LOUISVILLE, Ky. (WDRB) -- It is a huge building, a block long on Goss Avenue in Germantown. The Goss Avenue Antique Mall will soon be converted into a couple of hundred apartments.
For about a year Underhill Associates has been working quietly behind the scenes to get the multi-million dollar project off the ground. Now that the financing is in place, plans call for converting the building into about 200 apartments.
Developer Jeff Underhill describes what the building will become. "We've got beautiful wood floors, big beams, exposed brick, beautiful windows," he says. "We want to utilize all of that with modern loft space."
The three story brick building was constructed in 1889 and was once a giant textile mill. Most recently it has been the Goss Avenue Antique Mall where about a hundred dealers sell their wares.
The owner of the building says he will work with the current tenants to try to find them new locations. "We are exploring opportunities and hope to re-establish them nearby," says John Booker, "we still need to build up dealer support and get the deal put together, and that is what we hope to do."
Booker says two-thirds of the building is now vacant, so it is ready for redevelopment. In addition to the new apartments plans call for a lot of amenities. "We'll be putting in a pool, community gardens, a fitness center, a day care, and we plan to put a restaurant on site," says Jeff Underhill.
The Underhills believe their investment will bring more restaurants and businesses to the Germantown and Schnitzelburg neighborhoods. "Having living possibilities in Germantown where people who work downtown and want to play in the Highlands, well this provides a great opportunity," says Colin Underhill.
Underhill Associates rebuilt the run down Camelot Shopping Center successfully and transformed it into Westport Village.
The renovations are set to begin during the first quarter of next year with the project completed near the end of 2015.
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