Similar Projects
Reported | 06/17/2022 11:48 AM |
Project Title | Louisville Community Grocery (LCG) |
Physical Address | View project details and contacts |
City, State (County) | Louisville, KY 40281 (Jefferson County) |
Category(s) | Commercial, Entertainment/Recreation |
Sub-Category(s) | Clubhouse/Social Club, Retail |
Contracting Method | Bids by Invitation. |
Project Status | Seeking Funding, Construction Start Expected March 2023 |
Bids Due | View project details and contacts |
Estimated Value | $8,500,000 [brand] Estimate |
Plans Available from | |
Owner | View project details and contacts |
Architect | View project details and contacts |
Description | Site work and new construction of a mixed-use development in Louisville, Kentucky. Conceptual plans call for the construction of a 15,000-square-foot retail development; and 3,000-square-foot clubhouse / community center. Plans call for the construction of a 15,000 square foot co-operative grocery store, 3,000 square feet of retail space and community meeting space. As of June 16, 2022, this project is in planning and seeking funding. Information regarding an architect and general contractor has not been disclosed. A firm timeline has not been confirmed.* The Community Foundation of Louisville is giving two acres at Preston and Finzer Streets in the Smoketown neighborhood to two nonprofit organizations, the foundation announced at a press conference on Wednesday. One acre of property will go to Rebuilding Our Urban Neighborhood Dwellings (REBOUND Inc.) and the other acre will be given to the Louisville Association for Community Economics (LACE). The property is located near the Lofts of Broadway. LACE will use the parcel bounded by Jackson Street to work to build a cooperatively owned grocery store to support the area in conjunction with the Louisville Community Grocery (LCG). Rebound will use its parcel of land to help start a community land trust in Smoketown."These two organizations are now the owners of their respective parcels with complete autonomy to use the land to complete their initiatives ... It's about the land, it's about ownership, but it's also about the foundation, deliberately sharing decision making and power with those that it is in partnership to help," said Ron Gallo, president and CEO of the Community Foundation of Louisville. The land is valued at nearly $1 million. It was given to the Community Foundation in 2015 by the Hillerich & Bradsby Co., which once operated a factory in Smoketown. LACE is a nonprofit developer committed to fostering an ecosystem of cooperative social enterprises built on racial and economic equity. Tiffany Michelle Brown, LACE's co-director, said the organization plans to break ground in 2023 on a project that will include a 15,000-square-foot co-operative grocery store, a 3,000-square-foot retail space and community meeting space.Along with the land gift, the Community Foundation also gave LACE a $25,000 grant that is renewable for five years. RECOMMENDED TECHNOLOGY Rubicon founder launches new platform to help athletes capitalize on NIL deals COMMERCIAL REAL ESTATE $60M construction project begins at growing Bullitt County industrial park EDUCATION Brandy, Frank Guston Jr. star at YWCA Circle of Women event: Slideshow Brown said LACE will start a capital campaign to raise an additional $8.5 million to cover construction costs. She added the grocery store is an attempt to end what she termed "Food Apartheid." "There are about 740 ZIP codes in this state and only five of them are majority black communities," Brown explained. "All five of them are here in Louisville. They are all here in Downtown and the West End and all five are food deserts, meaning the residents lack access to healthy affordable food." Brown said the Louisville project is being modeled after the Gem City Market in Dayton, Ohio. REBOUND Inc. was founded in 1993 with a mission to revitalize neighborhoods in low-to-moderate income households and create vibrant, stable and inclusive communities for individuals and families seeking homeownership. Its efforts are focused on closing the racial wealth gap caused by economic inequalities. Kevin Dunlap, REBOUND executive director, said his organization's plan is to hold and maintain the property until the community land trust is established. Then REBOUND would transfer the property to the land trust to make decisions on how it should be used. For me, that is the greatest advantage of this decision. We are allowing space for these two organizations to prove what is possible when community leaders are fully resourced to imagine, collaborate and try. Dunlap said REBOUND is working with the Center for Neighborhoods and Russell: A Place of Promise to identify Smoketown residents who would like to be on the board of the land trust. The Community Foundation has also promised a renewable grant to the project, and Dunlap said those funds will go to the trust once it's established. Ramona Dallum, Community Foundation vice president of equity and impact, said the foundation had previously hoped to build a community center and green space on the property. Once that project fell apart, she said the foundation went back to the community to ask what they wanted to see in their neighborhood. "For me, that is the greatest advantage of this decision," Dallum said. "We are allowing space for these two organizations to prove what is possible when community leaders are fully resourced to imagine, collaborate and try." |
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Details | Retail, 15,000 SF New Construction, Clubhouse/Social Club, 3,000 SF New Construction.
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