Economic Development Newsroom

New Development at The EDGE at NULU

Thursday August 22, 2013

The EDGE at NULU is a mixed-use development dispersed throughout a 12 block area in eastern Downtown Louisville. Located just north of the Medical and Research District within the Clarksdale Revitalization area known as Liberty Green, the EDGE is part of the overall multi-million dollar Liberty Green HOPE IV project that has been led by the Louisville Metro Housing Authority. This new development provides exciting new housing options to serve the Medical district, the growing cultural district along Main and Market streets, and anchors the eastern edge of Downtown. Amenities in the area such as restaurants, markets, gardens, and courtyards will enhance the Development’s marketability.

“Liberty Green and the EDGE at NULU development have transformed the eastern edge and gateway to downtown and has been embraced by a mix including young professionals and medical center employees and University of Louisville students,” Mayor Greg Fischer said. “Retail is a key ingredient and this new market and Subway are already proving popular with residents and nearby workers.”

The location of the EDGE builds on its relationship to the Phoenix Hill neighborhood and the East Market gallery district and its proximity to Slugger Field, Waterfront Park, the expanding University of Louisville Health Sciences Center, the downtown medical district and its various hospitals, the new Nucleus building, and a variety of local employment, dining and entertainment options.

A Mixed-Use Neighborhood

In order to provide dining and retail options for the greater neighborhood, including the medical community and hospitals, the mixed-use Park Edge project includes a Subway, the NULU Edge Food Market, a southern food restaurant coming soon, and 9 rental apartments. Locally owned and operated, the Subway and NULU Edge Food Market opened in August 2013 and have immediately been embraced by the neighborhood for providing fresh food options within walking distance.

Small pocket parks located across from Park Edge provide green space and areas for outdoor programming. The neighborhood masterplan envisions festivals, farmers markets, neighborhood events, walking paths, and a vibrant community.

Living at the EDGE

The EDGE also offers a residential product not yet available in Louisville but highly sought-after in other cities. The mixed-use concept is patterned after other major metropolitan areas with vibrant urban lifestyles, including Chicago, Washington, D.C. and Boston. Creating a place where people can experience the conveniences of urban living adjacent to Louisville’s central business district and providing necessary services and amenities will help ensure the success of the development.

Across the street from Park Edge, the first phase of the EDGE Development includes three to four story “CityHome” Row Housing units with multiple floor plan configurations. These units range in size from 550 sq ft 1 bedroom units to 2,400 sq ft 3-story units. These are aimed at a target demographic interested in market rate urban housing with privately controlled exterior green space, garages, and roof decks.

The CityHomes offer private rear courtyards, front English patios, roofdecks, and garages to buyers of various units. The upper level 2- and 3-story homes include a private rear courtyard with a landscape allowance and either a 1 or 2 car garage, privately owned and secured. The 3-story homes will offer a walkout roofdeck from the 3rd floor of the unit. The garden level homes offer a private English patio at the front of the unit and the option to purchase a 1-car garage. All of the CityHomes in the first phase benefit from shared use of 2 large green spaces along Hancock Street which will further be programmed as parks.

Later phases of construction will include different home styles to accommodate the wide range of people interested in an urban lifestyle. Future construction of four to six story mid-rise multi-use buildings designed to provide a greater density will also offer further opportunity for storefronts with varying levels of residential and non-residential uses above.

The Quad Apartments

The first phase of construction at the EDGE began with a building of apartments aimed to serve the professional students at the University of Louisville’s Health Sciences Center. Opened in July 2011, the 28 unit, 3 ½ story building includes a mix of studio, 1 bedroom, and 2 bedroom units along with common lounge and study space to provide a modern, comfortable housing option for the many students seeking housing close to the medical district. In addition, the building includes living quarters for a University of Louisville School of Medicine faculty member, providing students with an opportunity for significant faculty-student interaction outside of the classroom setting.

Introducing the Development Team

City Properties Group of Louisville and AU Associates of Lexington were chosen as master developers for the EDGE, the homeownership portion of the Liberty Green development. City Properties Group, led by Bill Weyland, has served as developer for the first phases of the EDGE.

Park Edge, the City Homes, and the Quad are all joint projects of two creative Louisville companies, City Properties Group and The Weber Group, a design and construction company.

Sabak, Wilson, & Lingo, Inc. and Genesis Engineering of Louisville provided engineering consultation for Park Edge. The Weber Group served as the general contractor on the project.

Project financing for Park Edge was provided by Metro Bank and DHA, LLC, the Downtown Housing Fund.

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