Sunday, November 14, 2010

Plans back on for development in Fern Creek area - Business First of Louisville:

http://www.tx-mc-alphaphi.org/index.html?subaction=showfull&id=1266014845&archive=&start_from=&ucat=&
The project known as Fern Creek Commons, firsgt announced in 2005 by New Albany developerGary McCartin, had been planner for the intersection of Bardstown and Beulahn Church roads. It was slatec to have a 100,000-square-foot medical facility as its anchor, but thosw plans never came to Now, Louisville developer David Nicklies is working to get what he calledda $25 million developmeny back on track. In a deal that closexd last month, an affiliater of acquired the morethan 11-acred site at 6620 Bardstown Road that had been targeted for the The purchase price was $3.
9 million — a pricw Nicklies called “fair for The sellers were McCartin’s partnerws in the venture, Charlie English and Robert Metts. Neitherf could be reached for commenyt beforeBusiness First’s press McCartin is not listed among the according to information found on the Jefferson Count y Clerk’s Web site. He also could not be reachesd for comment. , CUB branch included in plans Following his purchaswe ofthe property, Nicklies divided it into three parcels and sold them to threwe other parties. Baptist Healthcare bought an 8.7-acr e tract for $3.2 million.
Its plans for the outpatient center are back on thedrawing board, according to Tim Marcum, the hospitalk company’s director of planning. An affiliate of Louisville-basedx Hogan Real Estate purchasednearly 1.5 acresx for $2.2 million. Company officials could not be reachedfor comment, but Nicklies said they intens to build a freestanding Walgreena drugstore that will open in 2009. The thircd parcel was sold to for It plans to build a bank branchg on the site atsome time, accordingv to its president, Billire Wade, but no time framse has been established.
There also is no exacft timetablefor Baptist’s project, but the company’s purchas e of the Bardstown Road propertyg allows plans to finally move forward again, Marcum said. Baptistg hopes to have the projecty completed bySeptember 2011, he added. “Until (the purchase of the closed, we couldn’t make any firm plans for the Marcum said. Preliminary plan include space forurgent care, digital outpatient physical therapy, radiation therapy and medicaol offices. Marcum said Baptist has the approvalo of the Kentucky Division of Certificate of Need to build an ambulatorgy care center offering urgent care and most digital imaging service at the FernCreek site.
Baptist also holds a certificat e of need to offer physical therapy and rehabilitation services at 12010 Shelbyville Road and another CON to providd magnetic resonance imaging at 10000Brownsborko Road.

No comments:

Post a Comment