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Mayor, Congressman Launch Home Ownership at Liberty Green

Tuesday October 19, 2010

The EDGE at Liberty Green offers cutting-edge downtown living

A unique style of urban living, seen in major cities like Chicago and Washington, D.C., is coming to east downtown Louisville through a new mixed use development called The EDGE at Liberty Green.

This afternoon, Mayor Jerry Abramson and Congressman John Yarmuth (KY-3), along with city and housing officials and developers broke ground on the project. It is the latest phase of Liberty Green, a multi-million dollar Hope VI project at the site of the former Clarksdale housing development.

The master developers of The EDGE at Liberty Green are Bill Weyland of CITY Properties Group and Holly Wiedemann, of AU Associates. The Weber Group, a design and construction company, is partnering with CITY Properties Group for the first phase of the project.

“We’ve always envisioned having a home ownership component at Liberty Green,” Abramson said. “The national economic crisis stalled the project but now the developers, Bill Weyland and Holly Wiedemann, have the financial stamp of approval to get things moving. It is a positive sign for our burgeoning downtown and our economy.”

“Liberty Green is a national model for HOPE VI projects and has played a key role in the incredible revitalization in the heart of Louisville,” Yarmuth said. “The EDGE at Liberty Green is the next step in our efforts to help improve our community, generate downtown economic development, and help more families fulfill the dream of home ownership.”

The first phase of the EDGE development will include three to four story “City Home” row houses with flexible floor plans, offering the potential for retail or office space on the lower levels.

The homes will range from 600 square foot studios to 2400 square foot three-story units. Some units will feature private courtyards, patios, roof decks and one- or two- car garages. Homes will also benefit from two large green spaces along Hancock Street that will be developed as parks. Prices start at $99,500 with the largest units selling for $428,900.

“We are really excited about The Edge at Liberty Green, and we look forward to working with Bill Weyland and CITY Properties Group,” said Tim Barry, Louisville Metro Housing Authority Executive Director. “The home ownership opportunities will be a wonderful addition to Liberty Green, and provide yet another option for downtown living.”

Residents of the EDGE will enjoy a distinct downtown location near the Phoenix Hill neighborhood and the East Market gallery district as well as Slugger Field and Waterfront Park.

The first phase of construction at the EDGE also includes apartments aimed to serve the professional students at the nearby University of Louisville’s Health Science Center. A 28-unit, 3 ½ story building will include a mix of studio, one- and two- bedroom units along with a common lounge and study space. The building will also include living quarters for a Health Science Center faculty member, providing opportunities for faculty-student interaction outside the classroom.

“The EDGE at Liberty Green is an exciting next step in our company’s commitment to the growth of downtown. This project allows us to explore new housing types which will appeal to a broader segment of the overall housing market,” Bill Weyland of CITY Properties said. “Our efforts, combined with the vision of NuLu and the innovative HOPE IV program, will help this area evolve into a dynamic green, mixed-use, mixed-income community.”

Construction is expected to get underway at The EDGE at Liberty Green in the next four weeks.

For more information, visit www.edgeneighborhood.com