By Kirby Adams  – Courier-Journal
Jul 7, 2015, 12:54pm ET Updated Jul 7, 2015 1:12pm

Gilt.com Designer Outlet has popped back into Louisville for a month at Shelbyville Road Plaza, 4600 Shelbyville Road.

The designer outlet includes men’s and women’s, apparel and accessories plus home goods, kids goods, and more — all up to 90 percent off.

Organizers say there will be thousands of items on sale at the shop from designers such as Zac Posen, Vera Wang, Badgley Mischka, John Varvatos, Ben Sherman and Missoni.

The outlet will be open July 10 through Aug. 15. Hours are Tuesday -Saturday 10 a.m.-8 p.m., Sunday noon- 6 p.m. and closed on Monday.

By Caitlin Bowling
Apr 27, 2015, 2:46pm EDT Updated Apr 28, 2015, 9:42am

Louisville-based Hagan Properties Inc. is returning full force into residential development after being stalled by a lawsuit and the recession.

“We are finally ready to move forward,” said Hagan Properties principal Wendy Hagan. “It’s been so much hurry up and wait.”

When Hagan Seay Properties split in 2005, Scott Hagan, owner of the resulting Hagan Properties, said the company would expand into residential development. And it did — for a little while.

Hagan Properties has owned and operated The Paddock at Eastpoint, a 500-unit luxury apartment complex on Factory Lane near the Gene Snyder Freeway, since 2007. Rent for the apartments ranges from $725 to $1,300 a month.

But the company it hasn’t had anything in the way of new residential development until now.

“We had to wait for the economy to change,” Hagan said. “A lot of pieces of the puzzle had to click.”

The real estate company’s target demographics for its apartments include an average combined household income of $80,000. It rents to young professionals, former homeowners who are downsizing and families who are saving up to buy a new home or are waiting for one to be built, Hagan said.

The Paddock at Sawyer Park

The first luxury complex to be built, The Paddock at Sawyer Park, will be located on Westport Road, adjacent to E.P. “Tom” Sawyer Park. The $45 million project will be a 25-acre, 356-unit complex made of brick, stone and fiber cement siding, according to information provided by Hagan Properties.

BGO Architects of Texas designed both The Paddock at Sawyer Park and the existing The Paddock at Eastpoint.

The Paddock at Sawyer Park will have 22 two-story buildings with one-, two- and three-bedroom apartments, many with garages. Monthly rent is expected to start at $860 for one-bedroom units and go up to $1,700 for a three-bedroom, two-bath apartment with a garage.

Similar to the Eastpoint complex, The Paddock at Sawyer Park will have a dog park and a resort-style pool with cabanas and grilling stations. The clubhouse will have a fitness center, a community kitchen, a business center with computers and wi-fi. The development also will have a dog-grooming salon, electric car charging stations and a car care facility for residents.

Construction is expected to start on The Paddock at Sawyer Park in mid-September, with apartments ready to lease In July or August 2016. Alabama-based Doster Construction is the project’s general contractor.

Once complete, Hagan Properties expects to sign leases on 20 to 22 units each month during peak leasing months, April through October.

The project had been held up in a lawsuit. A group called Vision for Integrity and the Expansion of Westport Road, or VIEW, opposed the building of the apartment complex and sued Hagan Properties and Louisville-Jefferson County Metro Government.

A judge ruled in favor of Hagan Properties, and VIEW appealed. But the parties were able to reach a settlement earlier this month, allowing Hagan Properties to move forward with Paddocks at Sawyer Park.

The Paddock at Victory Knoll

For the second planned complex, Hagan Properties closed Wednesday on a 35-acre property at Blankenbaker Parkway and Ellingsworth Lane, near Southeast Christian Church, Wendy Hagan said.

Hagan said her company has proposed building a 468-unit apartment complex called The Paddock at Victory Knoll. The $57 million development will be similar to The Paddock at Sawyer Park in terms of amenities.

The property formerly was owned by Hollenbach-Oakley LLC and Faulkner Real Estate Corp., which planned to build a 398-unit apartment complex called Ellingsworth Apartments.

In 2013, when Business First reported on Ellingsworth Apartments, the project seemed to be moving forward after years of stops and starts. But they were never built.

“When we first got the property under control and started taking it through the approval process, the economy wasn’t where it was today,” said John Hollenbach, a principal with Hollenbach-Oakley LLC.

After the economy improved and demand increased for multi-family housing, “Faulkner Real Estate and we got together and decided it was better to focus more on what we’ve traditionally done,” Hollenbach said. Hollenbach-Oakley’s main focus is business parks, retail centers and office buildings.

Hollenbach added that Hagan Properties was the perfect company to take over the property.

“It is going to be what we had intend — an absolute first-rate, class A, multifamily project.”

By Caitlin Bowling
Jan 26, 2015, 4:33pm EST

A new tenant will fill the former Puccini’s Smiling Teeth space at Shelbyville Road Plaza in St. Matthews.

Qdoba Mexican Grill Inc. has signed an agreement to lease the 3,157-square-foot store in the shopping center, according to Tommy Edwards, leasing agent for Hagan Properties Inc., which owns the center.

Hagan Properties received numerous offers on the space, Edwards said, but settled on Qdoba because of the Colorado-based company’s positive reputation in Louisville. “They are a great (quick-service restaurant) company,” he said. “They have impeccable credit.”

Right now, it looks like the Qdoba will open in late spring or early summer, Edwards said. He declined to say whether Hagan Properties would put any money toward renovations.

Media representatives with Qdoba could not immediately be reached for comment.

Puccini’s Smiling Teeth is a Indianapolis-based Italian restaurant chain. It closed its only Louisville location last summer.

Other restaurants at Shelbyville Road Plaza include Blaze Fast-Fire’s Pizza, Penn Station East Coast Subs, Home Run Burgers & Fries, Jason’s Deli and Buffalo Wild Wings.

By Caitlin Bowling 
Nov 12, 2014, 3:51pm EST

Kirkland’s, a Tennessee-based home decor chain, opened a store in St. Matthews today.

Kirkland’s has moved into a 7,500-square-foot space at Shelbyville Road Plaza, located at 4600 Shelbyville Road, according to Tommy Edwards, a leasing agent with Hagan Properties Inc., which owns and operates the center.

The retail company is hosting a grand opening celebration from 9 a.m. to 3 p.m. on Saturday, Nov. 15. Kirkland’s will offer refreshments from Argo Sons Coffee and Please & Thank You. Gift bags and $10 gift cards will be handed out to the first 50 shoppers, according to the event’s Facebook page. All shoppers will have the chance to win a $50 gift card.

Kirkland’s has two other area locations, in Clarksville and in Springhurst Towne Center in Louisville’s East End. The company operates more than 300 stores nationwide.

By Braden Lammers  – Reporter, Louisville Business First
Nov 10, 2014, 5:19pm EST Updated Nov 11, 2014, 7:38am EST

The meter is running on a legal judgment made in Jefferson Circuit Court more than a year ago.

The case involves developer J. Scott Hagan and his former plan to build Signature Point, a complex of 414 apartments and 299 condominiums on 90 acres near Christian Academy of Louisville, as Business First reported last year.

PBI Bank lent Hagan more than $25 million to build the complex, but the project went awry in the recession.

According to court records, Hagan claimed PBI Bank asked him to deed the property to the bank in exchange for forgiving the loan. Hagan agreed, if he could keep the 30 acres planned for apartments.

Hagan claims that, unbeknownst to him, PBI Bank was negotiating the sale of the apartment property to Managed Assets of Kentucky LLC for $3.8 million. Hagan’s attorneys said that was “deceitful negotiating” to secure the deed from Hagan.

In September 2013, a jury awarded $7.8 million in damages to Signature Point LLC. PBI Bank’s parent PBI Bancorp Inc., (NASDAQ: PBIB) continues to appeal that judgment.

Because the ruling favored Signature Point, PBI was required to put up a bond to cover the $7.8 million award. That appeal is ongoing, and the interest on the bond continues to accrue more than a year after the ruling and dollar amount were initially set.

“After a year with all the post-trial motions that PBI made, the case wasn’t finished in August,” Signature Point attorney Larry Zielke said.

Therefore, Zielke requested that another year’s interest be added to the bond to cover the interest that had accrued.

According to court records, the court agreed to increase the bond by $942,824 as of Oct. 1. PBI paid the additional interest to Jefferson Circuit Court on Oct. 22.

Zielke said he expects that the earliest the appeal could be resolved is the summer of 2015. If the case continues until September 2015, he said, he will ask again for the bond to be raised to cover the accrued interest.

PBI Bancorp officials declined to comment on the matter, except to confirm that the bank had made the interest payment to the court.