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.
Developer Kevin Cogan to reveal more details of Lexington Road, Grinstead Drive development
A new round of meetings is expected to answer the question: How will a more than $200 million mixed-use development at Lexington Road and Grinstead Drive impact the surrounding viewshed?
As Insider Louisville previously reported, Louisville developer Kevin Cogan wants to build a large-scale development that will include office space, apartments, a hotel and retail space on the properties bound by Lexington Road, Grinstead Drive and Etley Avenue. Some of the proposed buildings could reach more than 30 stories tall, which has sparked concerns among nearby residents about density, traffic congestion and potential impacts on the view from Cherokee Triangle, Cherokee Park and other surrounding areas.
People representing Cogan could not answer how the views might be affected at meetings earlier this year, but Bill Bardenwerper, partner at Bardenwerper, Talbott & Roberts, said he plans to present photos at coming meetings with Louisville residents that will show how much the development may or may not peak out into the sky.
The purpose of the meetings — known formally as charrettes — is to provide residents with more in-depth details that weren’t available at the previous meetings.
The revised development plans took into consideration residents’ comments about making the street level look appealing, incorporating wide sidewalks to allow for landscaping and outside furniture, and helping ease the flow of vehicular traffic.
“We were not able to address everything, and maybe not even some of the biggest things, but we are certainly making an effort,” Bardenwerper said.
Both meetings will start at 7 p.m. at the Girl Scouts of Kentuckiana Learning Center, 2115 Lexington Road. The first meeting will take place on Monday, Sept. 26, and the second on Wednesday, Sept. 28. People are encouraged to arrive early as there is limited parking and seating available. —Caitlin Bowling
In related news … Coffee shop planned at Grinstead development
It could be another two years before shovels hit the ground on Kevin Cogan’s Lexington Road and Grinstead Drive development, yet he continues to find tenants to fill buildings near the busy intersection in the meantime.
The newest tenant will be a coffeehouse called Fante’s Coffee, which will sit in a small house at the corner of Grinstead Drive and Etley Avenue.
“It’s a great location,” said owner Leo Fante. “That little cottage is just so well known people gravitate to the look of the place. It’s a neat, quaint space.”
No open date has been set, Fante said, adding that he is just starting the design and approvals process. But he went ahead and placed a sign outside the building to let passersby know it’s coming.
Once it opens, Fante said he wants it to become a place for people to relax and grab a pastry or something heartier. He still is developing the menu, but Fante’s Coffee will offer some grab-and-go items as well as dine-in menu options.
The coffee shop has been a longtime dream, said Fante, who said he worked for Louisville-based John Conti Coffee for nearly 30 years and also for Consumers Choice Coffee for many years. Consumers Choice Coffee, which was owned by well-known businessman Bob Patterson, is now Royal Cup Coffee.
Similar to other tenants on Cogan’s property, Fante’s Coffee likely will be incorporated into the final development.
“Kevin Cogan made it possible for me to really get started in a great, great spot and have the opportunity to move into probably one of the most desirable places in the city,” Fante said. —Caitlin Bowling
North End Slice expands into delivery business
Some lucky pizza lovers can now get North End Slice brought right to their front door.
The pizza offshoot of North End Café is offering delivery in certain Highlands’ neighborhoods such as Deer Park, Bonnycastle and Seneca Gardens. It’s best to reach out to North End Slice at (502) 479-9600 to see if your house is in the delivery zone.
There is a $2 delivery fee, and orders must be a minimum of $10.
North End Café owners Christopher Seckman, Whitney Jones and Walton Jones started North End Slice, a New York-style pizzeria, last December inside its Douglass Loop location. The side business fills previously underused space within the restaurant and serves mostly as a take-out option for customers.
The pizza joint also is conveniently located next to Great Flood Brewing Co., which does not serve food but allows customers to bring their own.
Work on the Omni Hotel downtown pushes forward
Passersbys should see the Omni Louisville gaining some height.
The more than $300 million, 30-story hotel and residence should start adding two floors a month now that the foundation is in place. Workers have installed 1,200 pillars, totaling 17 miles in length, as part the foundation that will hold up the structure.
Construction “will really accelerate” once the fourth floor slabs and columns are in place, according to an update on the construction.
Well ahead of the 2018 opening, the Omni Louisville will unveil model rooms later this month to show what the hotel rooms will look like, the update states. The room design was influenced by aspects of Louisville’s culture and by city landmarks.
Also this month, work on the Second Street median will wrap up. The existing median will be removed and replaced with a double turn lane so hotel guests and residents can access the Omni Louisville once it opens.
Louisville B&B hopes to cater to its bourbon-loving guests
When guests stay at The Samuel Culbertson Mansion, a seven-room bed and breakfast in Old Louisville, they often ask where they can grab a drink in Louisville.
“It would be nice to say, ‘We have them available here,'” said owner Earl R. Van Meter, who noted that many of his bed and breakfast guests are in town for bourbon events or to travel the Kentucky Bourbon Trail. The bourbon boom “has made a difference in tourism.”
However, up until this year, bed and breakfasts in Kentucky weren’t allowed to sell or provide alcohol to the people staying with them. The same state law that now allows distilleries to sell cocktails permitted bed and breakfasts to sell beer, wine and liquor by the drink. They can only sell drinks to people staying overnight in the bed and breakfast, so don’t expect rowdy bars to pop up in the quaint lodgings.
Van Meter is the first bed and breakfast operator in Louisville to apply for a liquor license, but he expects some others will follow suit. Van Meter said he expects adding spirits to The Samuel Culbertson Mansion’s offerings will be “a nice marketing tool” for his business. He will be able to offer mimosas and bloody mary’s with breakfast as well as a night cap for guests in the evening.
In the basement of the historic home, he has even constructed a Rathskeller, a small bar with a pool table, three jukeboxes and seating, where — pending the approval of his liquor license application – he will offer 50 bourbons, among other drinks. —Caitlin Bowling
Former Yum Brands CEO on how he judges a company
The best companies are all about the culture, according to David Novak, who led Louisville-based Yum Brands for 14 years. Novak wrote an op-ed for the digital business news outlet Quartz for a series called “Perfect Company.”
As CEO of a global restaurant chain, Novak said he’d visit many workplaces around the world and always searched for employee recognition, such as trophies or plaques on display.
“It was a red flag if those awards were several years old and if employees used phrases like ‘Back in the good old days…’ These subtle clues suggested that there was an opportunity for leaders to harness the power of recognition and revitalize company culture,” he wrote in Quartz.
Employee recognition is crucial and can be a revenue driver, Novak said, and according to a survey he did for his new book, 82 percent of employed Americans noted not feeling recognized by their superiors enough.
“If you put people first by focusing on their capabilities and recognizing what they do, you satisfy more customers, and, in turn, build more business, make more money and drive results.” —Caitlin Bowling
Goodwill Industries of Kentucky building new Taylorsville Road store
Construction is expected to begin imminently on Goodwill Industries of Kentucky’s latest store and donation center.
The nonprofit will build a 11,800-square-foot store at 12616 Taylorsville Road, just off the Gene Snyder Freeway. The $1.7 million store will be its 10th in Jefferson County and its 64th in the state. Goodwill Industries of Kentucky hired Derek Engineering and Bayus Design Works to design and construct the store.
The Taylorsville Road location will serve residents out past Jeffersontown and in Spencer County, which doesn’t have a Goodwill store, said Heather Hise, marketing and public relations manager at Goodwill Industries of Kentucky.
“We really want to be a nice part of the neighborhood and good neighbors,” Hise said. “We are really looking forward to having the community support out there.”
It also will add roughly 15 new jobs to the nonprofit’s rolls. Through its brick-and-mortar stores and revenue from them, Goodwill Industries of Kentucky has helped 3,434 people find jobs. The nonprofit focuses on helping people with disabilities or those who otherwise struggle to find employment.
Goodwill Industries of Kentucky hasn’t started hiring for the Taylorsville Road store, which is slated to open in January or February, but it will post available jobs on GoodwillKy.org/jobs once an open date is set. —Caitlin Bowling
Aloft East End now hiring, taking reservations
The new upscale hotel, located at 10700 Westport Road, is now taking reservations starting Nov. 1.
It also is hiring for jobs including housekeepers, laundry, housemen, front desk, night audit, maintenance, bartenders and cooks. Applicants must have prior experience and can email [email protected]
A notice was posted on Aug. 26 to the hotel’s Facebook page as well asking for bands, artists and deejays to reach out to the hotel using above email address about playing during Aloft Louisville East’s grand opening week.
Previously, the opening date for the Aloft Louisville East was pushed back. It was delayed until September, then the open date was listed as Oct. 4 on Aloft’s website, but the hotel’s developer Patrick Madden told IL in July that was simply a placeholder.
Marianne Barnes lands on Food & Wine’s ‘Most Innovative Women in Food and Drink’ list
While Castle & Key master distiller Marianne Barnes is busy tinkering with her gin recipes at the new distillery, many publications — both regionally and nationally — have taken notice of Kentucky’s first female master distiller since Prohibition. Anticipation is high for the distillery’s first spirits, but Barnes remains calm, cool, collected and confident they’ll satisfy.
Just this week, Food & Wine, a sister publication of Fortune and Time Inc., named Barnes to its annual “Most Innovative Women in Food and Drink” list. The 20 women featured are described as having the most transformative impact in the last year on what we eat and drink, and it includes entrepreneurs, distillers, activists and idealists.
Barnes sits at No. 13 and is applauded for helping resurrect the historic Old Taylor Distillery that has sat in ruins for years. We’ll cheers to that! —Sara Havens
Churchill Downs’ Twin Spires glow red before UofL Football’s big game
We can tell you how important and big Saturday’s game against Florida State is going to be until we’re red in the face, but our words don’t have quite the impact of, say, lighting up the night sky in red. Churchill Downs is throwing their support behind the team this week by casting their Twin Spires in a red glow.
Of course, it’s a good opportunity for the company to remind people its 11-day September Meet begins Friday, Sept. 16, but we enjoy the effort to bring the community together by rooting for our Cards. Because of Saturday’s big game, which starts at noon, post time at the Downs has been moved from 12:45 p.m. to 2:30 p.m.
Study: No silver tsunami on silver screen
The studies, for which the Louisville health insurer joined USC’s Annenberg School for Communication and Journalism, show that in the 100 top-grossing films from 2015, seniors “were underrepresented, mischaracterized and demeaned by ageist language.”
Humana said in a press release that it supported the research because it wants to “help aging Americans defy stereotypes and take steps to achieve their best health.”
“Seniors are rarely seen on screen, and when they are, they are ridiculed,” said Dr. Stacy L. Smith, director of the Media, Diversity & Social Change Initiative at the Annenberg school. “When did we become a society that is comfortable with subtle and stigmatizing stereotypes about a group that have long served as the pillars and stalwarts of our communities?”
The studies showed that:
- 11 percent of characters were 60 and older, compared to 18.5 percent in that age group in the population at-large.
- 30 of 57 films that had a leading or supporting senior character featured ageist comments, such as referring to people as “a relic.”
- Just over 29 percent of older characters engaged with technology, compared to 84 percent in the real world.
Dr. Yolangel Hernandez Suarez, vice president and chief medical officer of care delivery at Humana, said that seniors who report to be more optimistic about aging also reported better physical and mental health.
Humana said its surveys indicate seniors who rate themselves as very optimistic about aging reported 2.84 unhealthy days per month on average, compared to 12.55 days for the least optimistic. The optimistic seniors also felt, on average, 12 years younger than their more pessimistic peers.
Humana and the university presented their findings this week at The Atlantic Live! New Old Age conference in New York Tuesday. —Boris Ladwig