From IRAs to IPAs: Big news is brewing for downtown Middletown.

Equilibrium Brewery announced it is officially expanding. The brewery will be taking up the former TD Bank building on 28 South Street.

The new building will be used for brewing operations, and Equilibrium has plans for a beer garden and tap room.

Middletown's mayor says the expansion on tap is a big economic boost for the city.

Equilibrium opened in the area in 2016. It's purchasing the building from the city of Middletown for $650,000.