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Home Buying Property

Downtown Louisville property sold for $60 million hotel

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February 12, 2020
in Buying Property
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Downtown Louisville property sold
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The downtown Louisville properties the place an eight-story resort was proposed this previous summer time has offered, based on our media associate Louisville Enterprise First.DL Market Road LLC, an organization registered to Louisville businessman Martin Carney, acquired a number of parcels at Second and Market streets, anchored by 143 W. Market St., in partnership with Nick Campisano of New York-based Campisano Capital for $5.9 million, based on a Jefferson County deed.The deal closed earlier this month. and the vendor was GP Enterprises LLC, an organization owned by Louisville businessman Gus Goldsmith. As we reported in July 2019, Carney filed plans with Louisville Metro Planning & Design Companies to assemble a resort on this website on the nook of Second and Market Streets.Campisano mentioned by telephone that his agency is working with Carney within the three way partnership to convey a luxurious resort model to that website. Nevertheless, he mentioned the companions will not be but able to disclose the model. A Hyatt-branded resort had been thought of there however has been dropped, Campisano mentioned. The venture is anticipated to price $60 million.Campisano has made a number of investments within the Louisville market already, shopping for the Joe Ley Antiques property in NuLu for a mixed-use improvement. The corporate is also creating the Gateway to NuLu expertise hub on East Market Road.Learn extra concerning the sale at Louisville Enterprise First.

The downtown Louisville properties the place an eight-story resort was proposed this previous summer time has offered, according to our media partner Louisville Business First.

DL Market Road LLC, an organization registered to Louisville businessman Martin Carney, acquired a number of parcels at Second and Market streets, anchored by 143 W. Market St., in partnership with Nick Campisano of New York-based Campisano Capital for $5.9 million, based on a Jefferson County deed.

The deal closed earlier this month. and the vendor was GP Enterprises LLC, an organization owned by Louisville businessman Gus Goldsmith.

As we reported in July 2019, Carney filed plans with Louisville Metro Planning & Design Companies to assemble a resort on this website on the nook of Second and Market Streets.

Campisano mentioned by telephone that his agency is working with Carney within the three way partnership to convey a luxurious resort model to that website. Nevertheless, he mentioned the companions will not be but able to disclose the model. A Hyatt-branded resort had been thought of there however has been dropped, Campisano mentioned.

The project is expected to cost $60 million.

Campisano has made several investments in the Louisville market already, buying the Joe Ley Antiques property in NuLu for a mixed-use improvement. The corporate is also creating the Gateway to NuLu expertise hub on East Market Road.

Read more about the sale at Louisville Business First.

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