Developers of the former U.S. Bank building in Owensboro say the new space will bring housing options, entertainment and new business to the city’s downtown. Officials with 700 Frederica Street, LLC say the bank building will be renamed Cardinal Reserve. It will feature commercial space and luxury residential units with on-site parking. Developers hope to offer things like boutique retail, restaurants, a small grocery store, spa services and a boutique fitness center.
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