New Albany apartment tower will be demolished for $1.3 million

NEW ALBANY, Ind. — The New Albany Housing Authority (NAHA) board approved the demolition plan for Parkview Tower eight months after it went up in flames. It will cost $1.3 million, according to a press release.

After the building comes down, “the site is planned to be restored to a greenfield, allowing for future redevelopment opportunities,” the release said.

Renascent, an Indianapolis company, won the project bid against nine other proposals. The board believes the demolition of the eight-story tower will finish in May, 2026, over a year after the fire displaced the tower’s residents…

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