IMAGES | First model condo at The George in east Louisville ready for a tour
Underhill Associates bought the Regency Tower in September to bring to condos to their full potential and start selling them again. The building is now called The George.
The Regency Towers off of Highway 42 were a big bust.
“It hit the market at a very challenging time,” Developer Colin Underhill said.
The luxury condos were for sale during the recession when people weren't buying property. Then, the building went into foreclosure. A different developer, Underhill Associates, bought the building in September to bring to condos to their full potential and start selling them again.
“We're really excited to continue to roll out our new brand, which is The George, and distance ourselves from the prior naming and set up of the building,” Underhill said.
Construction started back in the early 2000s but was never finished.
A lot of the condos are still unfinished, but WDRB got one of the first looks inside the new model unit that was recently completed.
“We are excited to officially be in businesses by closing on our first unit,” Underhill said.
Underhill Associates say they bought 44 units, and they're already prepared to sell seven.
There is a long list of high-class amenities at The George, including a pool, a concierge, a temperature-controlled wine cellar, storage units, a hotel style guest suit and private parking where residents can get their cars detailed. The newest idea is to add a room inside the workout facility for kids to play.
Parents and grandparents can rent a stroller or toys for their visitors.
“We know that within a condo, you might not have absolutely everything you need to accommodate those kids or those grand kids,” Underhill said.
The George is off to a good start, but there's still a lot of work to be done.
“You've got balconies that look like they have black mold growing all over the front of them," Underhill said. "It's not actually mold, but there is a bunch of gunk or debris that has built up for 10 or 12 years.”
The outside work and work on the common areas should be almost done by the end of the year. More model condos will be finished by February.
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.
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