Lexington's investment in downtown development has reached $1 billion for the first time, Lexington Downtown Development Authority officials reported.
The $1 billion figure is included in the downtown organization's 2015 Market Inventory, a compilation of projects recently completed, under construction or announced.
Construction at the University of Kentucky, including new dormitories and the renovated football stadium, drove a big chunk of construction dollars.
Jeff Fugate, president of the development authority, said in a news release that Lexington residents know there's a lot of new development, but they "may be unaware just how much is being invested in the area.
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"The investment trend downtown has accelerated, and the small-business entrepreneurs really kick-started the revitalization of our city with new establishments in existing and often historic buildings," he said.
Since the 2013 inventory was released, the news release said, downtown has added more than 25 dining or bar developments, bringing the total to 172.
The more than $1 billion broke down thus:
■ $195.8 million in projects scheduled for completion in 2014.
■ $516.8 million in projects under construction.
■ $386.3 million in announced developments.
Recently completed projects include:
■ UK housing phase 2A, $138 million.
■ Bluegrass Community and Technical College on Newtown Pike phase 1, $35.8 million.
■ Transylvania University Fourth Street athletic complex, $10 million.
Under-construction development includes:
■ UK HealthCare expansion, $150 million.
■ Commonwealth Stadium, $120 million.
■ UK Housing phase 2B, $108 million.
■ CentrePointe, $48.4 million.
■ 21c Museum Hotel, $41 million.
■ Lexington Transit Authority operations center on Loudon Avenue, $25 million.
Announced development includes:
■ UK Student Center, $175 million.
■ J.M. Smucker expansion on Winchester Road, $43 million.
■ Red Mile off-track betting, $30 million.
■ Thistle Station mixed-use development at Newtown Pike and Fourth Street, $30 million.