Louisville Commercial Real Estate News Brief: January 2018

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In the latest edition of our monthly news brief, JLL’s regional team curates the top commercial real estate industry articles impacting Louisville.

Louisville to Expand Downtown Business Improvement District

Beginning in early 2018, the Louisville Downtown Partnership plans to expand the Business Improvement District, also known as the Louisville Downtown Management District.

The expansion would include the addition of four properties to the Business Improvement District. Among those additions include:

  • 800 Tower City Club Apartments
  • Solid Light
  • James Collins Downtown Ford

The expansion also supports new research released by the Louisville Downtown Partnership, which portrays how downtown Louisville is expected to change from a commercial and residential standpoint by 2019. The research shows a projected 39% increase in residential units and a 22% increase in the number of downtown residents. Louisville Downtown Partnership also anticipates a 4.6% increase in the downtown workforce, growing to 68,900.

More Louisville Headlines

  • The Butcher Block development added a new tenant, Red Hot Roasters. The restaurant is the newest addition to the string of nine redeveloped houses along East Main and East Washington Street, occupying 1,500 square feet.
  • A multifamily housing developer has plans for a $17.5 million redevelopment of affordable apartment units, known as Henry Greene Apartments in Russell. The project may include energy efficiency improvements, ADA accessibility, landscape improvements and more.

Photo Credit: Jonathan Parrish