Friday July 7, 2006
Two Louisville neighborhoods that have undergone sweeping revitalization are now offering new housing opportunities to families and individuals of all incomes.
And at both Liberty Green, just east of downtown, and Park DuValle, in west Louisville - the new housing is proving to be a big hit with residents.
Liberty Green, a $233 million development on about 30 acres, is replacing the old, barracks-style public housing complex known as Clarksdale with a mixed income neighborhood that will include more than 500 apartments and 200 townhomes.
Thirty apartments are available and will be occupied in coming weeks - with about 200 people on a waiting list for apartments.
Close to the medical complex and the downtown cultural center, Liberty Green is especially appealing to young professionals.
Mayor Jerry Abramson says it's another important part of creating a vibrant downtown. "Liberty Green is not only creating new and desirable housing of its own - but it will have a huge ripple effect on other housing and commercial investment throughout this entire part of the community."
Like Liberty Green, Park DuValle was a public/private partnership that changed the face of an entire neighborhood- with ripple effects in surrounding areas.
On July 7, Mayor Jerry Abramson and Congresswoman Anne Northup helped showcase the final phase of Park DuValle by unveiling nine new model homes at The Villages of Park DuValle.
“Park DuValle is an award-winning, nationally recognized model neighborhood that utilizes the best concepts of redevelopment from the ground up,” Abramson said. “With this last phase of construction, we are seeing the completion of a very successful HOPE VI project that delivered on its promise of new hope for the Park DuValle neighborhood.”
A mixed-income community, there are 613 rental units and 273 single-family homes - all occupied - that have been built in The Villages of Park DuValle since 1998. There are more than 100 lots still available for homebuyers.
Potential homebuyers can choose from among 30 floor plans and receive information on financial assistance. The Villages of Park DuValle was patterned on the principals of new urbanism, which reflects the classic architecture found in Louisville, and combines townhouses and rental apartments with new single-family homes for people of various income levels. When completed, the 125-acre property will link more than 600 rental units with over 400 new homes mingled among recreational facilities, an education center, town center and health center.
“It has been a great honor to work hand-in-hand with local and federal officials to make it possible to transform this neighborhood into a vibrant, urban community,” Northup said.
To celebrate the last phase of construction at The Villages of Park DuValle, the public is invited to take free tours of the nine model homes during the Festival of New Homes on Saturday, July 8th and Sunday, July 9th from 12:00 p.m. to 5:00 p.m.
“Almost 300 single-family homes are occupied and an average of 30 contract homes are under construction at any given time, demonstrating the strong demand to live in Park DuValle,” said Michael Bauer, President and CEO of Louisville Real Estate Development Company.
The revitalized neighborhood of the former Cotter and Lang Homes was made possible through a private/public partnership that generated $200 million through a combination of federal grants and loans. The Louisville Metro Housing Authority received a $20 million HOPE VI grant in 1996 to launch the development.