Press
May 21, 2015
Home rentals are on the rise in Louisville, with the number of residents who choose to rent a home rather than buy one at a 10-year high. We explored that trend in a recent issue of At Home, a special publication dedicated to exploring where and how locals live. As part of that story, we also got access to three apartment complexes — the Meridian on Shelbyville, the WaterSide at RiverPark Place and the Veranda at Norton Commons — that prove that apartment living doesn’t have to mean scaling back. Check out the slideshow at right to see what we’re talking about. Source: A look inside upscale apartments in Louisville – Louisville – Louisville Business... Continue Reading »
Nov 2, 2010
By Sheldon S. Shafer • sshafer@courier-journal.com • November 2, 2010 The on-again-off-again RiverPark Place housing and marina project along the Ohio River is poised to resume construction in the spring after 21 12 years of inactivity, according to its backers, who say they’ve arranged new financing for it. City and waterfront officials have been pushing for development of the 40-acre riverside tract, opposite Towhead Island and just upriver from Waterfront Park, for two decades. But the latest effort – by River Partners LLC, headed by Louisville developer Steve Poe of the Poe Cos. – was shelved in early 2008, after the flagging housing market quashed plans for a $75 million bank loan for construction. The project shutdown came after the partners had invested $17 million, mostly for studies and construction of infrastructure, including a seawall, about half of the marina, pilings for elevated parking, water lines and sewers, as well as preliminary roadwork and grading, Poe said. Poe said the partners never stopped trying to restart the project, and he noted that, “The plans have not changed.” The new financing plan includes $6.5 million in federal New Market tax credits obtained recently through the non-profit Community Ventures of Lexington, he said, noting that investors who buy the credits will receive a tax break that will, in turn , generate about $1.7 million in capital that can be applied toward RiverPark Place’s development costs. Poe said the partners also have tentatively arranged for a $4.5 million conventional loan with a Louisville bank, which he declined to identify until the deal is signed. He predicted that would be within 90 days. Poe...
