Major demolition inside the old McCurdy Hotel in Downtown Evansville should begin in just a few months.
It's pretty run down right now with some windows boarded up, but a little over a year from now, the old McCurdy Hotel along Riverside Drive should be restored to its former glory.
The Kunkel Group hopes to start demolition work in September or October, once all of their financing is in place.
They plan to turn the building into 96 luxury apartments, mostly one and two bedrooms, with granite countertops and stainless steel appliances.
The Kunkel Group says they plan to add a restaurant that will be open to the public and they'll turn part of the first floor into space that can be used for banquets and weddings.
The building has been empty for several years, and once you go inside, you can tell it's seen better days.
There are still beautiful design features, detailed plasterwork and a grand lobby with 25 foot ceilings.
Adam Kunkel, the Kunkel Group's Vice President, says they want to preserve as much of the historical elements of the old hotel as they can.
"We're excited about this building specifically. It's an iconic structure for downtown. It's important that it's preserved. We're not scared of it. We think that we've done it before, and we know the market is there. We know that if we offer some unique things that people can't get anywhere else that we'll be just fine," Kunkel says.
Kunkel says they're hearing a lot of interest in the property, about five calls a day.
"It's going to compress the market. We're going to have more residential offerings downtown. That means more people down here. That's going to mean more restaurants and more entertainment offerings as well," Kunkel says. "So, every project that comes up, we're always encouraged by it whether we're involved or not. Anything that can bring these old buildings back to life downtown is a positive for the community."
The Kunkel Group expects to start demolition around September or October and thinks it should take about a year then to complete the project.
The building will be renamed the McCurdy Apartments.
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