LOUISVILLE, Ky. (WDRB) – Its developer calls it the biggest private project in Louisville’s history – a $450 million to $500 million complex containing three towers rising up to 34 stories tall.
Jefferson Development Group, led by Kevin Cogan, submitted a revised version on Monday of One Park, its proposed mix of hotel, office, condo, apartment, retail and restaurant space at the corner of Lexington Road and Grinstead Drive.
The proposed development at the foot of Cherokee Park would be on a scale similar the KFC Yum! Center, which cost more than $400 million when built in 2010, and the Omni Hotel downtown, which cost more than $300 million and opened last year.
One Park, according to the new filing, will be “a stunning building design that will receive national acclaim for its architecture, combination of interactive uses, and prominent location next to a major urban park at the gateway to Louisville’s downtown.”
The tweaked One Park plan is the result of two years of collaborative design with neighbors, and Jefferson Development Group is ready to move forward “fairly quickly” with a zoning change needed to accommodate the project, according to Bill Bardenwerper, the attorney handling the case.
In an email, Bardenwerper said the Metro Planning Commission could vote on One Park as soon as January or February, after which the plan would move to the Metro Council, which has the final say on zoning changes.
The architect for One Park describes the complex as a “layer cake,” with one of the towers devoted to an unnamed hotel and the other two for apartments or condos:
The lower floors would be a mix of office, retail and restaurant uses.
In all, One Park would have 581 apartments or condos; 299 hotel rooms; three floors office space that could accommodate 295 workers; nearly 36,000 square feet of convention space; nearly 30,000 square feet of space for retail, which could be a small grocery; and just over 11,000 square feet of restaurant space.
The presentation for the revised development is below: