An apartment complex on Kirklevington Drive off Tates Creek Road has been sold and is expected to undergo extensive renovations.
The Creeks on Kirklevington, which has 116 units, has been sold to the Williams Land Corporation, whose leader is an alumnus of the University of Kentucky, said Realtor Ken Silvestri of Silvestri-Craig Realtors. Silvestri said the property had begun to fall into disarray before the sale.
"They just didn't keep up with the required investment in the property," he said of the previous management group.
Silvestri said the buyer, Bill Williams, has moved into the complex himself, though he maintains a home in West Virginia. The purchase price was $2.375 million.
"He wants to make the property into a real premiere property," Silvestri said.
Williams has already begun replacing the heating and air conditioning throughout the complex and is also planning on renovating the clubhouse and pool area, as well as the interiors of the apartments.