A pleasant surprise over my Derby week visit was to find the Edge at Liberty Green finally under construction on Hancock Street. This is the privately developed portion of Liberty Green—by Bill Weyland’s City Properties Group among others—that will bring market-rate townhouses to a new urban park centered at Hancock and Liberty Streets.
The first “City Homes” phase calls for 28 apartments designed to appeal to professionals and students at the nearby University of Louisville school of medicine, said Mariah Weyland, director of development at City Properties Group. Students will receive first priority on the apartments, but the units will eventually be open to everyone. One apartment is reserved for a faculty member of the school. Four duplex townhouses with a total of 8 units are also planned. These units could potentially be combined to create fewer but larger homes.
Apartments will be priced from around $500 for a 420 square foot studio up around $1300 for a 900 square foot two bedroom/2 bath unit. Townhouses are generally priced under $250,000. Many of the initial townhouses are already under contract. If all goes according to plan, the first residents could be moving in at the end of the year.
Future phases will continue once the first building is complete, but Weyland said her company always monitors the economy very closely. Below, you can see the larger plan showing the townhouses surrounding the park with larger, mixed-use structures on the corner of Jefferson Street pushing north toward Nulu.