This post had been updated to include comment from Brian Forrest.
Steve Smith, chief executive of Louisville Stoneware, casually noted to members of a Louisville Metro Council committee meeting Tuesday afternoon that a $28 million investment project in the small urban neighborhood of Paristown Pointe had grown by an estimated $6.5 million.
Smith, who is leading the development effort, told members of the council’s Labor, Economic Development & Contracts committee that a group from Denver plans to construct a food hall, bar and small entertainment venue called Number 15. The project will abut East Broadway on one side and Brent Street on another.
During the meeting, he actually called it a food court, but afterward, he clarified to Insider Louisville that it would be more like a food hall seen in New York. Instead of fast-food joints like a food court, it will have multiple individual kitchens that will be rented to independent food vendors.
The rendering he presented to the council committee, he said, is preliminary.
Smith declined to say who the Denver group is or provide additional details, but during the public meeting, he referred to them as “well-heeled in terms of finances” and stated that they are building a similar project in Denver and hope to build 85 such venues in total.
Smith also told the council members that the group is made up of young professionals, with the leader being only 25 years old.
“These kids understand the next generation, and we are really excited to have them as a partner,” he said.
Smith’s partner in the development, Hoagland Commercial Realtors principal broker Brian Forrest told attendees at the Paristown Pointe Neighborhood Association that currently plans call for Number 15 to be 12,000 square feet.
“It’s a big deal,” he said at the meeting. “It’s gonna be one of the coolest things.”
The venue will be part of the already announced $28 million development that includes the $6 million renovation and expansion of Louisville Stoneware, a $1 million brewery and taproom by Goodwood Brewing Co. and a new $12 million performance venue for the Kentucky Center for the Performing Arts. Updated rendering also show a pie and ice cream shop called Queen of Tarts.
“It is going to be something that I think everyone can enjoy,” Smith said.
It is being paid for through private investment and $6.4 million in state tax incentives. The city also is chipping in $2.2 million in streetscape and sidewalk improvements.
The development broke ground in September 2017. Smith told Insider that the different aspects of the development are expected to be completed within six months of each other, starting in the spring of 2018. The project will create between 30 to 40 permanent jobs that pay between $12 to $18 an hour.
Councilman David Yates, D-25, applauded Smith’s efforts.
“None of these projects happen without public-private partnership,” Yates said. “I appreciate you doing that.”