Indiana Gov. Mike Braun, community leaders, regional partners, and stakeholders gathered to celebrate the ribbon cutting and grand opening of The District Phase II, marking the next major milestone in expanding workforce housing options in Princeton and Gibson County.
Supported by a $3 million READI 2.0 award, The District Phase II represents a $14.6 million investment and adds 114 new one-, two-, and three-bedroom apartments to the existing development. With the completion of Phase II, The District now offers 258 total housing units, strengthening the city’s residential capacity and supporting continued economic growth. The project is expected to generate a $30.2 million local Gross Domestic Product impact over the next 10 years.
Located near Toyota Motor Manufacturing Indiana, The District Phase II expands housing options for employees seeking to live near work, supporting workforce retention and long-term economic growth in the region. Amenities include a walking path, dog park, and pool, enhancing quality of life for residents and contributing to Princeton’s growing appeal as a place to live and work.
The District Phase II builds on the success of the original development in 2023, which addressed a critical workforce housing gap in Princeton and marked the city’s first multifamily housing project in nearly a decade.
Administered by the Evansville Regional Economic Partnership on behalf of the Southwest Indiana Regional Development Authority, this project advances the Evansville region’s plan for affordable and workforce housing, a key driver of talent attraction, retention, and long-term economic vitality.
