In the latest edition of our monthly news brief, JLL’s regional team curates the top commercial real estate industry articles impacting the Louisville market to keep you in-the-know.
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Retail and Industrial Developments Gain Momentum in Louisville
A number of new development projects are in the pipeline for downtown and metro Louisville. Among those include a new distribution center and a retail development.
Illinois developer, Molto Properties, announced plans to construct a new distribution center in the Renaissance South Business Park. Molto Properties has already accounted for more than 1 million square feet of space within the business park. This new warehouse and distribution property would add an additional 677,160 square feet to their portfolio.
Construction of a 363,000-square-foot retail and lifestyle center has also begun in SouthPointe Commons near Fern Creek. The property will include a big box store, a movie theater and restaurants. Upon completion, the project is expected to create nearly 560 permanent jobs in the region.
These developments, combined with Louisville’s recent success in urban development ultimately led to the city being named as the host for the 27th annual Congress for the New Urbanism conference. The conference will take place in the spring of 2019 and it’s anticipated to bring nearly 1,500 guests to downtown Louisville.
More Louisville Headlines:
- Local developer, Hagan Properties, announced plans to construct its own new headquarters building. The property will total 8,000 square feet at 12610 La Grange Road.
- BMW of Louisville intends to move forward with expansion plans for a pre-owned car lot along Shelbyville Road. While requests are still pending, the company would demolish the two apartment buildings currently inhabiting the site to make room for the lot.