Jeffersonville, IN (February 21, 2023) – During the February meeting of the River Ridge Development Authority (RRDA), the Board of Directors voted to enter negotiations around the sale of a 47-acre plot of land, representing the third such move in the ever-expanding Charlestown (northern) end of the sprawling business and industrial park.
“Private development sites within River Ridge continue to be in high demand,” said Jerry Acy, RRDA Executive Director. “The Board’s approval of another land sale is proof positive that our focus to build out the local infrastructure is paying off and building a brighter future for southern Indiana by attracting new business and economic opportunities for the surrounding communities at the same time.”
The tract of land is located near the southeast corner of the intersection of Indiana State Highway 62 and Jim Lewis Avenue, ideally situated close to improved infrastructure and various amenities. The project will add to the 600,000+ square feet of business space already in progress on the Charlestown side of the RRCC.
To date, RRDA has invested approximately $150 million into the local infrastructure, including thoroughfares, wastewater treatment and water, electrical and communications facilities. Moreover, RRDA plans to invest another $200 million over the next decade.
Of note, the Board’s February meeting comes on the heels of exterior wall installation (known as ‘wall tilts’) of Gateway 1000, a 1,022,055-square-foot speculative building. When complete, Gateway 1000 will join Amazon and Medline as the three largest buildings (more than one million square feet) at the River Ridge Commerce Center.