LOUISVILLE, Ky. (WDRB) --  A Cincinnati developer plans to transform the southwest corner of Hurstbourne Parkway and Shelbyville Road, tearing down some aging strip center buildings and constructing several restaurants, a grocery store, a parking garage and a hotel.

An affiliate of Viking Partners, a private equity real estate investment firm, bought the roughly 28-acre property known as the Hurstboune Business Center for $41 million in October.

The company now plans to demolish the building that used to house the ValuMarket grocery store and the building that houses Z’s Oyster Bar, while leaving the P.F. Chang’s China Bistro building and the two office towers, Hurstbourne Place and Hurstbourne Park.

Brownies The Shed Bar and Grille could be forced to move. It's been in the business center for more than a decade. Owner, Jason Brown says there is a chance he could re-open in the new shopping center, but nothing is promised. He says he will do his best to stay in the Hurstbourne area, but has expressed interest in other areas of Louisville. 

"The good thing is they don't look at breaking ground for at least another year," Brown said. "The fact that we have 12 months to prepare makes us feel a whole lot more comfortable."

Viking also plans an 80,000-square-foot grocery store with a gas station, two free-standing restaurants, a retail strip center and a two-story parking garage on the site, according to documents filed June 30 with Louisville Metro Planning & Design Services.

The hotel would be five stories and have 149 rooms, according to the plans.

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