As patrons part ways with Makers Mark Bourbon House and Lounge -- which closed on Monday -- and Sully's Restaurant & Saloon -- which will close by early fall -- the sound of new development resonates throughout the complex.
Executives at Cordish Companies announced five new businesses that will open by next Derby.
"I think it will be exciting. I think we need new businesses downtown," said Louisville resident Shannon Edison.
The first new business to open will be the Jim Beam Urban Stillhouse, an establishment that will "provide guests with an interactive experience in the bourbon-making process."
Four unnamed restaurants will follow, including a farm-to-table concept, southern cuisine, a bourbon-themed eatery and a gastropub, additions some say are much needed.
"Over the years it's not grown as much as you would expect it to with all the growth around it. I think that anything you can put down here is going to benefit and expand outward," said David Carter of Louisville.
The development also includes over $2 million worth of renovations in landscaping, patio furniture, flooring and lighting for concerts to the 11-year-old facility.
It's an investment the manager says will pay off.
"There's so much great things going on downtown with all the hotel developments, with the Omni development, the convention center. We feel it's a great time to reinvest and keep current,” said Fourth Street Live General Manager Brad Pernaw.
Some people in the community question the owners' target audience, wondering if the new businesses will cater to them or tourists.
"I think it will really appeal to both,” Pernaw explained. “Whether you're from here or a tourist, if you like good quality food, you like quality programming and you like a vibrant downtown. I think we're contributing to that.”
Managers at Cordish Companies say the project should be complete by Spring 2016.
Copyright 2015 WDRB News. All rights reserved.