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Old 04-27-2011, 01:30 AM
 
Location: Louisville, Kentucky
7 posts, read 14,972 times
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I'm wondering if the KFC YUM Center will eventually create more demand for downtown living. Main Street is looking much better but will there ever be an expansion of downtown living? What happened to the Museum Plaza 62 story buildings/ What is the status?
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Old 04-27-2011, 05:56 AM
 
Location: Louisville KY Metro area
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Quote:
Originally Posted by LouisvilleHighlands View Post
I'm wondering if the KFC YUM Center will eventually create more demand for downtown living. Main Street is looking much better but will there ever be an expansion of downtown living? What happened to the Museum Plaza 62 story buildings/ What is the status?
I hope Museum Plaza is dead. The world "ugly" doesn't have to be said or written.... it's just not a style worthy of the pretty Louisville sky-line.

Downtown living... maybe... but I think the jury is still out.
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Old 04-27-2011, 01:54 PM
 
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I'm moving into SoHo lofts sometime this summer which is in East Downtown (or Nulu/East Market District, whatever). It really seems to be an up and coming area, with several other condo/apartment options. I think it is safer than some other downtown locations, like Old Louisville.
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Old 04-27-2011, 04:27 PM
 
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Downtown living is expanding to some degree. I know there are some new places opening up soon near the KFC Yum arena (ie Whiskey Row Lofts). There has also been plenty of talk about retail/restaurant development in the area around the arena for a while now which I think will spur more residential development. One such article about progress on this front is here (Louisville Mayor Gives OK to Demolish Downtown Whiskey Row Corridor - CoStar Group). This is also a good site to kind of keep up with some of what's going on in town (Broken Sidewalk - Covering Louisville Neighborhoods)

As for Museum Plaza, they had part of the money, but not all of it and I think the economy has slowed things down. I personally hope the thing never gets built because it looks horrible and doesn't fit in at all with the rest of downtown. It will probably get done eventually though.
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Old 04-27-2011, 04:46 PM
 
Location: Crescent Hill
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As Amir notes, there are quite a lot of new options for downtown/NuLu living. There are the Whiskey Row lofts there on the corner of 2nd and Main across from the arena, the Ice House Lofts just a couple blocks farther down Main, and further east there's The Church, the Soho Lofts, and I think a couple other condo developments. And there's the Liberty Green mixed-use development between Liberty and Jefferson, just south of the East Market area.

The problem with downtown living is that 1) most of the development is aimed at fairly wealthy folks, not at middle-class type home prices; and 2) downtown still lacks a lot of basic amenities, such as a grocery store. Anyone living downtown would have to drive a ways to get to any kind of grocery or other retail space, which kind of defeats the purpose of a downtown, walkable lifestyle. Unfortunately, it's sort of a chicken-and-egg problem, as no grocery store or major retailer is likely to locate down there until there's enough of a population base to support it.

I think we'll see an upswing in downtown living over the next decade, but it'll be slow.
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Old 04-27-2011, 04:57 PM
 
798 posts, read 1,942,445 times
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I also thought I would post this link to a map of population changes in the Louisville metro based on the 2010 Census Data. You can see areas of darkest blue, which represents the greatest population gains, in and around downtown although there are plenty of red areas within the old city boundaries. (Louisville, Kentucky – Population Change 2000-2010, U.S. Census Data)
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