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The city’s Louisville Metropolitan Business Development Corporation issued its latest round of funding under the METCO banner on Friday. Two loans totalling $112,580 were awarded to projects in Shelby Park and Germantown / Schnitzelburg that will help bolster private investment of $527,580.

1155 South Shelby Street is being renovated into office and restaurant use. (Courtesy Google)
1155 South Shelby Street is being renovated into office and restaurant use. (Courtesy Google)

Urban Experience Housing, 1155 South Shelby Street, received a $62,580 facade loan that will “allow owner Access Ventures to make extensive improvements to the storefront with new windows, doors, painting and other necessary improvements,” a press release stated.

Inside 1155 South Shelby Street while it was under renovation in October 2015. (Branden Klayko / Broken Sidewalk)
Inside 1155 South Shelby Street while it was under renovation in October 2015. (Branden Klayko / Broken Sidewalk)

The goal is to attract a restaurant to the first floor of the building at Shelby Street and Oak Street. Office space is planned above.

Access and others have been steadily working to improve the surrounding Shelby Park neighborhood, and this intersection alone has seen the recent opening of Scarlet’s Bakery, a wholesale coffee operation by Argo & Sons, and a mural by artist Gibbs Rounsavall.

The Germantown Mill Lofts under construction. (Courtesy Germantown Mill Lofts)
The Germantown Mill Lofts under construction. (Courtesy Germantown Mill Lofts)

Another $50,000 METCO loan was issued to a business called Flexwell, located in Suite 320 of the Butchertown Market, 1201 Story Avenue. The funding will allow Flexwell to open a gym in the Germantown Mill Lofts on Goss Avenue.

Owners Tina Ray and Dustin Harryman plan to initially hire two full-time employees for what will be the area’s first gym. The gym should be open by late spring or early summer, according to the gym’s Facebook page.

[Top image of windows at the Germantown Mill Lofts courtesy the developer.]
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Branden Klayko

Branden Klayko

Founder and Editor at Broken Sidewalk
Branden founded Broken Sidewalk in 2008 while practicing architecture in Louisville. He continued the site for seven years while living in New York City, returning to Louisville in 2016. Branden is a graduate of the College of Architecture at Washington University in St. Louis, and has covered architecture, design, and urbanism for The Architect's Newspaper, Designers & Books, Inhabitat, and the American Institute of Architects.
Branden Klayko

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