Lexington Center Corporation announces proposals for development

LEXINGTON, Ky. (WTVQ) – The Lexington Middle Company (LCC) introduced on Friday that it’ll settle for proposals to qualify a developer(s) to develop property within the coronary heart of downtown Lexington.

In keeping with Central Financial institution Middle, the particular web site location of the Excessive Avenue Improvement Undertaking is at present utilized as a big floor car parking zone situated instantly throughout Excessive Avenue from the newly expanded Central Financial institution Middle (CBC) and renovated Rupp Enviornment and is usually bordered by Lexington Middle Drive, Maxwell Avenue and Excessive Avenue.

The positioning is roughly 17.5 contiguous acres.

This undertaking, deliberate to construct out a web site assembled within the 1970’s into an city atmosphere with better density and better utilization, has lengthy been thought-about within the downtown lengthy vary planning course of.

Proposed improvement ought to help Central Financial institution Middle actions, particularly parking, but additionally add alternatives to contribute to a extra vibrant downtown.

It most just lately was envisioned in 2012 as a part of the proposed Rupp Enviornment Arts & Leisure District.

A Request for {Qualifications} from potential builders issued in 2016 was suspended pending an software to the Kentucky Financial Improvement Finance Authority for a tax increment finance district or TIF that was granted in late 2019.

Detailed details about responding to this HS-Undertaking RFP will be discovered at www.centralbankcenter.com/rfp

Previous post Fast Fashion Is Bad, So Is Shaming People Into Boycotting It
Next post All the industry news you need to know now