Louisville Lofts and Condos

One of the biggest complaints (for years) has been that downtown Louisville is dead after work. Obviously, this has a negative impact on the whole region: if the center is dead, the rest of the city is soon enough down the same path.

A couple of years ago, as part of the continued revitalization work for the downtown area, 4th Street Live! opened in the old galleria space (a downtown mall that had lingered well past its prime). I can’t really say that I’m a huge fan of 4th Street Live! (a bit too sterile and mass market friendly), but it has done its job and acted as a magnetic for the downtown area, both day and night.

As evidence of its success, The Cordish Company (owners of 4th Street Live!) have now announced a major $6 million expansion of the original project into the adjacent Starks building (20,500 sq ft on the first floor). The Courier-Journal also reported this may be a prelude to an even greater expansion (destination retail) on the old water company block.

All of this is good for condos and lofts, as more attractions stimulate even more demand for living space where there’s energy and vitality. Bill Weyland and his City Properties development group are in the process of completing the renovation/restoration of the YWCA building, just a block south of 4th Street Live!, a multi-use project with commercial space, apartments and condos. As this area continues its renewal, I expect to see many more condo and loft projects underway.

This entry was posted on Tuesday, July 10th, 2007 at 8:12 pm and is filed under Entertainment, Downtown. You can subscribe via RSS 2.0 feed to this post's comments. You can comment below, or link to this permanent URL from your own site. Your comments will be moderated but will appear as soon as humanly possible.