The planned location will have a pharmacy and liquor store.
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Javontae Moore is facing a $1 million bond.
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According to the Jefferson County Coroner's Office, that man has been identified as Jordin Barnes, of Louisville.
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Officers say the victim, who was on a bicycle, had been shot to death.
The Ridge Liquors is open seven days a week.
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Fairdale Fire Chief Darrell Roy told WDRB the fire started around 6 a.m. while the business located south of the Muhammad Ali airport was closed.
When police arrived at the scene of the liquor store, they found Valparaiso, Indiana resident Michael Stowers crawling out of the truck.
The video shows two men smashing through the front door of State Liquors near Saint Matthews around 3 a.m. Monday.
It's the first liquor store to open in the city since it passed expanded alcohol sales.