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[Louisville] Iron Quarter development


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$50 million showcase on Main Street, Buildings to become offices and stores

Key --

1. Includes one block of 100+ old buildings once part of the Whiskey District.

2. Project is worth $50 million and will contain offices and retail.

3. A 12 to 14 story glass and steel building will be built that incorporates some of the run-down facades along Main St. btwn. First and Second.

4. Owner bought nine adjoining tracts in the block for $4.75 million.

5. Ground will be broken by year's end and will be complete mid-2010 ... right before the arena does.

6. Was to be home to Whiskey row, a mixed-use development that would have included a hotel, plaza and apartments. Announced in 2000, never materialized. A building also collapsed during that year.

7. Owner will spend $1 million to save the existing buildings' facades. The existing three- and four-story buildings, built between 1877 and 1905, will be demolished otherwise.

8. 110,000 sq. ft. of offices on the upper floors; 120,000 sq. ft. of retail (25 stores on the first and second floors); 500 parking spaces, half underground.

Article information: "$50 million showcase on Main Street, Buildings to become offices and stores, By Sheldon S. Shafer, The Courier-Journal, Wednesday, March 21, 2007"

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Officials expect more downtown projects

Key --

1. The $50 million Iron Quarter development on W. Main St. will not be the last significant development in downtown, spurred by the planned $400 million arena.

2. More projects expected to be announced within the next 1- to 2-years.

3. The arena, at Second and Main, is expected to open by 2010.

4. Iron Quarter is named after Main Street's cast-iron building facades. It will be a lifestyle center and all about "shopping", and will be the first substantial new retailing space since the ill-fated Galleria opened in 1983.

Iron Quarter will serve the growing number of people living, working and visiting downtown. The north side of the development along Washington Street will have shops and will function as a pedestrian walkway to the arena.
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