By Kirby Adams  – Courier Journal
May 18, 2016, 12:26pm ET Updated May 18, 2016 3:27pm

Same great store, much larger space.

Quest Outdoors, 4600 Shelbyville Road, has moved across the parking lot in Shelbyville Road Plaza into the former Hawley-Cooke/Borders Books building.

The new location is 25,000 square feet and houses three levels of outdoor gear, backpacks, casual clothing, big wall climbing gear, kayaks and more. Quest Outdoors has combined its three former stores (previously located on Frankfort Avenue, at the Paddock Shops and in a smaller space in Shelbyville Road Plaza) into a single, comprehensive shopping experience.

Browse through boats and gear, read camping guides by the cozy fireplace, or even visit the “Trails End” outlet section for bargains and pre-owned gear and clothing.

By early June, the new Quest will include a fly fishing shop. In July, part of the store’s lower level will become something brand new to Quest: a full service coffee shop thanks to a partnership with Quills Coffee.

To celebrate the new location, Quest is throwing a grand opening party Saturday, May 21 from 10 a.m.-9 p.m. The event will feature music by local bands, raffles, gifts with purchase and door prizes. Customers will receive 15 percent off your entire purchase (some exceptions apply) and can spin the carnival wheel for additional savings.  The first 20 customers through the doors get a cool gift bag of goodies.

Representatives from Patagonia, The North Face, Osprey, Columbia, Keene, Sherpa and other well-known brands will be present.

The store’s regular hours are Monday through Saturday from 10a.m.-9p.m., and on Sunday from noon-6 p.m.

 

Courier-Journal
May 2, 2016, 3:25pm ET

Carter’s Inc., a chain that sells children’s clothes and items, plans to open two Louisville stores by year’s end, one at Shelbyville Road Plaza and the other at Springhurst Towne Center.

Business First reported the plans, quoting a release on the company website.  Carter’s is the parent company of Osh Kosh B’Gosh and other baby and children’s apparel brands.

The reports said Carter’s expects to open its first Louisville store in July at Shelbyville Road Plaza in St. Matthews.  The company has signed a lease for about 5,000 square feet of space formerly occupied by Kiddie Castle Fine Children’s Furniture, which relocated a few months ago to Hurstbourne Parkway.

Carter’s, which currently has a store at the Outlet Shoppes of the Bluegrass in Simpsonville, plans to open the second local store by October at the Springhurst site at 4141 Town Center Dr.  Details have not been disclosed.

Carter’s is based in Atlanta and has more than 600 locations.  Its brands include Child of Mine, Just One You and Genuine Kids, in addition to Carter’s and Osh Kosh.

By Marty Finley – Reporter, Louisville Business First
Apr 29, 2016, 1:37pm EDT

Carter’s Inc., the parent company of Carter’s, Osh Kosh B’Gosh and other baby and children’s apparel brands, plans to open two Louisville locations before the end of the year.

According to the company’s website, Carter’s expects to open its first Louisville store in July at Shelbyville Road Plaza in St. Matthews.

Tommy Edwards, a retail leasing representative with Louisville-based Hagan Properties Inc., which manages leasing for Shelbyville Road Plaza, said Carter’s has signed a lease to take about 5,000 square feet at Shelbyville Road Plaza, where it plans to open a dual-branded Carter’s and Osh Kosh store this summer.

Edwards said the space will need renovation but did not disclose the lease terms or the expected renovation costs.

Carter’s is taking the space formerly occupied by Kiddie Castle Fine Childrens Furniture, which relocated a few months ago to 215 S. Hurstbourne Parkway, near Whittington Parkway.

Edwards said about 22,700 square feet, or 6 percent, of Shelbyville Road Plaza is still available for lease. Quest Outdoors is vacating a nearly 10,000-square-foot space as it consolidates multiple stores into the 25,000-square-foot storefront at Shelbyville Road Plaza once occupied by Borders Books and Music.

Edwards said another vacant space was left by Backyard Birds when it recently relocated elsewhere in the shopping center.

“We have active proposals being negotiated for every vacant space,” Edwards said in an e-mail Friday.

Carter’s, which has an outlet store at the Outlet Shoppes of the Bluegrass in Simpsonville, also indicates plans on its website to open a second Louisville location by October at the Springhurst Towne Center at 4141 Town Center Dr. There are no other details about the store on the company’s website, and it was not clear whether this will be a dual-branded store like the one in St. Matthews. I was unable to reach Carter’s officials for comment on the stores or leasing representatives for Springhurst Towne Center.

Carter’s (NYSE:CRI) is headquartered in Atlanta. The company’s brands include Child of Mine, Just One You and Genuine Kids, in addition to Carter’s and Osh Kosh. The company has more than 600 stores.

By Marty Finley – Reporter, Louisville Business First
Mar 23, 2016, 12:48pm EDT Updated Mar 23, 2016, 4:46pm EDT

An East End apartment complex that was held up in a protracted legal dispute received its building permits from the city earlier this week and has broken ground, shooting for a December 2017 finish.

Louisville-based Hagan Properties Inc. is constructing the 356-unit 9910 Sawyer Apartments on 24.5 acres it has owned for years at 9910 Westport Road. The property backs up to the 650-acre E.P. “Tom” Sawyer State Park.

The site’s proximity to shopping at the Paddock Shops and Springhurst Towne Center and to interstate highways make it an ideal fit for new multi-family housing, said Wendy Hagan, president and multi-family developer of Hagan Properties.

“The demographic will be a blend of young professionals, families who want to be close to schools and shopping, nature lovers who want to be in walking proximity to Sawyer Park and couples who are at a stage in their lives when they prefer to rent a quality home rather than pay a mortgage and have the maintenance and upkeep of a traditional single-family home,” Hagan said in an e-mail.

When asked whether she is concerned that there might be too many apartment projects under development in Louisville, Hagan said a marketing study found a need for housing at the location.

The project has been years in the making. As we reported last yea r, 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 Metro Government. The size of the complex was one concern outlined in the group’s lawsuit.

A judge ruled in favor of Hagan Properties, and VIEW appealed. Eventually, a settlement agreement was reached. Terms of the settlement agreement were not disclosed. but Hagan said the company agreed to drop plans for three-story buildings in the complex.

“It took a long time to settle, but we finally got it settled,” Hagan told me during a phone interview Wednesday morning.

The project is a $49 million investment for Hagan, which is financing the project through the Louisville offices of U.S. Bank.

The 518,986-square-foot complex will be spread out over 22 two-story apartment buildings with 98 one-bedroom, 238 two-bedroom, and 20 three-bedroom units. Hagan said the complex will feature eight floor plans with 700 square feet to 1,400 square feet. Rent is expected to range from $990 to as much as $1,560 per month.

Hagan expects leasing to start in August and said the first building should be available for occupancy in October, barring any construction delays. The general contractor is HCC LLC, Hagan’s in-house construction company.

Unit amenities include granite counter tops, stainless steel appliances, European-style cabinetry, wood-style flooring, crown molding and ceiling fans..

The complex also will have a 6,000-square-foot clubhouse with a study lounge and business center.

Other community amenities include two dog parks catering to small and large dogs, a standalone car care center and pet salon, electric car charging stations, a bike repair station, a playground and picnic areas with grills.

9910 Sawyer apartments also will feature several resort-style amenities that are popular with new apartment construction in Louisville, such as a saltwater pool with cabanas and an outdoor TV lounge, an outdoor fireplace, and a grassy lawn that would have festival seating.

Hagan Properties also plans to build a 468-unit apartment complex called Victory Knoll on a 35-acre property it owns at Blankenbaker Parkway and Ellingsworth Lane, near Southeast Christian Church. Hagan said that project is expected to cost about $65 million.

But Victory Knoll won’t break ground until late 2017 because Hagan said the firm wants to stabilize 9910 Sawyer Apartments and lease most of the units there before beginning another project.

She said company officials don’t want “two properties in production at the same time competing against one another.”

By Marty Finley – Reporter, Louisville Business First
Mar 10, 2016, 2:27pm EST

A 500-unit apartment complex on Skywatch Lane near La Grange Road and the Gene Snyder Freeway in Louisville’s East End has changed hands in a deal that has flown completely under the radar.

The Paddock at Eastpoint, which was completed in 2007, long has been owned by Louisville-based Hagan Properties Inc. Hagan held the Paddock property through an affiliated holding company, TPE LLC, but that holding company recently gained a new owner.

According to the Kentucky Secretary of State’s office, TPE LLC has been transferred from Hagan Properties to the Bedford, N.H., office of Bluestone Property Management LLC, which does business as Bluestone Properties and manages apartment residences in the Midwest and parts of the South.

The Paddock at Eastpoint is listed on Bluestone’s website as one of its managed properties, and the company’s name also appears on the apartment complex’s website.

Wendy Hagan, a principal with Hagan Properties, confirmed that Hagan no longer manages the Paddock, but she declined further comment.

An industry source with knowledge of the deal told me Thursday that TPE LLC was sold in a deal valued between $70 million and $75 million. That source also told me TPE now is controlled by California-based real estate investment firm Mount Auburn Multifamily, of which Bluestone Properties is an affiliate.

I could not immediately reach Mount Auburn representatives for comment on the deal.

In commercial real estate deals, companies sometimes purchase the entity that holds a property rather than the property itself. One result of such a transaction is that there is no deed transfer for the property involved.

According to the Paddock’s website, the complex has a mix of one-, two- and three-bedroom units that range from about 675 square feet to a little more than 1,400 square feet. Rental rates vary from about $890 to more than $1,200 per month, the website stated. The property is on about 19 acres, according to

online PVA records.

Amenities at the complex include a fitness center, business center, car care facility, children’s playground, BBQ and picnic area, courtyard, Internet cafe and a pool and lounge area with personal cabanas.