With so much development taking place in Louisville, it can be difficult to keep track of where apartment projects stand.
In 2017, according to data from Louisville-Jefferson County Metro Government, developers filled applications for 36 new multifamily housing developments, a total of 4,250 units.
That statistic includes apartments, condominiums, student housing and senior and assisted living facilities. Of that, the majority — 3,877 units — were part of apartment, condominium and student housing projects, the data show.
In and around downtown, there are 2,676 units currently online and another 1,033 planned, according to statistics from the nonprofit Louisville Downtown Partnership.
Many of those are apartment developments that have cropped up as the number of businesses and attractions in downtown Louisville has grown.
Here’s the scoop on four such major apartment projects:
Out-of-town development company Edwards Communities Development Co. had back in December hoped the first tenants would move into The Baxter, its more than $50 million, 260-unit development at the intersection of Baxter Avenue and Broadway, in May.
Lisa Minklei, a project manager for the development company, told Insider in an email this week that the project, located on the edge of the Phoenix Hill and Highlands neighborhoods, is on track for residents to move in sometime in August. While the first tenants should move in before Highlands Festival, the entire project, including 32,000 square feet of retail space, won’t be complete until the first quarter of next year, she said.
The company has kept hush-hush about potential tenants in the retail space.
Edwards Communities Development Co. notably developed another smaller 195-unit apartment complex called Highland Station, essentially across the street from The Baxter. That project wrapped up earlier this year.
The Edge on Fourth
A new 234-unit apartment project in the Central Business District will go by the name The Edge on Fourth.
Cincinnati-based Capital Investment Group is spending $47 million to transform the former KentuckyOne Health property at South Fourth and Chestnut streets into the luxury apartment complex with 12,750-square-feet of retail.
“Fourth Street has again become the destination to see and be seen,” the website for the apartments proclaims.
A spokesman for the developer told Insider through email that the first phase of the apartment development, which amounts to 160 units, should be complete by the end of July. Residents would then start moving in in early September.
Work on the second phase is expected to wrap up in November, the spokesman said.
Grocers Ice & Cold Storage
Construction on a smaller apartment project could get underway in August in Butchertown.
The old Grocers Ice & Cold Storage building at 609 E. Main St. was put up for auction by the state, and Brandon Denton, owner of Denton Floyd Real Estate Group, submitted the winning bid of $400,000.
Denton told Insider through email that he has not yet purchased the 111-year-old building; however, he hopes to close by the end of next week.
Once the sale goes through, Denton plans to renovate the building into 68 studio and one-bedroom luxury apartments.
The development will sit right next to the 269-unit Main & Clay apartment complex, which recently started moving tenants in. Both are located near the popular NuLu neighborhood and walking distance to the future soccer stadium.
Named The Local in city documents, this project’s status is unknown.
Previously referred to as the Service Tanks project, plans for The Local, a 272-unit apartment complex, were approved in early 2017. Most recently, a landscaping plan for the site was approved by city Planning & Design Services staff in March of this year.
Insider reached out to representatives with the project’s development company Flournoy Cos. for an update on when site could start but did not hear back.
A search of county property records shows that the company Service Welding & Machine Co. still owns the site at 700 E. Main St. and 121 S. Clay St. where Flournoy Cos. wants to build the apartments, along with 11,550 square feet of retail. Before that happens, however, Flournoy Cos. is expected to purchase the land.