Construction begins on apartments near Liberty Green
LOUISVILLE, Ky. (WDRB) -- The demand for apartments near downtown Louisville remains strong, according to one well known local developer.
Construction is underway on South Hancock Street between Jefferson and Liberty Streets just east of the central business district.
It is the site of City Development Group's 173-unit apartment complex that will be known as 310 at NuLu.
"The key to downtown housing is jobs," says Bill Weyland with the City Development Group. "With Humana, Kindred healthcare, ZerMed and other technology companies growing jobs, there is a continuing demand for new housing."
Many years ago this area was blighted, the old Clarksdale housing project. But things have changed during the past decade.
A mix of single family housing, and apartments now dominate the area.
Two years ago Weyland's group completed another apartment and retail complex across the street from the current construction site.
The area is called the Edge and is part of what is now known as Liberty Green.
Says Weyland, "the real focus is the connection of the U of L Medical Center to NuLu and this is the block that is in between and will connect the two."
Weyland says his company has not had any problem filling up his current complex.
"It is especially a good market for downtown because a lot of jobs are being filled with people from out of town," says Weyland.
He says 75 percent of the calls his company receives are from out of town people getting ready to move to Louisville and who like to live in an urban setting.
The apartments now under construction are expected to be finished by the end of the year.
But Weyland says it won't be the last of his developments in this area by a long shot.
"We have multiple phases, we plan to be here another 10 to 15 years," he adds.
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