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abdulsharifshoots.com
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A new look for the city's 'front porch'
600-plus condos likely near Towhead Island




The new $200 million project will include a 10,000-square-foot sales center and a public plaza between the two towers.


Rendering by The Poe Companies The condos will have one to three bedrooms — and most will cost $139,000 to $299,000. First occupancies are expected in spring 2008.

A $200 million plan to build more than 600 condominiums across from Towhead Island is expected to get the go-ahead today with ground-breaking occurring this fall.

The Poe Companies, led by local developer Steve Poe, will seek final design approval today from the Waterfront Development Corp. board. Later signoffs will be needed from the Metro Planning Commission and the Army Corps of Engineers, but Poe said yesterday that he expects to break ground by early fall, with first occupancy in spring 2008.



Poe said the group is developing "one of the country's largest mixed-use, urban waterfront developments."

The 42-acre site north of River Road, just downriver from Beargrass Creek, will "dramatically change our hometown's front porch," Mayor Jerry Abramson said.

The city has been holding the land for a housing development since the 1980s. A previous group called FallsHarbor lost the rights in 1999 after trying for years to develop the property once occupied by Thruston Park.

RiverPark Place will have two 16-story towers with 215 condos.

South of the towers will be four, five-story buildings with 408 more condos.

The condos will have one to three bedrooms -- and most will cost $139,000 to $299,000, Poe said.

The development agreement with the city calls for Poe to pay the city 4 percent of the proceeds from all condo sales for use of the land.

Developers have compiled a list of 250 people interested in purchasing units, he said.

The project also will include a 10,000-square-foot sales center and a public plaza between the two towers.

"It is intended as a congregating place, where you can sit and eat ice cream," Poe said.

Other features include a promenade along the river linking with Waterfront Park, an outdoor pool, 1,300 underground and surface parking spaces and a 144-slip marina.

Poe said the partners plan continuous construction in the next seven to 10 years once the first phase is complete. Later plans call for up to 900 more riverfront dwellings at the site.

Under an agreement with state historic preservation officers, Poe Companies is spending $450,000 to dig in four areas where old pottery shards, tool remnants and other artifacts were found in the early 1990s. Poe said the areas will be studied and any artifacts cataloged and saved.

Reporter Sheldon S. Shafer can be reached at (502) 582-7089.
http://www.courier-journal.com/apps/pbcs.dll/article?AID=/20060524/NEWS01/605240431
 

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This is it. It's funny how I mentioned this type of development being a major benefit for Louisville on another thread. It will only add to "Kentucky's Jewel."
 

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This is an awesome project, I'm glad to here it's getting the go ahead. The price range is what excites me the most. I'm getting out of college in a few years and this seems like to be in my price range....hopefully. I can only imagine the views from this place.
 

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President of Catan
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Isnt it my luck. I saw this story and went straight for the New thread button. :tongue2: A mod can go delete mine.
 

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Raleigh-NC said:
Looks like a nice project to me :eek:kay: The first image seems to be a subset of the last one, right?

It should be noted this project is being built in phases. The first pic is phase 1 which will break ground in the fall--it will consist of twin 16 story towers, and 4 rows of 5 story condos behind for a total of 600 condos to be open by the end of 2008. After that, phases 2 and 3 will break ground adding up to 900 additional units in the towers and midrises depicted in the last picture. It could take almost 10 years by the time phase 3 is complete.

For what ever reason, the local newspaper does not explain things well.
 

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Great project. I was surprised that the prices started in the mid-100's for such a great location.
 

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Captain
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This is a huge step for Louisville's waterfront! Great news!
 

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Cory
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Very nice!!! I liek it a lot. I was hoping that this project wasn't falling by the way side!
 

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Captain
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First Museum Plaza, now this, what will Louisville's next trick be???
 

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Great news that this project is finally getting the go ahead but of course I have to put my 2 cents in and I'm usually pretty crabby. This is no exception :)

Is this really the final design? If so then.....

1. Aesthetically blah...From some angles, the low rises look more like college dormitories to me.

2. I think the views from the towers (especially toward downtown) would be better if they were placed diagonally from one another. As it is now, looking from the East tower, you will have a glorious view of the West tower. Wow

3. The parking lot should be axed but if it must be there, this is a rare exception where I would probably place it on the front road (River Road). Currently, It breaks up the view (and potential park space) when looking out of the back of the lowrises towards the river.

I'm not all bah humbug though. I like the central public area and the fact that this will basically extend Waterfront Park even further. The marina is a wonderful feature too.
 

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BOILERMAKER
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I agree with Cardpooch...it looks like this is something to be built in Nashville, Charlotte, or Raleigh....not Louisville. It looks far too "New South" and blah to me.
 

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Cory
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I do agree that the renderings are boring...to say the least. BUT, the project is very exciting!

BTW, Scraperboy seems vaguely familar...could it be that Gych has resurfaced???
 

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talk about some cheap renderings, these things were done on sketchup, anyways i hope they use brick on the facade not a faux brick, i like it, looks very american.
 

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Fly Nashville!
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LouisvilleJake said:
I agree with Cardpooch...it looks like this is something to be built in Nashville, Charlotte, or Raleigh....not Louisville. It looks far too "New South" and blah to me.

HUH? Is Louisville is too good for what most new designs look like or something? That is a stupid comment and is just asking for me to jump in here.
 

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Aside from the two towers, I like the human scale this development will be built to.
 
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