Welcome to The Closing Bell. This is your last stop for biz scoops and big news before the weekend — a roundup of stories that can’t wait till Monday.

Waterfront Wine & Spirits opens just in time for Derby Festival events

Waterfront Wine & Spirits features a lounge area with artwork by Angel Jo. | Photo by Sara Havens

If you’re headed to Waterfront Park this weekend for Thunder activities — or the myriad of Kentucky Derby Festival events that continue April 26 with the opening of the Chow Wagon — there’s a new wine and liquor store nearby you can swing by to keep the party going (or starting).

Waterfront Wine & Spirits recently opened in the lower level of the Waterfront Park Place building, in a spot that formerly housed a small convenient store. For those familiar with the area, it’s next to the Subway and sits at the corner of Witherspoon and Floyd streets.

More than 300 wines will be available. | Photo by Sara Havens

It features more than 300 wines at various price points, more than 80 bourbons and liquors and beers by the six-pack or can/bottle, and will eventually feature a tasting bar where you can sample products before you commit to buying.

Insider stopped in recently to chat with co-owners Steven Duvall and Amine Karaoud, the latter of whom also manages Red Castle Liquors in Old Louisville.

Turns out we arrived at the perfect time, as the two were in the middle of a wine tasting with Southern Glazer Wine & Spirits rep Aaron Wilson, and we were invited to help sip through the inventory.

Duvall considers the business more of a wine (and bourbon) shop and tasting bar than a corner liquor store, but he does utilize two large refrigerated shelves up front for those who want to grab-and-go. Along with many local and regional beer offerings, he will carry domestics as well.

And the impressive wine selection runs the gamut from wine available in a can for $6.99 to a $30 bottle of Chateau Mont-Redon to other premium wines way outside our budget. They even have one of our favorite popular zinfandels, 7 Deadly Zins.

Aaron Wilson, Steven Duvall and Amine Karaoud sample wine. | Photo by Sara Havens

Duvall also says he’ll have at least 80 bourbons in stock, some of which the proprietors will barrel select themselves as a partnership between Waterfront Wine & Spirits and Red Castle Liquors. In fact, they have two single-barrel private selections for sale now, from Old Forester and Knob Creek.

Duvall and Karaoud want to keep their prices competitive and affordable, and from a quick glance, many products were cheaper than nearby boutique wine and bourbon shops but slightly more than what a big-box store like Total Wine charges.

Waterfront Wine & Spirits is now open for bottle sales at 222 E. Witherspoon St. Duvall and Karaoud are still finishing up their tasting bar, which they hope to open after Derby. The shop is open 11 a.m.-10 p.m. Monday through Saturday, and 1-7 p.m. Sunday. —Sara Havens

Farmer’s market coming to Fourth Street Live

Fourth Street Live is getting a farmer’s market in May. | Photo by Melissa Chipman

People who frequent downtown Louisville will soon have a new option for buying fresh produce.

A farmer’s market is coming to Fourth Street Live next month to offer farm-fresh options through the fall.

The farmer’s market will be open from 11 a.m. to 2 p.m. Wednesdays from May 9 through Oct. 31. It’s a joint venture of Fourth Street Live, the Louisville Downtown Partnership and Louisville Grows.

Rebecca Matheny, the Partnership’s executive director, said the market “no doubt will be patronized by professionals and visitors, as well as by the growing number of downtown residents.”

The market is needed because of limited options in the downtown area and the need for low-income residents to have better access to healthy food, said Ked Stanfield, executive director of Louisville Grows, a local nonprofit.

“Contrary to popular belief, downtown is a food desert,” said Stanfield in a news release. “The city needs more farmer’s markets, and we need more in west Louisville — so this is a step in the right direction.”

Fourth Street Live is on Fourth Street between Liberty Street and Muhammad Ali Boulevard. Free parking will be available in the venue’s garage during farmer’s market hours.  —Darla Carter

KyCAD is working toward accreditation and a new downtown campus

Kentucky College of Art + Design | Photo by Melissa Chipman

What started as an idea that first took root in the basement of 21c Museum Hotel and has now grown into a leading arts school with the help of Spalding University, the Kentucky College of Art + Design (KyCAD for short) is one step closer to accreditation and securing a campus downtown.

Todd Lowe, chair of KyCAD’s board of directors, announced Thursday that the nonprofit was taking steps toward becoming an independent college of art and finally fulfilling founder Churchill Davenport’s vision of establishing a world-class college of art and design in Louisville.

After an eight-year partnership with Spalding, KyCAD is pursuing independent accreditation through the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).

“This is a milestone day for KyCAD,” said Davenport in a news release. “I can’t thank Spalding University President Tori Murden McClure enough for her help and her encouragement toward independence. With Tori’s and the Spalding Board of Directors’ support, Spalding University has been a great incubator for us.”

KyCAD President Moira Scott Payne said the nonprofit plans to create an entrepreneurial, researched-focused college of art and design, and hopes to secure a downtown campus in the near future.

“We are in the final stages of securing a permanent home that will put us right in the heart of downtown Louisville,” she said in the release. “This space will serve as a meeting place for, and bridge to, the diverse surrounding communities we hope to serve.”

Insider will let you know when we hear about the new campus whereabouts. —Sara Havens

Jerry Abramson to be Spalding’s Executive in Residence

Jerry Abramson

And speaking of Spalding University, former mayor Jerry Abramson will teach courses and help develop academic programs at Spalding, the school announced Tuesday.

As executive in residence, Abramson will teach comparative leadership and government innovation, according to a news release. He also will help the school create programs focused on criminal justice reform and restorative practices.

“Supreme Court Justice and Louisvillian Louis Brandeis believed the most important political office in America is that of the private citizen,” Abramson said in the release. “I agree with that philosophy and want to help energize our next generation to better reflect the characteristics of citizenship in America.”

Abramson is currently in a similar position at Bellarmine University, but will be switching to Spalding on June 1. —Olivia Krauth

National fashion brand opens Louisville store today

American fashion and accessory brand Kendra Scott now has a Louisville store. The brand is opening a 1,876-square-foot location in Oxmoor Center today and will host a celebration Saturday, according to a news release.

Kendra Scott offers jewelry, fine jewelry, beauty and home décor items. The boutique also will feature a station with a touch-screen display monitor and iPads where customers can create their own jewelry.

“The city of Louisville is a perfect fit for our brand, and I am honored to be opening our doors to this wonderful community,” said founder and designer Kendra Scott in the release. “Our company believes that the truest form of success is giving back to our communities in a meaningful way, and I am so excited to connect with the people and organizations of Louisville.”

Oxmoor Center’s hours of operation 10 a.m. to 9 p.m. Monday through Saturday and 11 a.m. to 6 p.m. Sunday. —Caitlin Bowling