EVANSVILLE, In. (WEHT) — There is new energy on Main Street in Evansville, after a development company announced big plans for the former Old National Bank headquarters.

Domo Development out of Carmel, Indiana now owns the tower.

In an announcement this afternoon, the developer said the 18-story building will be redeveloped with restaurants, retail, office space and more than 60 apartments.

The project is expected to cost between 25 and 30 million dollars.

We talked to business owners and neighbors downtown who said the announcement made them think of the past, and big hopes for the future.

“Anytime we can get more people downtown, it’s a good thing,” says Posh on Main owner Vicki Bohleber.

Those who live, work and play in evansville say there has been a revival, of sorts.

“To watch the changes that occurred, especially the last 8 or 9 years, has been profound,” says Evansville resident Tracy Gorman. “And I think there’s so many people exciting about the vibe that is happening downtown.”

One of those people is Bohleber.

“We felt like this was the up and coming area, this was the growing area in town, and so we wanted to be sort of on the ground floor.”

Her business only opened in April, but now it will be neighbors to one of the biggest projects on Main Street.

“I’m very excited that all the renovations are happening and things are growing down here.”

A new makeover for Main Street means something different to people like musician Kaleb Burch.

“I moved down to Evansville for more opportunities and it’s nice down here, I really like it.”

Changes to 420 Main have long been a topic of conversation here:

“We were talking about that building and I told him how amazing it would be to find something really great to do with that whole property.”

Bohleber says there is still something missing on Main.

“One thing that I would like to see downtown? Is a grocery store!”

But she also used to work in the building and has fond memories of it’s glitzy past, like the Petroleum Club.

“It was THE place to eat!”

“Would you like to see something like that go back in there?

“Absolutely. Because now I might be able afford to go there!”

While most people we spoke to are excited for the changes, they also mean that those currently in the building must leave.

Tenants have until March to relocate.