LOUISVILLE, Ky. (WDRB) — The historic Colgate-Palmolive site in Clarksville is one step closer to getting a makeover.
Louisville developer Weyland Ventures is in talks to redevelop the long-sought property as reported by our partners at Louisville Business First.
This news comes as the 2022 eminent domain case brought by the Town of Clarksville is set to be dismissed.
The Clarksville Town Council and Redevelopment Commission unanimously approved a settlement agreement with the property's current owner, Clarks Landing Enterprise Investments LLC, during a special meeting on Tuesday. If the court agrees to the settlement on Friday, Weyland Ventures can move forward with its redevelopment plan.
The building has been unoccupied since Colgate-Palmolive relocated the plant in 2008. The property was purchased in 2011 by Boston Development Group before being transferred to Clark's Landing in 2014, according to WDRB reporting. Clark's Landing is owned by the same group as Boston Development.
In 2022, the Town of Clarksville condemned the building, using eminent domain to acquire, protect and reuse the historic site at a later date after years went by without any redevelopment movement by Clark's Landing, town officials said.
Weyland Ventures' plan for the historic 960,000-square-foot site includes remodeling at least two of the 20 buildings into a restaurant and hotel, LBF reports. The company also hopes to use open spaces throughout the property as a walkway for pedestrians to connect to the history of the building.
"I love historically anchored redevelopment projects where you have the influence of history, but you've got some opportunity to make some new things happen," Weyland Ventures' Chief Strategy Officer Bill Weyland told LBF.
Weyland Ventures' past projects in Louisville include the Louisville Slugger Museum and Factory, Whiskey Row Lofts and Glassworks.
Before becoming the Colgate-Palmolive plant, it was the site of Indiana's first state prison in 1847, becoming a state reformatory 50 years later. The property was acquired by Colgate in 1924 and is also on the National Register of Historic Places. The famous clock on the building, built in 1906, was moved from Jersey City to Clarksville for the grand opening.
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