Kevin Cogan plots huge mixed-use development next to Slugger Field
Local developer Kevin Cogan is now targeting a downtown Louisville parking lot across the street from Slugger Field for a significant mixed-use development.
Cogan’s Jefferson Development Group filed plans with Louisville Metro Government this week to construct an eight-story apartment complex with 343 units and 11,000 square feet of commercial space on roughly two acres at 418 E. Main St. The project is known as 422 e-Main and would offer 656,000 square feet of total space, the plans show. JDG has owned the parking lot through an affiliate for more than a decade.
According to the development plan, the project would include three interior courtyards and access from East Main Street. It also features three levels of above-ground parking. In 2008, an 18-story office building with retail uses was approved for this site, but the project never came to fruition.
The cost of the development and prospective lease rates were not disclosed in the proposal. I have reached out to Cogan for more information and this story could be updated.
JDG is now promoting the project on its website and said the development will be equipped with a saltwater swimming pool, outdoor cooking stations, a 24-hour fitness club, business center, concierge trash services and a 24-hour maintenance staff.
The units themselves will be outfitted with modern features, such as granite countertops and garden-style tubs. JDG said in the filings that the project will promote additional growth in an already developed area of East Main Street.
Cogan is one of the most well-known developers in town for the ambitious nature of his projects, including the Willow Grande condo development in the Cherokee Triangle area and the One Park mixed-use development at Lexington Road and Grinstead Drive, which will be 18 stories at its peak.
I reported last week that Louisville Metro Council's Land Development & Transportation Committee set a Sept. 30 public hearing for the One Park project, which could attract hundreds of attendees. The meeting is set for 6:30 p.m. at the Kentucky International Convention Center in downtown Louisville and will allow testimony from the public.
One Park is a roughly $275 million development that would include a mix of residential and commercial uses, such as apartments, a hotel and retail space at the triangle of Lexington Road, Grinstead Drive and Etley Avenue. JDG wants to rezone the site from the C-2 zoning district to a planned development district, which is a special zoning designation.
The hearing date comes with a caveat: The committee continued the case to its Sept. 12 meeting to discuss an updated traffic study for the project that is due this week. If lingering traffic concerns come from that meeting, the public hearing could be canceled. Several who spoke during last week's committee meeting actually asked the committee to delay a public hearing because the traffic study was not finished.
One Park was originally proposed at 34 stories until JDG offered up a drastically downsized plan to a mixed crowd of supporters and opponents earlier this year. The new plan eliminates two of the three proposed towers and trims the remaining tower to 18 stories. Most of the development would stand no taller than 11 stories under the new plan.
Louisville land use attorney Bill Bardenwerper, who has been working on One Park with Cogan for several years, said the latest plan calls for 421 apartments and/or condominiums. It also calls for a luxury-branded hotel with up to 250 rooms and a little more than 49,000 square feet of retail and restaurant space. Article: https://www.bizjournals.com/louisville/news/2019/08/27/kevin-cogan-plots-hugemixed-use-development-next.html
By Marty Finley – Reporter, Louisville Business First
Aug 27, 2019, 11:01am EDT