Germantown Mill Lofts to serve as anchor for Goss Avenue redevelopment
Ground was broken this week on Louisville’s newest large-scale apartment complex, the Germantown Mill Lofts, which city officials say marks the start of big changes to come along the Goss Avenue corridor.
The lofts are the former site of the massive Goss Avenue Antique Mall, originally constructed as the Louisville Cotton Mill, in 1889, the biggest in Kentucky.
The property is being renovated and brought to market by Louisville’s Underhill Associates — perhaps best known as the developers of Westport Village — to the tune of $20 million.
During the groundbreaking, Metro Council President Jim King said the project isn’t just about development, but sustainability, as the lofts will be thoroughly renovated, but won’t be new construction. King also said the development will serve as an anchor for redevelopment along Goss Avenue, as the city has a “vision” for sprucing up that entire retail corridor, starting at Eastern Parkway. (Think Frankfort Avenue in Crescent Hill, according to the Underhills.)
IL previously reported on the beautification efforts of the Three Points project, which impacted Goss Avenue, and the Germantown and Schnitzelberg neighborhoods.
Colin Underhill, a partner at Underhill Associates, said the first units will be brought to market by fall of 2015. He added the lofts will have large arched windows, original wood floors — meaning from 1889 — granite countertops, and high-efficiency stainless steel appliances. “We’re going to create the most hip and unique living opportunity this city has ever seen,” he said.
The 184 unites will include studio, one- and two-bedroom apartments ranging in price from $700 to $1,200 per month. The project is a joint venture between property owners John and Steve Booker, and Underhill Associates.
In addition to the apartments, the 8-acre property also will include retail amenities such as: a coffee roaster, cafe, neighborhood fitness center, community event space, and what could become either a micro-brew pub, wine cellar, or perhaps even a beer garden.
DC Management considering ‘high-profile’ spot for new restaurant
In addition to planning a restaurant for the River Road condo development River Park Place, the DC Management restaurant group also has plans for yet another restaurant in Louisville.
Steven Ton — DC Management partner along with brother Michael, Brett Davis, and Chip Hamm — tells Insider Louisville the group has its sights set on another “very high-profile location,” though he would not reveal further details at this time.
DC Management currently operates Doc Crow’s Southern Smokehouse and Raw Bar on Main Street and La Coop on East Market
A subsequent IL post will shed more light on how plans for their massive River Park Place restaurant are progressing (hint: a bit more slowly than anticipated), along with their expansion into the Nashville market. And of course, we’ll let you know when we know more about their mysterious new Louisville restaurant that’s in the works.