. But there are no full road closures planned, he said.

The plan for any partial closures is still being developed with the City Engineer's office, Wallace said. There likely will be temporary lane closures, and some of the parallel parking on Sycamore Street will need to be closed.

There will also be a pedestrian traffic plan finalized as well to help people traveling on foot in the area.

This article originally appeared on Evansville Courier & Press: When will work on 420 Main in Evansville start?