The first phase of the Inverness Condominiums at the corner of Cherokee Road and Highland Avenue (aka the Home for Women turned Home for Wealthy) is now complete and it’s only a matter of time before construction begins on its 4-floor, new-construction neighbor. No telling how long or short a time that may be, however.
Five of the Inverness’ 14 units have sold and the developers want to sell 4 or 5 more before breaking ground on the new building. Interested in purchasing a unit to speed development along? Be prepared to pay a luxurious price: units start at around $540,000 and go up to around $1 million. A model unit is open every Sunday from 2:00 to 4:00 p.m.
The second phase includes seven additional very large residences with about 3,000 square feet each. The new building takes the place of two incompatible, un-historic structures and has been designed to blend with the historic architecture of the Cherokee Triangle. Each unit will have three bedrooms, 3.5 baths, a sun porch or sunroom, and indoor parking. Like the renovated structure, the new building will incorporate green elements to make the project more sustainable including geothermal heating and cooling, underground parking, additional landscaping, and a landscaped roof-patio.
The entire project is being developed by local entrepreneurs Joe Ferguson, Merrill Moter, and Tony Stefater. Architectural services were provided by Joseph & Joseph Architects located on 4th Street. Just in case you were wondering, the project web site explains the what and the why behind the Inverness name:
Inverness is a lovely city in the Highlands area of Scotland. It’s an exceptional, welcoming place; the ‘in’ place to be; where there’s a real buzz to life and work. The city of Inverness is open to new ideas, new people and new businesses. Sounds like Louisville’s Highlands and the elegant new condos called The Inverness!