Thursday February 3, 2005
Mayor Jerry Abramson, Christ Church Cathedral Dean Keith Marsh, and developer partners today broke ground on a new housing project for qualified tenants in the heart of downtown.
Cathedral Commons will consist of forty new apartments and the restoration of the Howard-Hardy House on two tracts of land owned by, and adjacent to, Christ Church Cathedral. The development is located at 429-433 S. Third St.
The mixed-use project has been designed to complement the urban fabric of Second Street, and will include 1-bedroom and 2-bedroom units, renting for approximately $500 to $600 a month, as well as approximately 3,000 square feet of new retail space on the ground level and 4,500 square feet of rehabilitated office space.
“Part of being a great community is providing the opportunity for quality housing for all people,” Abramson said. “In this location, Cathedral Commons is a great example of infill development, allowing tenants proximity to nearby services and places of employment.”
Potential residents include downtown employees and staff and clients of Norton Healthcare, Prodigal Ministries, Kentucky Refugee Ministries and Wellspring, each of which have had long-time connections to the mission and ministry of the Cathedral.
“Cathedral Commons reaches out to the city, giving back a part of this community’s heritage and adding much-needed downtown housing,” said The Very Reverend Keith Marsh, Dean of Christ Church Cathedral. “This project springs from the Cathedral’s historic activism in issues like open housing and homelessness.”
A significant part of the project is the restoration of the Howard-Hardy House, one of only two surviving pre-1840 residences in downtown Louisville and the only known residence in the central portion of the city with its associated slave quarters still intact. The house, which is listed on the National Register of Historic Places, will be restored to its original appearance and will be rehabilitated for adaptive reuse as office space.
The project received $500,000 in CDBG funds through Louisville Metro Department of Housing and Community Development and will use federal rehabilitation tax credits through the U.S. Department of the Interior; New Markets Tax Credits through Community Ventures Corporation, Lexington, Ky.; and Low-Income Housing Tax Credits and financing through Kentucky Housing Corporation. National City Bank of Kentucky and National City Bank of Kentucky Community Development Association will provide construction financing and equity participation in the project. Partners in the construction team include: Brasch-Barry General Contractors, John Milner Associates (architect), Tetra-Tech (civil/structural engineering), Kerr-Greulich Inc. (mechanical, electrical and plumbing engineer), and Cassidy Associates (surveyor).