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Metro Newsroom


Mayor: Downtown Investments Result in Housing Boom

Wednesday October 19, 2005

Mayor Jerry Abramson said today that 20 years of investment in Louisville’s downtown has resulted in a housing boom in the central business district.

The mayor was joined by former City of Louisville Mayor David Armstrong at a news conference today to promote Saturday’s downtown-living tour showcasing some of the latest in urban-living spaces and design.

“Two decades of investment in attractions, amenities, parks and other public improvements have made downtown one of Louisville’s hottest properties for residential living,” Abramson said.
 
The number of market-rate housing units downtown has doubled in 20 years, from 900 units in 1985, to 1,800 units today. By 2008, the city expects more than 3,600 downtown condominiums, apartments, lofts and townhomes to be home to thousands of residents.

The mayor pointed to projects such as Waterfront Park, Louisville Slugger Field, 4th Street Live!, and the many arts and cultural attractions as being mutually beneficial to downtown housing.

“By creating a strong residential neighborhood in our downtown, we help ensure the success of other economic investments - museums, galleries, restaurants, bars and retail establishments. And we help grow the economy of our entire city and state - providing new jobs and opportunities for people.”

Downtown Living Tour & Expo set for Saturday
The Louisville Central Area is hosting the free Downtown Living Tour and Expo on Saturday, Oct. 22, from 10 a.m. to 3 p.m. TARC will provide free transportation between the sites, and many are within walking distance.
Attendees can check-in at the lobby of the former Brown & Williamson Tower at the corner of 4th & Liberty streets. Free parking is available at the Galleria Garage on 5th Street between Muhammad Ali and Liberty.

There will be eight stops on the Main St./Market St. route:
· Mercantile Gallery Lofts, 301 E. Market St. (condos)
· East Market Lofts, 325-27 E. Market St. (condos)
· Billy Goat Strut, 600 E. Main Street (apartments)
· 626 East Main, 626 E. Main Street (being renovated into condos)
· The Hub, 300 East Main St. (apartments)
· The Carlysle, 201 E. Main St. (apartments)
· Waterfront Park Place, 222 E. Witherspoon (condos)
· The Glassworks District, 815 W. Market Street (apartments and condos)

There will be six stops on the North/South/Broadway route:
· Barrington Place, 537 S. Third St. (apartments)
· Crescent Centre, 657 S. Third St. (apartments)
· The St. Francis, 233 W. Broadway (apartments)
· The 800, 800 S. Fourth St. (apartments)
· The Lofts of Broadway, 419 Finzer St. (apartments)
· Soho Condos, 900 S. Fifth St. (condos) Information about nine projects will be on display at the Downtown Housing Expo in the lobby of the Brown & Williamson Tower:
· Phoenix Place, 510 S. Shelby St. Mall . (apartments)
· Off-Broadway Lofts, 604 S. Third St. (apartments)
· The Louisville Lofts, Logan and Lampton Streets (condos, apartments)
· Fleur-de-lis, 340 E. Main St. (condos)
· Liberty Green, (rental, condos, market-rate homes)
· Weissinger-Gaulbert, 709 S. Third St. (apartments)
· Galt House Apartment Suites, 140 N. Fourth St. (apartments)
· The Lofts of Broadway, 419 Finzer St. (apartments) [also be on the tour]
· Soho Condos, 900 S. Fifth St. (condos) [will also be on the tour]

Details about the sites on the tour are available at www.downtownhousingtour.com.

Photo/Visual Opportunities
The following downtown housing units are open to media from 11 a.m. to 3 p.m.:
Mercantile Gallery Lofts
Contact: Todd Blue, Cobalt Ventures, 589-8181
The Glassworks District
Contact: Robb Gwaltney, City Properties Group, 515-2489

Crescent Centre
Contact: Lynn Hawkins, 589-2828

The St. Francis
Contact: Nancy Cooper, 568-1117