All posts by : One Southern Indiana

JPAR Aspire Real Estate Informative Lender Panel for community on Thursday, January 19th from 4:00-6:00 pm at 1829 East Spring Street, New Albany, Indiana

As a licensed Realtor when working with buyers one of the first steps is to determine how they plan to pay for the property they want to purchase.  No matter if it is the buyer’s first home or if they have purchased several,  there are always questions about the finance piece.  If a buyer is planning to obtain a mortgage,  finding the right lender with the best loan programs available to help the buyer with their financing needs is critical.  At the JPAR Aspire Lender Panel, buyers will have the opportunity to ask specific questions they have about obtaining financing and they will learn about specific loan products each lender has that may benefit their specific lending needs.  One of the biggest challenges for many buyers is saving the funds needed for the down-payment.  Buyers that prepare in advance generally feel less stressed during the home buying process.  Understanding in advance the types of documents they will need to gather, as well as understanding the time frames and costs involved in the process all help to make the process smoother and easier for all parties involved.

Housing costs continued to gain in November but a decline in overall inflation could be a good sign for would-be buyers priced out of the housing market by higher mortgage rates. Weekly 30-year fixed mortgage rates gauged by Freddie Mac rose as high as 7.08% in October and November. At an average 6.33% last week, the 30-year fixed rate has come down significantly since then, though the rate is still well above the 3.1% rate one year ago. “Low inflation means a less aggressive Federal Reserve,” said Lawrence Yun, the National Association of Realtors’ chief economist. “So, today’s decelerating consumer price inflation will mean lower mortgage rates.”

The community is invited to the upcoming educational JPAR ASPIRE  LENDER PANEL – THURSDAY, JANUARY 19th from 4:00-6:00 PM. If you are interested in purchasing a home, some land or investing in real estate, this is the event for you. JPAR Aspire has four professional lenders who will be speaking about various lending topics and the floor will be open to questions after their presentations. Appetizers and beverages are provided and be  sure to stick around for the door prize giveaway! This is a FREE event but registration is required as seating is limited. Appetizers and beverages are provided. Seating is limited and RSVP is required. Reserve your FREE ticket at https://lendarpanelevent.eventbrite.com   before they are gone.

Steven Demuth, Ruoff Mortgage

Tim Handley, Smith Broady Associates

Jennifer McKinney, Mortgage Warehouse

Conner Welch, Rural 1st Mortgage

You will hear from the following lender panelists each speaking about a different topic:

* Connor Welch, Rural 1st  Mortgage Loan Officer (NMLS 1763258)- Lot and Land Program

* Stephen DeMuth of Ruoff Mortgage,  Louisville Branch  (NMLS 1946856 ) – VA Loans

* Jennifer McKinney of Mortgage Warehouse (NMLS 106135) – HomeReady and Home Possible conventional loan financing

* Timothy Handley of  Smith Broady & Associates, Inc. (NMLS 2054381) – Down Payment Assistance Program

This is a FREE event but registration is required as seating is limited. The Lender Panel event is held at the JPAR Aspire office located at 1829 E. Spring St Suite #101, New Albany, IN 47150 and is hosted by Julie Gamble, owner/Broker of JPAR ASPIRE  Real Estate. For additional details, contact our office at 812 -725-7878  or visit our website at www.jparaspire.com

LOUISVILLE, Ky. (Jan. 3, 2023)—Stites & Harbison, PLLC announced today that seven attorneys have been promoted: five to Member (Partner) and two to Counsel. The promotions are effective January 2023. The new Members (Partners) include:

Ann Ralls Brown – Nashville, Tenn., office – Family Law Practice
Brown concentrates her practice in the area of Family Law. She assists clients with domestic and family legal matters, including, but not limited to, prenuptial and postnuptial agreements as well as divorce and post-divorce matters involving issues of child custody, child support, alimony, and financial and property disputes.

Ashley N. Goins – Nashville, Tenn., office – Family Law Practice
Goins has a diverse practice, including domestic relations, business litigation, and torts and insurance defense. Her domestic relations work centers around Tennessee Family Law and International Family Law, including litigating international child abduction cases through the Hague Convention.

Robin E. McGuffin – Lexington, Ky., office – Torts & Insurance Practice Service Group and Employment Law Service Group
McGuffin’s practice includes a wide variety of litigation matters, including but not limited to, complex business disputes, non-compete and trade secret claims, employment discrimination and retaliation claims, product liability, major accidents and appellate advocacy. She also counsels employers on compliance issues and assists with drafting and implementing employment policies and procedures.

Andrew Battle Sanders – Memphis, Tenn., office – Business Litigation Service Group
Sanders represents parties in business law and litigation, probate, and estate planning. He regularly advises regional and national clients on matters regarding general business, financial services and commercial real estate.

Chelsea Stanley – Jeffersonville, Ind., and Louisville, Ky., offices – Torts & Insurance Practice Service Group
Stanley’s practice focuses upon defending complex product liability and aviation claims and the resolution of commercial disputes. She also serves as counsel to local municipal and business entities and fiduciaries.

The new Counsel include:

Katie M. Glass – Lexington and Frankfort, Ky., offices – Business Litigation Service Group and Creditors’ Rights & Bankruptcy Service Group
Glass represents clients before the Kentucky Public Service Commission on a wide variety of regulatory and administrative law matters. Her practice also includes creditors’ rights and bankruptcy matters, including foreclosure lien defense, replevin, collections and creditor representation in bankruptcies.

James Hayne – Louisville, Ky., and Alexandria, Va., offices – Intellectual Property & Technology Service Group
Hayne’s practice focuses on patent preparation and prosecution, both foreign and domestic. He has extensive experience prosecuting utility patent applications covering a wide range of subject matter including electronic hardware and software, consumer goods and manufacturing equipment. He also has experience prosecuting design patent applications for ornamental products such as home goods, children’s toys, and soft goods such as bags and blankets. He is a Registered Patent Attorney.

About Stites & Harbison

Stites & Harbison, PLLC is a nationally recognized, full-service law firm. With 11 offices across six states — Kentucky, Georgia, Indiana, Ohio, Tennessee and Virginia — the firm represents clients across the United States and internationally. Tracing its origins to 1832, Stites & Harbison is known as a preeminent firm managing sophisticated transactions, challenging litigation and complex regulatory matters on a daily basis. For more information, visit www.stites.com.

One Southern Indiana would like to thank the following members for renewing their membership during the month of December 2022.

Proposal estimates an investment of more than $226 Million into Clarksville’s new Downtown.

CLARKSVILLE, IN (December 21, 2022) – The Clarksville Redevelopment Commission (RDC) selected the firm that will be tasked with developing the next section of Clarksville’s new downtown area.  Several developers submitted proposals for developing three blocks in South Clarksville, which total nearly eight acres.  After much consideration, the Redevelopment Commission voted Tuesday evening to select Denton Floyd Real Estate Group to lead the project.

The properties to be developed are just a small portion of the 24-acre Marathon property which was purchased by the Town of Clarksville in 2020.  Since that purchase, the area has seen tremendous growth in the area with the opening of the Bolt + Tie mixed-use community, as well as the Current812 luxury apartments which are currently under construction.

“The region’s top developers continue to choose south Clarksville for their new developments,” said Clarksville Town Council President Ryan Ramsey. “Momentum keeps building, exciting times lie ahead for our community.”

Denton Floyd’s plan calls for building two additional mixed-use luxury apartment complexes, with retail on the first level, and apartments and townhomes on the upper levels.  The proposal includes amenities such as a resort-style heated pool, outdoor common areas with fire pits and grilling stations, a pet park and pet spa, 24-hour fitness center, a business center, bike repair and storage area, and electric vehicle charging stations.

“We at Denton Floyd Real Estate Group are honored to have been selected by the Clarksville Redevelopment Commission to acquire and construct three separate mixed-use projects as a part of the Town of Clarksville’s redevelopment master plan in South Clarksville,” said Brandon Denton, Co-Founder, and Partner at Denton Floyd Real Estate Group. “Through our partnership with the Town and Hogan Real Estate, we are confident that these developments will add tremendous value to the surrounding community and further the Town’s progress in creating an active and thriving downtown district.”

Although this is just the beginning of a long development process, Denton Floyd’s proposal calls for construction on the first site to begin in late 2023, with an opening in late 2025.  Construction on the second site is estimated to begin in late 2026 with an opening at the end of 2028.  However, area residents must keep in mind that this is only a tentative schedule.

No timeline has been set for the third property as it will be developed last, and the use of the property is still in question.  Denton Floyd’s proposal calls for the land to be developed into a 198-room luxury hotel and convention center, with a rooftop restaurant, resort-style heated pool with poolside bar, 24-hour Fitness Center, and a therapeutic day spa.

In total, the proposal cites more than $226 Million in combined private and capital investment between the three sites.  As for next steps, Denton Floyd will need to finalize a development plan for the sites and take them to Clarksville Planning Commission for approval.

“We still have a long way to go before crews can break dirt on this project, but we are excited to take the next step in building a new downtown our residents can be proud of,” said Clarksville Communications Director Ken Conklin. “We look forward to what Denton Floyd will be able to accomplish in South Clarksville.”

About Denton Floyd Real Estate Group

Founded in 2008, Denton Floyd Real Estate Group, located in Louisville, Ky., is a full-service real estate firm with construction, property management, and development divisions. With over 5,000 units under management or development in Kentucky, Indiana, Florida, South Carolina, Ohio, and Tennessee, Denton Floyd offers superior service and a quality product to its clients and residents.

Third expansion in as many years projected to bring up to 50 new jobs to area 

NEW ALBANY, IN (December 15, 2022)  Southern Indiana’s economic momentum shows no signs of slowing, as Northwest Ordinance Distilling, a distilled spirits bottling facility, announced its intention to once again expand its production facility in New Albany, IN.  The former General Mills Pillsbury plant, located at 707 Pillsbury Lane, was purchased in June of 2018, with a $39.5 million expansion in 2020 that resulted in the addition of 50 full-time employees, and a $49 million expansion in 2021 creating the same number of positions.  This new $78 million expansion will include $25 million in building improvements and $53 million in four new processing and bottling lines, bringing the total number of lines at the New Albany facility to 14.  The proposed expansion will better allow the company to meet market demand and will result in the addition of up to 50 full-time employees over four years.   

“We’re thrilled to be growing Northwest Ordinance Distilling yet again,” said James Hartman, plant general manager. “As Sazerac enters its next phase of growth, the Northwest Ordinance Distilling processing and bottling plant has the capacity and scalability that make it ideally positioned for investment and job creation to address production growth to meet demand.  We look forward to continuing our strong partnership with the State of Indiana, the City of New Albany, and One Southern Indiana, and are excited to once again increase our manufacturing footprint and our workforce with steady, good-paying jobs, with wages at or above the Floyd County average.” 

The company was approved for tax abatements, which will allow it to phase in its increased real and property taxes over time.  The abatements offer the company an estimated savings of just over $4 million on real estate taxes over the next 10 years, and nearly $1.9 million in personal property taxes over the next 5 years, as approved by the New Albany City Council. The Indiana Economic Development Corporation (IEDC) is working to finalize additional incentives to support the company’s continued growth in Indiana. 

“Today’s announcement is a testament to the New Albany community, the southeast Indiana region and the state’s competitive economy,” said Ann Lathrop, chief strategy officer at the IEDC. “Northwest Ordinance Distilling’s commitment to growth will further advance the region’s quality of place and provide more quality career opportunities for Hoosiers.”

“Since their reopening of the former General Mills facility in 2018, Northwest Ordinance Distilling has established itself as a dynamic presence in the City of New Albany,” said New Albany Mayor Jeff Gahan.  “The plant now employs more than 350 workers at wages averaging at or above the Floyd County average.  With this new announcement following on the heels of significant expansions in each of the last two years, I am excited about the potential for continued success and growth for our friends at Northwest Ordinance Distilling.”

Wendy Dant Chesser, President and CEO of One Southern Indiana said, “We are simply delighted with this latest wonderful news from Northwest Ordinance Distilling.  From locating its new facility in New Albany in 2018, to major expansions in 2020 and 2021, they have demonstrated continued confidence in our workforce, government and community.  Their decision to expand here yet again, and so quickly, is a powerful testament to the people and the business environment of southern Indiana.  As always, 1si stands ready to assist them in any way we can.”   

About Northwest Ordinance Distilling
Northwest Ordinance Distilling is part of the Sazerac family, one of America’s oldest family owned, privately held distillers with operations in the United States in Louisiana, Kentucky, Indiana, Virginia, Tennessee, Maine, New Hampshire, South Carolina, Maryland, California, and global operations in the United Kingdom, Ireland, France, India, Australia and Canada. 

About One Southern Indiana
One Southern Indiana (1si) was formed in July of 2006 as the economic development organization and chamber of commerce serving Clark and Floyd counties. 1si’s mission is to help businesses innovate and thrive in the Southern Indiana / Louisville metro area via the three pillars of Business Resources, Economic Development and Advocacy. For more information on One Southern Indiana, visit www.1si.org.
Contact:

Wendy Dant Chesser
President & CEO, One Southern Indiana
Wendy@1si.org
812-945-0266

Amy Preske
PR Manager
Northwest Ordinance Distilling
apreske@sazerac.com 

NEW ALBANY, IN — Southern Indiana Transit System (SITS), a joint program of the Floyd County Commissioners and Blue River Services, now offers safe, reliable, affordable transportation for people throughout Floyd County, Monday through Friday, 6 a.m. to 6 p.m., including those with disabilities.

SITS can transport residents to stores, the grocery, banks, hospitals, clinics, auto repair shops and other destinations. To schedule a trip, residents simply call 800-654-5490. If they call after hours, they can leave a message and a call-back number.

SITS drivers collect fares before departure, and can accept cash (exact change only) or checks payable to Blue River Services, Inc. (Credit cards cannot be accepted at this time.)

RATES

0 – 10 miles  $2 per way, per person
11 – 20 miles $3 per way, per person
20 + miles    $4 per way, per person

Personal Care Attendants may ride free to and from the same locations. All other companions must pay the full fare. Families only pay for two individuals. Additional immediate family members ride free. For example, a parent with four children would only pay for themselves and one child.

“The availability of excellent public transportation has an outsized impact on our community, our economy and our quality of life,” noted Floyd County Commissioner Shawn Carruthers. “It can determine how easy it is for our residents to get to work, to attend college classes, to get the healthcare they need, to access basic services, to utilize our parks and recreation options, and to take part in community life. This partnership is a step forward toward the goal or providing public transportation that will meet the needs of all of the residents of our county.”

FOR ADDITIONAL INFORMATION:

Floyd County Plan Commission
(812) 981-7611

Roland Lemus
Blue River Services Inc. Regional Transportation Director
Southern Indiana Transit System
(812)972-5581