Business

New apartment complexes approved for key downtown Lexington corridor

A downtown Lexington intersection that has seen a lot of redevelopment in recent years will soon have new apartments and retail spaces.

The Urban County Planning Commission gave final approval Thursday for two, five-story apartment complexes that also includes ground-floor retail at 262-272 Midland Avenue and 604-610 Winchester Road.

The site is the former Lexington Cut Stone Marble and Tile Company behind the former Lexington Herald-Leader building, which is now owned by the Fayette County Public School system. The school system is renovating the building for a new, combined technical school.

UCD Midland, the developers, plan to build two, five-story buildings for a combined 248 apartments. The main entrance to the apartments will be on Midland Avenue.

Developers want to put two five story buildings at the corner of Midland Avenue and Third Street. The property is the former Lexington Cut Stone Marble and Tile property.
Developers want to put two five story buildings at the corner of Midland Avenue and Third Street. The property is the former Lexington Cut Stone Marble and Tile property. Beth Musgrave bmusgrave@herald-leader.com

The smaller of the two buildings will be closest to the Fayette County Public School property. A larger building will be wrapped around the curve where Midland turns into Winchester Road. There will be a shared-use path on parts of the property.

The plans show 270 parking spaces. Some of those parking spaces will be on the first-floor of the apartment buildings.

The Urban County Planning Commission voted unanimously to approve a zone change for the property in April 2023. Thursday was the final sign-off for the development of the downtown property. The plans have been tweaked and revised several times since the zone change was approved.

“This seems like a wonderful development for this area,” Planning Commissioner Bruce Nicol said.

The proposed development is across the street from the MET, a Community Ventures development that also includes retail and restaurants on the first floor and apartments on the upper floors.

The future apartments are also within walking distance of National Avenue, a popular restaurant and bar spot.

This story was originally published November 14, 2024 at 3:24 PM.

Beth Musgrave
Lexington Herald-Leader
Beth Musgrave has covered government and politics for the Herald-Leader for more than a decade. A graduate of Northwestern University, she has worked as a reporter in Kentucky, Indiana, Mississippi, Illinois and Washington D.C. Support my work with a digital subscription
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