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.