As mentioned on the blog recently, Grisanti Group has placed Cluckers, Gray’s College Store, Home Run Burgers, and Qdoba Mexican Grill in Cardinal Towne, the new student living complex near UofL’s campus. As the school year approaches, the site is really coming to life.
The residential section should be finished in the beginning of August and ready for students to move in on the 15th of the month. In the meantime, the commercial spaces on the ground floor will continue with their own build-outs and should be open for business soon.
On August 10th, 3rd Street Development with host the Official Ribbon Cutting Ceremony at 1:30 p.m. Distinguished guests will include Louisville Mayor Greg Fischer along with dignitaries from the University. Those in attendance will be allowed to view the residential and commercial areas of the development.
Cardinal Towne will host more events throughout the fall, and we will keep you posted on happenings. In the meantime, we recommend you go and take a look for yourself and enjoy this revitalized part of Louisville.
Our listing at 4414 Louisville Avenue is a total of 20, 800 s/f, consisting of three attached buildings on two lots.
When it proved difficult to sell the entire property, we divided the property and conquered market resistance by selling off the 6,800 s/f portion. Steve Lennon and Paul Grisanti represented both the Seller and the Buyer in this transaction, which closed on July 12th.
The Grisanti Group team works constantly to find creative solutions for our clients; this is especially important as commercial real estate gradually emerges from its slowdown.
What do Louisville, KY and Augusta, GA have in common, besides the obvious connection to the Masters and the PGA tour at Valhalla?
Grisanti Group agent Jim Hutcherson successfully listed, marketed and sold the Piccadilly location on North Hurstbourne Parkway near Shelbyville Rd in Louisville, KY. As a result of his efforts, he has been retained as a consultant to dispose of three Georgia Piccadilly properties located in Marietta, Warner-Robins, and Augusta.
Property and equipment are available. These high-traffic locations offer great business opportunities for restaurants or commercial land development.
Principal broker Paul Grisanti, who is licensed in Georgia, has the three properties listed and can be contacted for further details.
Our self storage clients might find some useful information in the 2011 Legal Learning Webinar Series being hosted by Inside Self-Storage thru their website, insideselfstorage.com/webinars. In this monthly lecture series, an attorney addresses issues that affect the industry. The hosts from ISS will answers questions directed at self storage owners, managers, investors, and developers. Some topics covered will be: legal mistakes to avoid, how to handle storage units in the event of death, divorce, and bankruptcy, and how the reality TV shows Storage Wars and Auction Hunters are changing the business.
Don’t hesitate to contact your Louisville area self storage experts, the brokers of Grisanti Group Commercial Real Estate, with any questions you have on the local industry. Mike Helline and Paul Grisanti, members of the Argus Self Storage Sales and Marketing Network, are ready to find and sell your properties in Kentucky and Southern Indiana.
As the University of Louisville sought to expand student housing options, it gave its blessing to private developer Investment Property Advisors to construct a state-of-the-art student living complex on the northwest corner of campus. Set to begin leasing this August, Cardinal Towne will provide furnished apartments for 540 students along with amenities such as pool, fitness center, study and lounge areas. Grisanti Group is proud to represent four of the commercial tennants which will occupy the ground floor of this impressive development situated on Cardinal Blvd between S. 3rd and 4th Streets, at the site of the old Masterson’s Catering.
With Paul Grisanti’s experience in the restaurant business and past success finding sites for casual dining clients, it is no surprise that Grisanti Group has placed student-favorites Qdoba, Home Run Burgers, and Cluckers at the doorstep of Cardinal Towne’s residents.
Of course, these students will have to attend class every once in a while, and Gray’s College Store will conveniently serve all of their book, supply, and Cards gear needs.
Cardinal Towne promises to be destination living for UofL students, and will provide Old Louisville with a neighborhood retail center. We at Grisanti Group Commercial Real Estate are confident that our clients will prosper in this exciting new location.
Grisanti Group brokers Steve Lennon and Paul Grisanti have recently closed the sale on the property at 3709 Mattingly Rd. in Buckner, Oldham County, Kentucky. This 1.33 acre, 6,000 square foot warehouse space with finished office space, loading dock and drive-in door will be used by Fivestar Wheels LLC. The sale price was $245,000. We wish Fivestar Wheels the best of luck on their expansion.
Please make sure to visit the Featured Properties! There are several new listings and interesting properties with new pricing!!
The retail building located at 3007-9 Dixie Hwy was sold twice in the last month. Grisanti Group represented the seller in early March and represented both the new seller and new buyer in early April. Steve Lennon was the agent for Grisanti Group.
Although new development has been hampered some from the recent economy, we have noticed activity picking up dramatically for leasing and purchasing of developed properties. Since we monitor the market daily, we know where the deals are and we know the market well enough to advise our clients on such information.
We are keeping busy and look forward to another record year for Grisanti Group!