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.
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.
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.
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.]