(Richmond, IN)--Five downtown Richmond buildings are about to undergo a major renovation that will add another hundred apartments and 20,000 square feet of retail space. "This is the redevelopment of a significant part of the block between 8th and 9th Streets. It's all three Knollenburg's buildings, both Hittle buildings, the Harris Bank building, Jenkins next to it, and all three Oddfellows buildings," said developer Jon Anderson addressing the Richmond Redevelopment Commission this week. The project is part of Revitalize Richmond and will be funded in part through city-issued bonds and TIF revenue. Construction is expected to take up to a year and a half to complete. These hundred new apartments will be in addition to the 150 new apartments at the former Elder-Beerman site, now known as 6Main. During this week’s discussion of new apartments, Richmond Mayor Ron Oler provided some numbers that indicate just how badly housing is needed in Richmond. "We know from another apartment developer that only three out of every ten appllicants have a local address. 70% of their applicants are from out of the area. We know that 12,000 people work in Richmond/Wayne County and don't live here. 8000 commute every day," Oler explained. Oler said that part of the rebranding of the city will include trying to attractive what he called “creatives”, or people attracted to the arts.