Investment Property Advisors
An Old Louisville neighborhood landmark has been artfully transformed into a vibrant new one.
Cardinal Towne, a $62 million conversion at the former site of a landmark local restaurant and catering hall, created much-needed campus housing for students at the University of Louisville.
Developed by Valparaiso, Indiana-based Investment Property Advisors (IPA), the mixed-use complex covers a four-acre block adjacent to the University’s urban campus. It includes one to four bedroom upscale units, complete with walk-in closets, granite countertops, fitness center, swimming pool, hot tub and lounges, as well as ground-floor commercial space that currently houses eight restaurants and other student-friendly retail stores. The complex will house upwards of 550 students and include an underground parking garage when a second phase of the development is completed in August.
Eco-friendly and green roofed, Cardinal Towne is the first major Louisville project for IPA, which specializes in mixed-use multi-family housing.
Wyatt represented IPA in connection with the land-use planning, financing, and tax incentives for the project.