The neighborhoods of Shelby Park and Germantown continue to attract investments for rehabilitation and development projects.
Mayor Greg Fischer’s office announced on Friday that the Louisville Metropolitan Business Development Corporation has approved two loans in the amount of $112,580 for projects in the two neighborhoods. The loans will leverage a total investment of $527,580.
One recipient is Access Ventures, which continues to increase its powerful presence in the Shelby Park neighborhood. They secured a $62,580 façade loan for Urban Experience Housing, located at 1155 S. Shelby Street.
Access Ventures is an impact-investment group. Their portfolio includes Good Folks Coffee, Farm to Fork Catering and Scarlet’s Bakery.
Access Ventures intends to use the second floor as an office space and hopes to attract a restaurant for the storefront.
A second $50,000 METCO loaned will go toward the creation of a gym at the tony Germantown Mill Lofts. Gym owners Tina Ray and Dustin Harryman will hire two full-time employees and add more as gym membership increases. The business applied under the name FLEXWELL LLC.
According to their website, “As of February 2016 Flex Appeal and Be Well Fitness and Rehab have joined forces! They will be merging the two together and be operating out of 1201 Story Ave in the Butchertown Market Building and in their new joint location in the Germantown Mill Lofts on Goss Ave in early Summer 2016!” Flex Appeal was co-owned by Harryman and Ray; Be Well was founded by Ray in 2009.
The gym will be open to area residents and will be the first gym in the Germantown neighborhood.