National Station, a new development at the intersection of National and Richmond avenues, will offer 27 new business spaces of about 2,000 square feet each.
Developer Tom Jones said the units will be available for small businesses — such as plumbers, electricians and caterers — who like the area or want to be able to walk or bike to work from their homes nearby.
Jones said Tuesday that the development would include "mixtures of brick and stone ... that will reflect the neighborhood" and its previous use as a railroad station.
Two metal warehouses are on the site.
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Next Level sports training group, which offers soccer training, plans to operate in one of the warehouses, Jones said.
Mike Vanhooser, the manager and part-owner of Next Level, said he hopes to open in the new location in mid-August.
Jones said the project "fit within the neighborhood. ... I've been approached by several people who live in the neighborhoods who would like to walk to work or ride their bike. It's a very low impact on traffic. It should be a good fit."
A renaissance of business in the National Avenue area over the past few years has included National Provisions bakery, restaurant and beer hall; Locals', offering new American fusion food and craft beer; Centered, an alternative and holistic health center; Dry Art, a hair salon; and Kentucky Mudworks, offering pottery classes and supplies.
Greg Walker of Walker Properties, which owns about 13 acres in the area, has said his future plans for the National Avenue area include a complex of locally owned shops and a venue for live music.