
Iron Quarter site (BS File Photo)
We have reached a critical point where action must be taken to save one of the most important contiguous spans of 19th century architecture and history in all of Louisville. We as a community cannot allow the further deterioration of a large stretch of bourbon warehouses continue to the point where the structures are permanently lost and a new report suggests if action is taken soon to shore up the buildings, all or most of them could be saved.
The site is the eastern two thirds of the 100 block of West Main Street dating from the 1850s to the 1890s and site of a March 2007 proposal called the Iron Quarter, a mixed use, sports anchored development a block from the new arena. Then, developer Todd Blue, President and CEO of Cobalt Ventures, planned an ambitious multifaceted $50 million project comprised of a luxury shopping arcade with a modern glass office tower rising from behind the historic facades.
The proposal was made at the height of optimism in Downtown development when large-scale projects were creating headlines almost weekly. With the onset of the economic downturn, however, the availability of tenants that could make the Iron Quarter viable grew small and many feared the project would stall along with other mega-projects.
Blue acquired the block when it was already showing sings of severe deterioration. The row of 19th century bourbon warehouses has been sitting abandoned for years and decades and one structure even collapsed in the late 1990s on the corner of First and Main Streets, leaving a scar still visible today. One of the reasons Blue had proposed the often controversial “facadectomy” technique – where the guts of a building are removed and the facade preserved – was because of the level of decay that had already set in.
After a building under renovation by Cobalt Ventures partially collapsed at the nearby Mercantile Gallery Lofts in 2005, Blue is not willing to risk a dangerous repeat. He told Broken Sidewalk in an interview that he is unsure if the Iron Quarter buildings can be saved, but that public safety is his main concern. Blue cites his historic preservation successes at various project in the past but says safety will always trump preservation.

Fence installed on Main Street at the Iron Quarter site (Photo courtesy tipster)
That’s why Cobalt Ventures installed a chain link fence at the request of the city blocking the sidewalk last week. Jim Mims, Director of Metro Louisville Codes and Regulations, says there’s no imminent threat that instigated the fence, and explains that now is not the time to press the panic button on the buildings’ condition. Cobalt Ventures had asked the city to place a fence on the site on two occasions last year to protect against possible falling debris, but Mims says such a fence is the responsibility of the property owner.
It’s just one more sign of the continued deterioration and is already presenting major hassles for pedestrians on Main Street. In the past three years, the Iron Quarter buildings have decayed further through wind and ice storms all while lacking a proper roofs and enduring trees growing from their brick facades.
The situation drew the attention of Preservation Louisville in July 2009 when the group included the Iron Quarter buildings on their annual list of the Ten Most Endangered Historic Structures in Louisville. Preservation Louisville used the event to call for preserving the guts of the Iron Quarter buildings, not just the front facades, drawing attention to the facadectomy technique.
Blue knows the properties are valuable, especially because of their proximity to the new arena. Others are converting three structures on the western end of the block into the Whiskey Row Lofts and the Patrick O’Shea’s Public House already.
The Iron Quarter has been laying low since it was last in the news in February 2009. At the time, Cobalt Ventures was in negotiations with Humana to sign on as an office tenant, but that deal has since fallen through and Blue is reevaluating the project.

Deteriorated roof at the Iron Quarter block (BS File Photo)
Now while the project is being reassessed, it’s an opportune time to temporarily shore up the buildings and seal up the roofs from the decay inducing effects of the weather. The Downtown Development Corporation, a private non-profit group representing Downtown, has recently undertaken a preliminary evaluation of the condition of each Iron Quarter building to determine what is salvageable.
In December 2009, the DDC hired Tetra Tech and Brasch-Barry General Contractors to analyze the current condition of the Iron Quarter buildings. As can be imagined, the structures aren’t in the best shape and suffer from mold, water saturation, and in some cases, partial collapse of interior floors. The report, finished at the end of January and just released, says the structures range from good and fair condition to poor condition indicating some interior collapse.
The consultants, some dressed in Hazmat gear as a precaution, couldn’t access all parts of the buildings because of hazardous conditions and therefore the report can’t be considered comprehensive, but it offers heretofore unknown insights into the state of the buildings.
Patti Clare, Deputy Director of the Downtown Development Corporation, explains she hopes the study will “move the conversation [about the Iron Quarter] forward and elevate it in a positive way.” Above all, she says the DDC is looking out for the best interest of the buildings and their contribution to Downtown’s urban fabric.

Washington Street side of the Iron Quarter (BS File Photo)
Based on the consultants’ limited observations, the major issue contributing to structural decay is the lack of a weather-tight roof on nearly all structures. Water was found in every building and some interiors were saturated with water or contained partially collapsed floors. Keeping the weather out and a building’s interior dry is crucial to maintaining its structural integrity.
The report concludes that the Iron Quarter buildings could potentially be saved despite their level of decay but admits that the economics will have to be evaluated by Cobalt Ventures. Three cost estimates for various stabilization options are included in the report to understand the what stabilization would require:
- Structural stabilization for all facades ($990,000)
- Providing a new roof for the structures ($563,000)
- Structural stabilization and a new roof ($1,455,000)
These numbers are rough and might seem high, but it’s important to remember this small investment today could pay off not only in public safety but in future investment. The value of over half a block of buildings adjacent to the arena is far greater.
The options include stabilization techniques that do not require crews to enter the buildings so as to avoid current structural issues and could safely extend the buildings life by five years while the economy improves and a new plan is put in place for the property.
Known in the preservation community as “mothballing” a historic building, the process is a good way to save unused buildings from collapse or severe decay. One proposed facade stabilization technique in the report involves braces that would buttress the building, extending diagonally from the facade to ground level and allowing sidewalk access underneath.
In the end, however, Cobalt Ventures must make the decision to stabilize the Iron Quarter buildings. Todd Blue notes that the DDC study is preliminary and wasn’t conducted by Cobalt Ventures. He says he personally doesn’t know the condition of the buildings and doesn’t want to undertake any effort that might result in a potential collapse.
Blue continues to work with Metro Louisville and the Downtown Development Corporation. Jim Mims says his department has requested that Cobalt Ventures take measures to stabilize the buildings and, so far, Mims notes they have had a positive experience with Cobalt and hopes a resolution can be found to save the structures, although he says there’s probably little financial contribution the city can make to the stabilization effort.
In the meantime, the sidewalk on Main Street will be blocked for the foreseeable future, an unfortunate situation given the amount of business opening up in the area and the crowds that will undoubtedly need the space when the arena opens, not to mention current Downtown residents and workers who must put up with the inconvenience.
A stabilization plan must be prepared immediately to ensure the Iron Quarter buildings can be saved in the future. The original Iron Quarter proposal was filled with such optimism for the rebirth of Downtown and it doesn’t have to wither unnecessarily. That enthusiasm for the Iron Quarter block can still be rekindled even in another yet undetermined form. That starts with stabilization.
This group of bourbon warehouses has been through a lot in their 150 year history. Some were around in the Civil War, all made it through the 1937 flood. They were standing in Louisville’s heyday and suffered neglect as the community disinvested in the urban core. It would be a real tragedy to lose them just before Louisville enters its next period of Downtown prosperity.
Click through for a gallery of decay at the Iron Quarter.