Downtown New Albany continues to grow and is an area that businesses find attractive for their service, restaurant and retail operations. Over the last 7yrs there have been about 145 businesses find downtown as a terrific place to do business. A concentrated area of more than ten blocks of safe and friendly downtown walking. The residential factor is growing as well as many second & third floor spaces are being created and up-to-date for some really cool hip and funky urban style living. A new "upscale" apartment development of 191 units for 2016 has begun on the former Coyle Auto Dealership adding about another 300 residents to Downtown. This building could also be a great example of creating more living area upstairs for urban loft style and retail or restaurant downstairs with ample storage in the lower level. Believe it or not, there are apartments priced from $525 to $2000 per month. Though there are only a few at $1100 per month, they are growing in numbers.<br />

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