Is Portland the next NuLu? By the look of things to come, we think it just might be.
Called Painters Row, the $17.5 million multi-use development will transform the former masonry + timber warehouses on Lytle Street into offices, retail spaces, restaurants, and apartment units.
The project is being managed by CORE Real Estate Partners and headed by Gill Holland, Gregg Rochman, and Weyland Ventures — the same firm that’s bringing the new Myriad Hotel to the Highlands.
The 45,750-sqft development includes two buildings with four floors of commercial space + 71 apartments. These are slated to be a mix of studios and one- and two-bedroom units. Rental rates have yet to be finalized, but the apartments are expected to open this fall. The rest of the project is scheduled for completion by the end of the year.
“[We are] targeting a coffee or donut shop to take the first-floor space of the residential building,” said Krista Yockey, sales and leasing associate at CORE Real Estate Partners.
Not only will Portland’s future residents be within walking distance to their morning caffeine, but Painters Row is inherently close to other attractions like Shippingport Brewing Co., Louisville Slugger Museum, and UofL’s Hite Institute of Art and Design. There are also plans to help keep the area connected to downtown LOU.
“As phase four of the Waterfront Park Expansion nears completion,” Krista said, “Painters Row’s developers plan to build a bridge connecting the investment to the park, allowing our community to grow and enjoy all Louisville has to offer.”
