Mayor Greg Fischer Newsroom
Mayor Breaks Ground on New Mixed-Income Housing in Phoenix Hill
Thursday August 2, 2007
Vacant lot will be home to $3.5 million retail and housing development
Mayor Jerry Abramson and other local officials broke ground today on the 801 East Broadway building, which will be located at the corner of Broadway and Shelby streets. The $3.5 million project will include mixed-income housing and retail space.
“The city is taking a piece of property that was rundown and dilapidated and is creating housing for people of all incomes to live in an exciting and vibrant neighborhood,” Abramson said.
The Louisville Metro Housing Authority (LMHA) development will be constructed on a vacant lot that was once home to the old Broadway Meat store. The property has been vacant since 1988. LMHA purchased the lot for $1 from the land bank and demolished the old building, because it was an eyesore and structurally unsound.
The new three-story building in the Phoenix Hill Neighborhood is part of the revitalization of the old Clarksdale public housing complex. The city received HOPE VI funds to demolish the complex and create a mixed-income development called Liberty Green. LMHA committed to replace each public housing unit that was part of Clarksdale. The 801 East Broadway development will help the city meet its one-for-one replacement requirement.
“The Phoenix Hill neighborhood is certainly experiencing a renaissance with Liberty Green, several private projects and this new retail and housing development,” Abramson said. “When we redevelop urban neighborhoods, the influence spreads outside the boundaries of a particular project and into surrounding blocks.”
The property will contain 22 units – 16 one-bedroom apartments and six two-bedroom apartments. Some of the units will be town homes. Almost 3,500 square feet of retail space will be available for rent on the first floor. LMHA will hire a leasing agent to coordinate rental of the building.
Designs for the property were created by Kersey and Kersey Inc. of Louisville. Construction will begin later this month. The project should be complete next summer.