The Icon Building as we know it now, has been gutted and is on its way to providing another service to Terre Haute residents.
The building has a rich history.
It once housed the American Can Company, then Pillsbury, then it became the Icon Building.
The building was full of activity Thursday afternoon.
Nearly 500 people got a first look at the Riverfront Lofts.
This $20 million dollar transformation is still in it’s early construction stages.
Pretty soon it will house 166 market rate apartments right on the river.
Investors and potential tenants agree, this is could be a bigger benefit to Terre Haute.
“It’s nice to see it retro-fitted and it makes things more affordable I feel,” says Mitchell McCord.
McCord’s a college grad working three jobs.
He’s pursuing the pharmaceutical industry and looking for a place to call home.
“Well, I definitely feel that it’s not a step in the wrong direction,” says McCord. “It’s a step in the right direction to have more living spaces, more options for people when they’re choosing apartments to live in. Something right next to the river.”
The Wabash River plays an integral part in Riverscape working hand in hand with core redevelopment to create a space that utilizes what Terre Haute has to offer.
“There’s a lot of people in Terre Haute that have felt that the river was under-used, un-utilized for a long time,” says Eric Seal, with Core Redevelopment. “It’s a $20 million dollar investment on the river. It can’t help but spur development. I don’t know how long that’ll take, but I think it’ll happen.”
2-by-4’s, electrical wires, construction machinery and gutted floors will soon transform the old Icon Building into Riverfront Lofts.
It’s a change that both investors and potential tenants agree will help stimulate the economy and improve image of the community.
“Terre Haute’s tried to develop it’s industrial base and it brings employers in all the time,” says Seal. “When people leave, they’ll have a different impression of Terre Haute. I think it’ll just put another mental impression in their mind that they might not have had.”
The apartments won’t be open until late summer next year.
By that point, it won’t look like a construction project, but potential tenants say, it’ll be an inviting element to enrich Terre Haute.