LOUISVILLE, Ky. (WDRB) -- It's an historic building that dates back to 1889 in Louisville's Germantown neighborhood and it will have a whole new use.
Renovation began in September to transform the old Goss Avenue Antique Mall into the Germantown Mill Lofts. That's the name of what will be 184 modern, one and two bedroom loft apartments in the giant brick building that runs a block long.
On Tuesday the developers got out the gold shovels for a groundbreaking ceremony to mark the start of the renovation project.
The apartments will have huge arch windows that will bring in lots of natural light. They will also have high ceilings and the original oak floors.
"The nature of loft style apartments is really to celebrate the history of the old building," says developer Jeff Underhill of Underhill Associates, "this building has what an architect would call good bones."
Underhill Associates will spend $3 million dollars alone on replacing the building's 1,079 windows. Total cost of the project will be about $20 million.
The complex will have a number of amenities, green areas outside and even a swimming pool.
"There will be a coffee shop, a restaurant, a fitness facility and things like that and bringing the neighborhood into the project, that will be our best source for success," says developer Colin Underhill who spearheaded the renovation of the old Camelot Shopping Center into Westport Village. Last year, Underhill Associates sold Westport Village and is no longer involved in that project.
The developers believe their latest venture will be a catalyst for further development in the Germantown and Schnitzelburg neighborhoods.
"We feel like this will be a connect with the rest of the neighborhood," says Jeff Underhill, "it is primarily a residential area and by putting loft style apartments here we will enhance the neighborhood as a walking area between downtown Louisville and the Highlands.
The apartments will rent from between $750 to $1,250 a month.
They'll be ready for occupancy by the end of 2015 if all goes as planned.
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