How many condo units were in that original River View plan?
Downtown Dividends, by Tara Anderson (Insider Louisville)
Bob Holt, a 47-year-old lifelong South End resident, has picked out his new 700-square-foot studio condo at the Mercantile Gallery Lofts on Market Street, and it’s just a matter of paperwork before he can move in ...
... According to the Greater Louisville Association of Realtors, 86 units sold in downtown last year for an average price of $135,035. A decade ago, so few condos were sold or for sale in downtown Louisville that they were grouped with Old Louisville, Shively, Butchertown and the West End. “I work in the early stages of the construction industry, so we see more product going out, and that tells us things are starting to pick up some,” Holt says. “I’m getting in incredibly cheap. Five years from now, I wouldn’t be surprised if it was a 15 to 20 percent increase in value.”
And, of course, he can spend his weekends doing something besides mowing the lawn.