News

By Anna Skinner – CURRENT Geist Community – February 22, 2019

Aletha Dunston knows when residents and business owners get a taste of what it’s like to reside near Fort Benjamin Harrison, they typically expand within the area.

Up to 250 families may soon reside near the fort now that the Fort Harrison Reuse Authority has signed a project agreement with Cityscape Residential to bring market-rate apartments north of Otis Avenue between Lawrence Village Parkway and Lee Road.  “We are very excited to work with this developer because they understand what makes the fort unique and are really excited about capitalizing on the history and the culture,” said Dunston, the executive director for FHRA.  Dunston said zoning requirements aren’t as strict where the apartments are planned, meaning the developer can be more creative with construction while incorporating a nod to the history at Fort Benjamin Harrison.

The apartments will range from three to four stories with a heavy allotment of one-bedroom apartments. Two- and three-bedroom apartments also will be offered. The complex will encompass 7.9 acres.  Still in the design phase, the complex doesn’t have a name. Amenities are still in the planning stage.

“We really see this as an opportunity that’s either for people on a short-term contract to live somewhere they can walk to amenities and restaurants and shops, but also try out the Fort before they invest in a bigger, more permanent spaces, which we’ve seen a lot of once they come to the Fort,” Dunston said. “Whether business or residential, they tend to grow and try to find another space here at the Fort.”

Construction could begin as early as this year with an estimated completion date of 2020 or 2021.

July 12, 2018

Marty Finley, Louisville Business First

More than 30 acres of valuable East End land has sold to an Indianapolis developer that proposed an upscale apartment complex on the site last year.

Apartment developer Cityscape Residential purchased 38 acres at 1411 Tucker Station Road near Xscape Theatres and Main Event Entertainment complex in Blankenbaker Station Business Park for $3.6 million, according to Jefferson County property records.  The seller was the estate of Anna M. Voit and Charles E. Voit, Sr. Testamentary Trust.

Suzanne Cheek, a broker with Louisville-based Horizon Commercial Realty, was the property’s listing agent and has worked with Cityscape on previous land deals for its other Louisville projects, according to a news release.  The release states that Cityscape will construct a 370-unit apartment complex on the site.  Regions Bank financed a $39.6 million construction loan for the development and land purchase.

Brian Evans, a development associate with Cityscape, said the apartment complex has been named The Haven on Tuckers and will encompass almost 400,000 square feet of space across about 18 apartment building, plus a clubhouse and maintenance space.  The units will be a mix of one, two, and three bedrooms ranging from 600 square feet to 1,450 square feet.  Some of the featured amenities are stainless steel appliances, granite countertops and designer lighting, while on-site amenities will include a pet park, fitness center, media and gaming room, and two saltwater pools.  Rental rates have not been finalized, but are expected to fall between $850 to $1,600 per month, Evans said.

In January 2017, Archview Properties, LLC, an affiliate of Cityscape Residential, filed plans with Louisville Metro and Design Services to re-zone the property from single-family to multi-family residential.  Cityscape Residential has been busy in the Louisville market in recent years, previously constructing the 300-unit Axis on Lexington complex across from Distillery Commons on Lexington Road and the 312-unti Apex on Preston complex in South Louisville.  The firm has also moved ahead on construction of the Flats at Springhurst, a 249-unit complex that will be constructed on roughly four acres on Simcoe Lane, across Brownsboro Road from the Paddock Shops.

Multifamily real estate development and construction firm Cityscape Residential announces that it has recently closed nearly $175 million in joint venture financing in a round led by a long-term institutional equity partner, a private equity group and including funds from six commercial banks.

Continuing to expand its footprint across the Midwest, the four new communities further expand the Cityscape footprint in the Kansas City, Mo. metro area and also represent the firm’s second major transaction in the Louisville, Ky. Metro area.

In Kansas City, Mo., Cityscape has begun work on its 252-unit Summit on Quality Hill community and 138-unit Apex on Quality Hill community, located only a block away. Overlooking the confluence of the Missouri and Kansas Rivers, these communities are two blocks west of downtown Kansas City and are nestled with the historic Quality Hill neighborhood, the first luxury neighborhood of Kansas City in the 1870s. Located adjacent to the site of Kansas City’s new urban dog park, these pedestrian-friendly communities also feature underground garage parking, private terraces and sweeping views of the nearby river bottoms and of downtown Kansas City.

Also in urban Kansas City, Mo., Cityscape is beginning construction on a 221-unit Crossroads Westside community at the junction of the landmark Crossroads Arts District and the historic Westside neighborhood of downtown. A vibrant section of town known for its galleries, extensive dining and entertainment options and flourishing tech employment concentration, Crossroads is one of the signature districts of urban Kansas City and is located immediately south of downtown and north of the historic Union Station and Crown Center.

Cityscape’s second apartment community in Louisville, Ky. is the 300-unit Axis Apartments. Located near NuLu and a short walk from the restaurant and retail corridors of Bardstown Road, Frankfort Avenue and the Highlands, Axis Apartments is a nine-acre property that will offer first of its kind luxury and amenities in urban Louisville. To date, Axis Apartments ranks as the largest investment in an urban Louisville multifamily complex by an out-of-town developer.

“Our team is dedicated to developing Class-A, institutional-investor-quality, multifamily communities through strategic alliances with long-term capital relationships,” said Brian Cranor, partner of Cityscape Residential. “Such alliances allow Cityscape to streamline deal structures and close quickly once a targeted project has been agreed upon, and this round of financing is an excellent example of the benefit of such alliances.”

In addition to these four communities, Cityscape has additional communities in development and planning throughout Indiana, Kentucky, Missouri and Kansas. In particular, Cityscape plans to start construction in mid-2016 on a 306-unit suburban Indianapolis community to be located in Plainfield, Ind., adjacent to the Shops at Perry Crossing lifestyle center. Cityscape has also commenced zoning approval for a 261-unit community with structured garage parking on the northeast side of Louisville. Ky., located near Brownsboro Road and the Paddock Shops, and has additional sites under contract in the Kansas City, Mo. market.

Article by Staff Writer RE Journals.com

A 261-unit apartment complex that will be built on about four acres off Brownsboro Road near the Gene Snyder Freeway will have an unorthodox design that its developer believes will fill a niche for Louisville’s East End.

Kelli Lawrence, a partner with Indianapolis-based Cityscape Residential LLC, told Louisville Business First Wednesday that the proposed apartment complex, on Simcoe Lane, should bring a taste of urban living to the Louisville suburbs.

The complex will have five floors of residential units and a four-floor parking garage in one 450,000-square-foot structure. The parking garage will stand in the middle of the complex and will be surrounded by apartments.

The plan calls for 142 one-bedroom units, 104 two-bedroom units and 15 three-bedroom units, Lawrence said. Rental rates have not been determined.  The development plan also shows a pool with a deck, a bocce ball court and nearly 10,000 square feet of courtyard space.  Read More

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

An 312-unit apartment complex that is designed to appeal to workers at Commerce Crossings business center broke ground Thursday.

Indianapolis-based Cityscape Residential started construction on Apex on Preston Apartments at 11750 Interchange Drive, near the intersection of Preston Highway and Interstate 265. Read More

Indy-based CityScape Residential is pushing forward with its second big Louisville project. CityScape Residential broke ground this week on The Apex on Preston Apartments in the South End near Commerce Crossing Business Center. This is one of two $30 million-plus Class-A apartment properties, the other being the Axis on Lexington, just east of NuLu and downtown.

Leasing for Apex will begin in late 2014/early 2015 with the first residents moving in come spring 2015. The project is expected to be fully completed by early 2016, according to a CityScape news release. Read More