The Regency Tower is a mostly vacant luxury condo building in east Louisville off of U.S. 42 that was plagued with problems before going into foreclosure.

It was built in 2008, and after the real-estate market crashed, the building was never completed.

“There's nothing wrong with the building,” real-estate developer Colin Underhill said. “It wasn't built poorly. It wasn't built wrong in any way. Quite honestly, it was just bad timing. The project became virtually impossible to pull off when you're trying to sell a superior product at a premium price in a very challenging economy.”

On Friday, Underhill Associates finalized the purchase of the condos.

They’re calling the building "The George" after one of Louisville’s founding fathers, George Rogers Clark.

Everything will be completely refurbished, including the lobby with a concierge, the pool and the workout facility.

Other amenities include a temperature-controlled wine cellar and underground parking. Every unit in the 14-story building has a terrace.

Underhill Associates purchased 42 units. There are five floor plans buyers can choose from. Model units are also available for purchase and scheduled to be finished by Thanksgiving.

Unfinished units are from $250,000 to $1.3 million. Finished apartments are from $400,000 to $2 million. The largest unit is a penthouse.

For more purchasing options and pricing click here or contact Jordan Underhill at

Copyright 2016 WDRB Media. All rights reserved.