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.
And it recently completed construction on another major development - the 312-unit Apex Apartments off Preston Highway near Interchange Drive and Interstate 65 in southern Jefferson County, a project that has already reached about 75 percent occupancy.
Cityscape partner Kelli Lawrence said Tuesday that the Hoosier developer would soon announce a third Louisville development.
And she said in an interview Wednesday that the company has its eye on additional Louisville-area land for potential development.
William Bardenwerper, Cityscape’s Louisville zoning attorney, filed a notice of a pending zoning-change application and also filed the development plan for the Simcoe Lane project with the Metro Department of Planning & Design Services.
The filing indicated that Cityscape will seek a zoning change from R-4 single-family to a “regional center” category for the apartments. The 4.5-acre tract is owned by several private property owners and contains some residences.
The property is adjacent to the Springhurst Tennis Club and backs up to the Snyder. The property is south of Brownsboro Road and near the Paddock Shops center.
Lawrence said that similar projects typically cost $35-$50 million. She said if the zoning process goes well the Simcoe Lane site could be under construction by next fall, with the first units ready for occupancy in the summer of 2017.
The development plans show 142 one-bedroom and 119 larger apartments in the Simcoe Lane project. It has 387 parking spaces, including a four-story garage. The apartment building is five floors, with several open courtyards and a swimming pool and bocce ball court.
The project is expected to be similar to the Axis and Apex projects, with units featuring numerous amenities.
Reporter Sheldon S. Shafer can be reached at (502) 582-7089, or via email at sshaferW@courier-journal.com.