Bourbonism, ‘pent-up demand’ draw Indy developer to Louisville

By | Media Coverage, Uncategorized

Indianapolis-based apartment developer Cityscape Residential has filed plans for its third apartment complex in Louisville.

“There’s a lot of great momentum for Louisville,” Kelli Lawrence, a partner with Cityscape, told Insider Louisville.

The city has received national attention for its bourbonism campaign, Lawrence said, and the downtown revitalization, development of new parks and positive employment numbers make Louisville attractive to Millennials — a key demographic for Cityscape.

She also noted that Louisville has developed more slowly than Indianapolis, which has caused the current “pent-up demand” for multifamily residences.

Cityscape’s latest project is a 251-unit apartment complex located on 4.5 acres of land between the Republic Bank and Springhurst Tennis Court on Simcoe Lane, near The Summit. The proposed building is five stories with a four-story parking garage in the center.

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Springhurst area to get 261-apartment complex

By | Uncategorized

A 2014 rendering from CityScape Residential shows part of the proposed Axis Apartments at 1373 Lexington Road. (Photo: Metro Planning & Design Services )

Indianapolis-based Cityscape Residential has filed plans for its third large Louisville-area apartment development, a proposed 261-unit project on Simcoe Lane near the Gene Snyder Freeway and Brownsboro Road.

Cityscape earlier this week obtained initial building permits for construction on its $40 million, 300-unit Axis Apartments at Lexington Road and Payne Street in the Irish Hill neighborhood.

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Louisville’s First Class A Property by Cityscape Residential, Apex on Preston Apartments, Now Open for Leasing

By | Uncategorized

Multifamily real estate development and construction firm Cityscape Residential announces that its high-end apartment community, Apex on Preston, has opened its leasing office and is accepting rental applications.  This marks Cityscape’s first property within the state of Kentucky.

Located in the heart of Louisville’s south end employment and retail corridor, Apex on Preston includes 312 units and is the first of its kind in the submarket to offer high-end living with top-of-the-line interior finishes and resort-style communal amenities.

The Apex on Preston property is situated on 15 acres and offers walkable distance to both Commerce Crossings Business Park and adjacent retail and restaurant developments.

“Unmatched,” said Kathy McIntyre, community manager for Apex on Preston.  “These apartment homes and amenities are a must-see.”

Residents can enjoy one, two or three bedroom units with interior finishes such as stainless steel appliances, granite counters and vanities, washers and dryers in each unit, designer lighting and plumbing fixtures, wine refrigeration storage, spa garden tubs, wood-like flooring, multi-tone carpet and crown molding.  Shared community amenities include a resort-style pool with a grilling cabana, commercial quality fitness center with state-of-the-art cardio and weight equipment, business center, club room and resident lounge, and professional management.

“Employment and retail corridors are where the energy is at in today’s residential real estate market,” said Kelli Lawrence, partner of Cityscape Residential.  “We want to provide individuals the opportunity to live the lifestyle they want in our apartments while living close to the activities and amenities that are important to them.  Our team strongly feels that Louisville is a vibrant city and will continue to flourish over the next several years, which is why we’re investing tens of millions of dollars to provide desirable living options for the community.”

Headquartered in Indianapolis, Cityscape designs and develops aware-winning luxury multifamily rental communities throughout the Midwest.  By incorporating design elements that echo each neighborhood’s distinct architectural style, the firm brings a unique and mindful design aesthetic to each of its communities.  With its signature blend of high-end finishes and unparalleled design, Cityscape develops luxury apartments that are attractive to institutional investors and renters alike.

Upscale apartments break ground near UPS, GE

By | Media Coverage

An Indiana company has broken ground on a $30 million apartment complex developers say will fill an upscale rental need south of the Snyder Freeway.

Cityscape Residential, based in Carmel, Ind., announced plans this spring to build a 300-unit complex near Commerce Crossing on Preston Highway, with hopes of opening the first of 13 buildings by early 2015, company partner Kelli Lawrence said. Read More