LOUISVILLE, Ky. (WDRB) -- Today is a landmark day at the University of Louisville's ShelbyHurst Office and Research Park.

A topping off ceremony was held for the third office building in the park today. The event marked the placement of the highest beam on top of the structure.

The 500 North Hurstbourne building will be a four-story, 120,000 square foot building.

U of L officials say the project got off the ground because of President James Ramsey.

"One of his goals is to take non-performing assets and to turn those into performing assets to generate revenue for the University of Louisville," said Bob Hughes of the U of L Board of Trustees. "Obviously to enhance salaries of the faculty, staff, and hopefully to keep tuition down and more scholarships."

500 North Hurstbourne is scheduled to open for business next summer.

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