NTS Development Company announced it has begun construction on its new 301-unit apartment development near Oxmoor Farm.
Upton Oxmoor Apartments will be built on a 16.412-acre tract that is owned by the Bullitt Family Trusts, which previously partnered with NTS to develop Oxmoor Woods. The development is expected to open in spring 2020.
NTS did not announce the total cost of the development, but valuations attached to building permits approach $20 million.
The apartment complex will be built in a “modern farmhouse” aesthetic, according to the announcement, and will include more than 300,000 square feet of rental space across nine modern, garden-style buildings. One of the apartment buildings will include a clubhouse, and the development also will include a two-story, 533-space parking garage with 232 access-controlled, covered parking spaces.
NTS Development will lease and manage the complex, which was designed by the Atlanta-based Niles Bolton Associates (exterior) and by the Dallas-based Faulkner Design Group (interior). Construction began in March, with Louisville-based Calhoun Construction Services as the general contractor.
Pre-leasing will begin in early 2020; the goal is to have full occupancy by fall 2020. The plan was announced in 2017, and permits for the development were issued last October.
The development will be accessible from Shelbyville Road behind Oxmoor Center and will be adjacent to Oxmoor Farm, which includes a 79-acre historic preserve, a historic farmhouse, barns and other outbuildings. The farm dates to the 1700s and has been parceled out over the years for various developments.
NTS has developed a number of residential communities in Louisville and in other markets throughout the U.S., along with commercial and healthcare developments. Local NTS residential developments include Lake Forest, Douglass Hills, English Station, Owl Creek and others. It also has apartment communities in Indianapolis.
In the announcement, NTS President and CEO Brian called the development “unique” and said the concept “brings together the best of urban and suburban living.”
Full property renderings, apartment unit floor plans and more details about Upton Oxmoor Apartments will be released later this summer.