Located at Eighth and Market streets, the new Holiday Inn Express was part of developer Bill Weyland’s plan to help revitalize downtown. Weyland had nurtured the idea for two decades, as he looked to create a variety of distinct districts downtown. He was excited to build a hotel because he just didn’t see enough room for lodging downtown.
Specifically Weyland sees room for downtown to have an entertainment district, and a convention and tourism district. Also, the article showed how Weyland’s model for Louisville was, believe it or not, Rome, where he spent a year some decades ago. “‘In Rome, I fell in love with the older historic buildings, 500-600-700 years old, some more than 1,000 years old, but still beautiful and still viable,’ he says. ‘In Louisville, we have our own old and historic architecture. Why couldn’t we lovingly preserve it, make it not only functional but also part of the character of our city?’”
A community meeting centered around a new development in Butchertown quickly became a hotbed of contention, as developers got an earful from local residents. “Around 40 people showed up to hear Charles Carlisle, CEO of Bristol, and Fleming Smith of Smith Gee present plans for the seven-story, 260-unit ‘community’ on East Main Street,” IL wrote.
But not all were charmed. “A man from the Portland neighborhood called the development ‘crap’ and ‘stupid’ and cited the 4,000 vacant and abandoned properties in the city that should be developed … He said Bristol should be glad they didn’t propose a property like this in his neighborhood because his neighbors would’ve run them out of town.”
The plans to build the apartments continue, with more residents and observers coming out in support of the project.
A source in the real estate industry tipped us off to the fact that Kevin Cogan and his Jefferson Development Group are the money behind the purchase of several parcels of land at the intersection of Lexington and Gristead, including KT’s Restaurant, purchasing the property from KTS Properties of Louisville.
Jefferson County Clerk’s Office records reveal the deed was transferred from KTS to Cogan’s company on Nov. 17.
But our inside source also told us K.T.’s is only one of the dominos, and that JDG now owns six parcels of land at the busy intersection — an underutilized intersection that has so much potential. We’re guessing these parcels won’t be utilized to create additional parking for Jim Porter’s Good Time Emporium.
Kindred Healthcare announced it is planning a major expansion of its corporate headquarters in downtown Louisville, a project expected to create 500 new full-time jobs.
Kindred plans to construct a six-story, 142,000-square-foot building next to its corporate headquarters on South Fourth Street near Theater Square, which will house their new support center operations, a national training center, Kindred University and an employee wellness clinic. Construction will begin soon and is to be completed by 2017.
At the project’s unveiling, Gov. Steve Beshear said the expansion shows that Kentucky has become “the center of the health care universe.” Wait, what about bourbon?