Archives for September 2022

EXCLUSIVE: Local developer plots new East End apartment complex

September 29, 2022 By Hagan Properties

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By Eleanor Tolbert – Reporter, Louisville Business First
Sep 29, 2022 Updated September 29, 2022 4:15 PM EDT

Louisville-based Hagan Properties has a few projects in the works, including a new multifamily development off Shelbyville Road.

The developer submitted plans this week for Locust Creek Apartments, a 370-unit apartment complex at 18501 Shelbyville Road. The plans show the complex will consist of 16 three-story buildings on about 27.5 acres.

Layson Hagan, principal and developer with Hagan Properties, said the units will start at 720 square feet and go up to 1,720 square feet. The rental rates will range from about $1,100 to $2,500.

Several amenities are including in the complex’s current design, including two dog parks, a pet spa, a swimming pool, a playground and clubhouse. Hagan said 30% of units will have direct access to garages as well.

The project is still in its early stages, so there isn’t a timeline in place for construction just yet. Hagan said the firm has a few other projects in the pipeline that will likely be delivered before Locust Creek, including the 520-unit Providence Point Apartments located on Herr Lane.

The plans show Gresham Smith, which has an office in Louisville, will be providing its services to the project. Hagan said Hagan Properties has an in-house construction company that usually provides contracting services on the firm’s multifamily projects.

Because the project is in its infancy, Hagan said there isn’t an estimated total cost yet.

The parcel of land was attractive because of its availability on a busy road, he noted.

“This property came onto our radar about a year ago. It was zoned R6 back in 1999 and it is one of the last remaining undeveloped parcels on Shelbyville Road that falls within the limits of Jefferson County,” Hagan said. “We met with the current landowner, Mr. Maurice Sweeney, and hit it off right away.”

The property is close to Louisville’s outer limits, but still remains in Jefferson County. Hagan said several demographics will find the location appealing, including families, millennials, young professionals and retirees.

Hagan Properties built several other multifamily projects around Louisville, including the 470-unit Victory Knolls and the 356-unit 9910 Sawyer Apartments, a sprawling upscale apartment complex that backs up to E.P. “Tom” Sawyer State Park.

We previously reported the firm is investing about $48 million into a 324-unit apartment complex on 19 acres at 8000 and 8006 Cedar Creek Road.

New-to-market restaurant to open two Louisville locations, including Shelbyville Road Plaza

September 16, 2022 By Hagan Properties

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By Eleanor Tolbert – Reporter, Louisville Business First
September 16, 2022

A new-to-market, health-conscious chain will be opening soon in two popular shopping centers.

Playa Bowls, based in New Jersey, is a fast-casual restaurant that will be opening in the Shelbyville Road Plaza and Middletown Station. Sarah Cook Thiess and Brett Thiess are the local operators of the restaurants.

In a recent interview, Sarah Cook Thiess said the company specializes in bowls containing superfoods like acai, pitaya, chia pudding and more. Customers can also choose between a variety of toppings like fruit, nuts, granola and nut butters. Playa Bowls serves smoothies and juices as well.

“There are no artificial flavors. There are no syrups,” Thiess said. “There are no sugars being added to anything. We actually reduce the sugar level in many ways with all the fresh fruit.”

Both shopping centers are owned by Hagan Properties. The first location to open will be in the Shelbyville Road Plaza. The restaurant is taking up the approximately 1,900-square-foot former Murphy’s Camera, it the target opening date is in the end of 2022.

The second location is a new construction project in Middletown Station. The developeris building a two-tenant building in the shopping center, with Playa Bowls taking up one of the spaces. That’s anticipated to open in the spring of 2023.

The general contractor on both projects is local firm Churchill McGee. Thiess declined to disclose the investment into the new restaurants.

Thiess said she wanted to bring Playa Bowl to Louisville because it’s one of her favorites when she’s traveling.

“I became familiar with them while traveling to places like West Hartford, Connecticut, and out to Scottsdale, Arizona, where they have locations,” Thiess said. “And every time I would go, I was like, ‘This is amazing’ … I would eat there at least once a day during my visit, which sounds crazy, but it is because there are so many options.”

St. Matthews and Middletown seem like the right fit for Playa Bowl because of the other healthy food options in the area, Thiess said. Specifically with Shelbyville Road Plaza, she said Trader Joes, CycleBar, as well as other gyms and Whole Foods nearby, will complement the new business.

This is a new venture for Thiess. Prior to this, she’s served in several positions at Humana for about 14 years. She said operating a franchise pulls in all the pieces of her passions and past experiences into one role.

If she had to summarize her career, she said the first half was spent in project and portfolio management, and the last half were spent devising different strategies within health care.

“I’ve always enjoyed marrying those two worlds,” Thiess said. “And that’s what this does, between overseeing a really huge project, and building relationships within the community, as well as within your own business team. But also having to create a strategy about what the right timing is for everything.”

Playa Bowls was founded by Rob Giuliani and Abby Taylor in 2014. It now has over 150 locations.

Old Navy opens in Shelbyville Road Plaza

September 7, 2022 By Hagan Properties

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By Eleanor Tolbert – Reporter, Louisville Business First
September 7, 2022 Updated September 7, 2022 3:31 PM EDT

Louisville shoppers have a new place to go in St. Matthews.

Old Navy opened Wednesday in Shelbyville Road Plaza. The clothing retailer is taking up over 15,000 square feet in the busy shopping center.

The store sits between Nordstrom Rack and Guitar Center in the plaza. It was formerly home to the Nike Factory Store, which closed in January.

The shopping center, managed by Hagan Properties, is stacked with other well-known brands, including Trader Joe’s, Quest Outdoors, JoAnn’s, Buff City Soap and CycleBar.

Old Navy is owned by San Francisco-based Gap Inc. There are a few other Old Navy locations in Louisville, including in Jefferson Mall and the Springhurst Town Center, as well as Gap and Banana Republic stores.

While Nike has moved out of the plaza, it could be opening another store down the road. The company filed plans in August for a store in Oxmoor Center. The plans show the Nike By Louisville will take up 4,900 square feet in the mall.

Right now, the only Nike location in Kentucky is the Nike Factory Store in the Outlet Shoppes of the Bluegrass in Simpsonville. The Lexington Herald-Leader also reported in August a Nike store is opening in The Summit at Fritz Farm.

The permit applications filed to the city of Lexington showed the store will be the retailers new Nike Live concept, which is a members-only store with a focus on mobile and a two-week merchandise rotation, Retail Dive reported.