Louisville deal No. 2: Indy-based Cityscape building $30 million Apex on Preston apartments near Commerce Crossings

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Just a few weeks ago, Cityscape Residential was announcing its first big project in Louisville, a $40 million upscale apartment complex near NuLu.

Today, the Indianapolis-based multifamily real estate development and construction firm upped its ante in Louisville with plans for a new $30 million high-end apartment community near Commerce Crossing Business Center.

The deal is driven by the area’s proximity to the region’s fulfillment and freight hub, UPS WorldPort, Commerce Crossings business park, General Electric Appliance Park, and Fort Knox, according to a news release.

The Apex on Preston Apartments will have 312 units. Cityscape executives are describing The Apex as the “first of its kind in the area,” a high-end complex with top-of-the-line interior finishes and communal amenities.

With the proposed Axis complex near NuLu, the zoning process is still ongoing. But with The Apex, the deal must be close to closing, with construction expected to start in June, according to the release.

From the release:

By incorporating design elements that reflect the architectural style of the local area, Cityscape Residential brings a unique and thoughtful design aesthetic to each of its communities. For this development, the firm aims to offer its signature combination of high-end finishes and distinct design that have made its previous developments like 82 Flats at the Crossing in Indianapolis and The Residences at Prairiefire, part of the highly anticipated Prairiefire master-planned development in Overland Park, Kan., so attractive to renters.

“Apex on Preston Apartments will be one of the premier apartment communities in the entire area,” Kelli Lawrence, partner of Cityscape Residential, stated in the release.

“This area is a major economic engine for the Louisville region with close proximity to UPS Worldport, GE Appliance Park, Ford, Fort Knox and major employers in Bullitt County, not to mention walking distance to Commerce Crossings Business Park. Apex will provide a location where people can live, work and play being close to those employers, as well as the expanding adjacent retail areas.”

The Apex will have one, two or three bedroom units with interior finishes such as stainless steel and black appliances, washers and dryers in each unit, designer lighting and plumbing fixtures, wine refrigeration storage, spa garden tubs, granite vanities, wood-like flooring, multi-tone carpet and crown molding, according to the release.

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, game room and resident lounge, and professional management.

Cityscape Residential recently hired a new project manager and moved into a larger office space. Construction project management veteran Robert McBride will supervise projects throughout Indianapolis and Louisville, according to the release.

The firm is now leasing 3,700 square feet of office space on the north side of Indianapolis near Keystone at the Crossing.

To read the full story, visit Insider Louisville.