Area businesses hope Kindred Healthcare can be cure for S. 4th S - WDRB 41 Louisville News

Area businesses hope Kindred Healthcare can be cure for S. 4th St.

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The old Louisville Clock sits in a renovated Theater Square, but local business are hoping new tenants can revitalize the area. The old Louisville Clock sits in a renovated Theater Square, but local business are hoping new tenants can revitalize the area.

LOUISVILLE, Ky. (WDRB) -- It has been home to everything from nightclubs to a health spa and now a healthcare giant may finally help rehab Louisville's Theater Square.

It is a prime piece of downtown real estate, at Fourth and Broadway, across the street from the Brown Hotel, but over the years Theater Square has been a revolving door of businesses.

PVA records show Kindred health care spent just over $3 million to buy several properties that make up Theater Square, including an abandoned building, which was most recently a nightclub.

It's all right next door to Kindred's headquarters at 4th and Broadway.

"I have been their neighbor for over 10 years, and I can tell you that this is going to be good for everybody," said Larry Bisig, whose company, The Bisig Impact Group, is just north of Theater Square.

He hopes Kindred can do for this end of South 4th Street what 4th Street Live! has done for the other.

"That means more people are going to be employed, more folks inside of offices, and that means more need in terms of food and beverage, entertainment, hospitality, hotel, etc. So it's a big lift for this area of Fourth Street," he said.

But Kindred's plans for the property remain a mystery, as the company is not talking.

Two current tenants, the Bluegrass Brewing Company and Yafa Cafe, say they have heard nothing. The future of the refurbished Louisville Clock is also uncertain.

"All I know is that they're actually moving more offices' facilities over here," said Allen Grimm, manager of the Marketplace Restaurant across the street from Theater Square.

He hopes whatever Kindred does brings more foot traffic and awareness.

"It would increase lunch business and hopefully, dinner business also. Those employees might come back for a late night snack," he said.

"This is a big win. It's a big win for South 4th Street, It's a big win for the Theater Square area, and a big win for downtown Louisville," said Bisig.

For now, it's a wait for Kindred to announce its intentions, with many hoping the healthcare company will be the cure for South Fourth Street.

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