Sunday, September 30, 2012

Construction Update: Falls City Lofts on East Market Street



Construction has continued at a steady pace at the Falls City Lofts on East Market Street.  New windows have been added to the front, many additional window openings have been cut into the structural east wall, and a new roof, complete with an extended fourth floor have been added to the former Bacon - Debrovy Building.
Additionally, a driveway has been added leading to parking in the basement. Plans for the space include condos on the upper floors, some with terraces and views of the Ohio River, and two retail spaces on the first floor.

Positioned between Nulu, Slugger Field, and the UofL's Nucleus medical office park and armed with a somewhat lower price point than previous condo developments, hopefully, this project can help jump start the downtown condo market as we slowly pull ourselves out of the economic downturn.

More pictures after the jump:

Sunday, September 23, 2012

Demolition Watch: Whiskey Row Demolition and Stabilization Continues

Work continues on the Whiskey Row block of Main Street.




The two central buildings have been stabilized with a new roof and new interior support work, as well as extensive tuck-pointing on the front and back facades.

The two buildings on either side of the stabilization work (4 buildings in total) are not as lucky and are currently being demolished, with only their facades being preserved.


The two eastern-most buildings being demolished, still owned by Todd Blue's Cobalt Group, are being cleared away to make room for a new parking lot.

Previously, Blue's group had proposed an ambitious mixed-use development named Iron Quarter for the block, which stalled with the financing collapse of 2008.

Steve Wilson and Laura Lee Brown stepped in and purchased the remaining properties from Blue and began the stabilization work.  Unfortunately, the two western-most buildings of the group were found to be structurally unsalvageable and they are also being taken down, while their facades are preserved.

Wilson and Brown have previously stated their intent was to stabilize the properties and make them fit for another group of developers to complete.  There have been no recent announcements regarding their current intentions or prospective buyers, and it is my hope that they can recreate some of their magic from their wildly successful and growing 21c Hotel chain on this block.  Perhaps something bourbon related to pay homage to the block's history and add to Louisville's burgeoning aspiration to become an "Urban Bourbon" destination.

More pictures after the jump:

Construction Watch: Stabilization work at Michter's Distillery in the Ft. Nelson Building

Following several weeks of foundation and footer work, structural steel supports have gone up to provide stabilization for the bulging east wall of the building, blocking much of the currently closed Eighth Street.


More pictures after the jump.