Phase II of the Waterfront Park Place condominium tower is now complete marking the end of construction at the parkfront site. The waterfront development has scrapped plans for its third phase which would have included studio apartments for rent and additional retail space immediately west of the current building. Instead, that site will be paved for a surface level parking lot.
The building is currently about 75 percent sold but has yet to lease any of its existing retail space. Original plans for the building called for a small grocery store but those plans never materialized. One large retail spot on Floyd Street that has been boarded up since Phase I is being eliminated altogether. The space will instead be used for 12 parking spots. Crews were on site today preparing a new curb cut to allow cars to drive into the building.
Currently, there is interest from several businesses for the Witherspoon Street retail space that borders Waterfront Park including a coffee shop, cafe, and sit-down restaurant. Given the tower’s location on the park and adjacent to Slugger Field, Humana, and the rest of downtown Louisville, it is surprising this space has been vacant for so long.
- Waterfront Park Place (Official Site)