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In The News

Middletown shopping center to undergo another major expansion

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April
24

By Marty Finley – Reporter, Louisville Business First
Apr 24, 2017, 2:26pm EDT Updated Apr 24, 2017, 2:50pm

The sprawling Middletown Station shopping center on Shelbyville Road is expanding again.

Louisville-based Hagan Properties Inc. plans to break ground in the next few weeks on the single-story, 22,400 square-foot Middletown Shops 7 retail center at Middletown Station, which has minimal vacancy.

Tommy Edwards, a retail leasing representative for Hagan Properties, said the expansion should be finished this fall and could accommodate one single tenant or as many as 15 smaller tenants. Churchill McGee LLC, which has offices in Lexington and Louisville, is the general contractor. Construction costs have not been finalized.

Middletown Station is anchored by a Wal-Mart Supercenter and Target store off Shelbyville Road near the Gene Snyder Freeway. Together, Target and Wal-Mart account for about 360,000 square feet of the shopping center, which has more than 600,000 square feet. Bassett Home Furnishings also has a large store there.

Middletown Station has multiple buildings that house a mix of restaurants, retailers and medical users. For example, I reported in September that Norton Healthcare Inc. had taken a 13,000-square-foot building there to relocate its Norton Children's Hospital Medical Associates – Middletown from a smaller space it previously leased nearby.

Edwards said no tenants have yet been finalized for the new retail center but that Hagan Properties will pursue retailers, restaurants, medical users and other types of specialty users, such as banks.

To date, Hagan Properties has constructed five strip centers at Middletown Station and has 10 more acres of buildable land near Target, where it has been authorized to construct another 130,000 square feet. Edwards has said that space will be constructed as the market demands it.

Hagan Properties also owns and manages Shelbyville Road Plaza in St. Matthews. And I recently reported that the company is building an 8,000-square-foot office building at 12610 La Grange Road, a roughly three-acre site owned by Hagan Properties at the corner of Reamers and Westport roads. The facility will serve as Hagan's new headquarters, and the company plans to move there this summer.

Wendy Hagan, an owner and developer with Hagan Properties, said the complex will have an "ultra-contemporary design," using glass, steel and aluminum components. The office will have 13 to 18 employees, she said. Hagan told me Wednesday that the company has 10 employees now but plans to bring on several more people by the end of the year.

Shelbyville Road Plaza nabs new tenant

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APR
14

By Bridgett Weaver – Reporter, Louisville Business First
Apr 14, 2017, 2:37pm EDT

The woman behind CycleBar in St. Matthews is opening a second workout concept just a few doors down from her spinning studio.

Katie Ryser will open Club Pilates in June at 4600 Shelbyville Road, Suite 116, right beside Trader Joe’s. It is a franchise of a concept that is based in Orange County, Calif.

Club Pilates will operate in a 2,400-square-foot space, which is about to undergo an extensive renovation. Tommy Edwards with Hagan Properties Inc. handled the leasing deal. Ryser declined to discuss terms of the lease.

Ryser said construction crews will be gutting and renovating the inside of the building over the next month. It will include a studio with 12 reformers (a pilates-specific piece of training equipment) and a private room with two reformers that include a tower attachment.

She said the workout traditionally is a very serious one, but she hopes to offer a more fun and light-hearted experience with music and energy.

Although the pilates workout system is traditionally considered a women’s workout, Ryser said the goal is to offer a good, thorough workout option for everyone — even men.

“Pilates has sort of a weird reputation as being pretty exclusive and something for older, wealthy women. But it’s not that way at all,” Ryder said. “It’s actually a strength training, core-building, muscle-elongating practice that is a very important part of almost every professional athlete’s workout.”

Both men and women can really benefit from the workout.

“There never needs to be a gender assignment to this type of fitness, to any type of fitness,” Ryser said. “And we love shattering stereotypes.”

She said the goal is to make it more accessible to the community as a whole instead of the wealthier clients by offering a lower price-point than most specialty gyms.

“The way we make it work is with a lot of classes and a lot of clients,” Ryser said.

Ryser just opened the CycleBar in November and said the spinning studio has been successful.

“The success from CycleBar really gave us the chance to branch into pilates, which is really not a strong presence in Louisville,” she said. “(Pilates) is so integral in the coastal cities and it’s time to bring that to Louisville and get Louisville a little more up to speed.”

She said when the studio opens in June it will start with 28 classes per week, but will quickly ramp up to 60 per week. Prices will range from $169 for a monthly unlimited pass to $79 for 4 classes a month. Ryser said the first 50 members to sign up will get 20 percent off for their first year.

Prominent Louisville developer building its new HQ in East End

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APR
5

By Marty Finley – Reporter, Louisville Business First
Apr 5, 2017, 1:58pm

Louisville-based Hagan Properties Inc. will be moving into new office space by summer.

The full-service real estate development company owns and manages Shelbyville Road Plaza, Middletown Station and other shopping centers and has two large apartment complexes in the pipeline. It is constructing an 8,000-square-foot office building at 12610 La Grange Road, a roughly three-acre site owned by Hagan Properties at the corner of Reamers and Westport roads.

The company plans to move in by July 15, and officials declined to disclose development costs.

Wendy Hagan, an owner and developer with Hagan Properties, said the complex will have an "ultra-contemporary design," using glass, steel and aluminum components. The office will have 13 to 18 employees, she said. Hagan told me Wednesday that the company has 10 employees now but plans to bring on several more people by the end of the year.

The complex, she said, will include a "Google" Room, which will serve as a lounge area for staff to relax, work and network. The office also will have two conference rooms outfitted with top-shelf communications systems, a full-service kitchen and modern interior features, such as concrete and hardwood flooring, tile and glass walls with motorized shades.

Outside, the office will have front and back porches. The back porch will serve as an entertainment area with a fire pit, grill and seating space.

Hagan Properties also is constructing a 5,500-square-foot facility on the site that will be used for storage. Designed to look like a vintage barn, Hagan said the facility will offer a stark contrast to the modern design of the office building.

"The site was perfect for our office, as it includes a great deal of mature tree canopy of which we have been able to preserve approximately 75 percent," Hagan said. " The idea is for it to feel a little like the contemporary glass house in the woods in the movie 'Ferris Buehler’s Day Off.' "

Hagan is working with Michael Koch and Associates Architects and Planners and Prodigy Construction Corporation Inc. on the architectural design, and Prodigy is the general contractor. Interior design is led by Luckett & Farley Architects, Engineers and Construction Managers Inc.

For about eight years, Hagan Properties has operated out of a 4,000-square-foot office space at its Middletown Station shopping center on Shelbyville Road.

"As our development, construction and accounting departments have grown, we have pushed the limits of our space," Hagan said.

The firm already has leased the space it is vacating to a new tenant, she said, but she declined to identify the business.

Hagan said the firm originally wanted to build its new office in Pewee Valley but nixed the plan when the design was rejected and a more traditional design was requested.

"The site at Reamers and La Grange Road was turned down for zoning by other developers who wanted more intensive use (gas station, grocery), and the neighbors did not want that type of use located at the corner," Hagan said in an email. "[We] worked with the neighbors on the design aesthetics, and the neighbors were very supportive of the contemporary design and use for the property."

Last month, Hagan Properties debuted the first units of its 356-unit 9910 Sawyer Apartments, a sprawling complex that will have 22 apartment buildings. The project, which backs up to E.P. "Tom" Sawyer State Park, will have nearly 400,000 square feet of apartment space alone and is set to wrap up in early 2018.

Hagan Properties intends to start construction on another complex, Victory Knoll Apartments, later this year on 33 acres at Blankenbaker Parkway and Interstate 64. The 470-unit apartment complex will cost $61 million and should be completed by 2019.

SNEAK PEEK: One of Louisville’s priciest developments debuts first units

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MAR
9

By Marty Finley  – Reporter, Louisville Business First
Mar 9, 2017, 12:07pm

A new upscale apartment complex slated to cost $45 million has started welcoming its first tenants.

Wendy Hagan, an owner and developer with Louisville-based Hagan Properties Inc., told Louisville Business First this week that the firm pre-leased 40 units of the 356-unit 9910 Sawyer Apartments, a sprawling complex that will have 22 apartment buildings.

The project, which backs up E.P. “Tom” Sawyer State Park, will encompass nearly 400,000 square feet of apartment space alone.

“Demand is strong, and we anticipate absorption of approximately 18-20 units per month,” Hagan said in an email to Louisville Business First.

The first residents moved in this week, with more slated for move-in by the end of March, Hagan said in an interview earlier this week.

The project, which is being financed by the Louisville offices of U.S. Bank, started a year ago and is expected to wrap construction by March 2018. Hagan’s construction company, HCC LLC, is the general contractor for the development, working with about 50 local subcontractors. Hagan Properties manages the property.

The complex is on 24.5 acres owned by Hagan Properties at 9910 Shining Willow Drive, off Westport Road.

The developer and its construction firm have about 10 employees on site now and expect to have 27 to 30 employees at the complex by the end of the year.

Hagan said the one-, two- and three-bedroom units start at about $990 per month, with larger three-bedroom units at just over $1,600 per month.

The units range in size between 712 and 1,400 square feet with a wide selection of features, including granite countertops, subway tile back splashes, balconies and patios with French doors, stainless steel appliances, European cabinetry, barnwood-style flooring, large walk-in closets, linen closets and kitchen pantries.

Some of the units have attached garages, Hagan said.

9910 Sawyer Apartments also has a 6,000-square-foot clubhouse with a lounge, café, business center, covered patio, outdoor kitchen and lounge, a saltwater swimming pool with cabanas and a fire pit, outdoor seating area, outdoor fireplace, a pet salon, two dog parks, a bike repair station and electric car charging stations.

The project has been years in the making. As we previously reported, 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 last year that the company agreed to drop plans for three-story buildings in the complex.

She has said 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.

In addition to 9910 Sawyer Apartments, Hagan plans to start construction on another complex, Victory Knoll Apartments, in August on 33 acres at Blankenbaker Parkway and Interstate 64.

The 470-unit apartment complex will cost $61 million and should be completed by the third quarter 2019.

“This will be the same product type as 9910 Sawyer Apartments but will include two- and three-story buildings,” Hagan said in an email.

Blaze Pizza on Shelbyville Road reopens Saturday

By

FEB
24

By Danielle Lerner  – Courier-Journal
Feb 24, 2017, 3:42pm ET

The Blaze Fast-Fire’d Pizza restaurant in Shelbyville Road Plaza in St. Matthews will reopen Saturday after it closed temporarily two weeks ago for renovations.

The business will officially reopen 11 a.m. Saturday, the pizza chain announced in a news release Friday. The 4600 Shelbyville Road location originally closed Feb. 12 to update its interior.

The Shelbyville Road Plaza site was the first of three Blaze outlets in Louisville, opening in mid-2014. The fast-casual pizza chain now has more than 170 locations nationwide and in Canada.

The Shelbyville Road store is operated by the Millennial Restaurant Group, which also operates other Blaze outlets in Kentucky, Tennessee, and Florida.