Local developer wants to build six-story condo building in downtown Lexington
A prominent local developer wants to bring a new project to Lexington’s downtown.
Cowgill is seeking a zone change for property at 512 and 518 East Main St. to a downtown business zone to construct a six-story condominium building.
The Urban County Planning Commission will likely vote on the project in August.
The building, which will also cover properties at 522 East Main St. and 109 Kentucky Ave. that are already zoned for downtown business, will house 16 for-sale condos.
The office building at 512 East Main St. will not be demolished for the project. Schnabel Interiors will continue to work in the building, but eventually Cowgill wants to turn the building into a “live-work” space or another use allowed in the downtown business zone.
The office building at 518 East Main Street will be taken down if the zone change is approved. A small house at 109 Kentucky Ave. will also be removed. Cowgill says in a letter to the city attached to the application that the company will work with the resident to find new housing if the proposal is approved.
The condos will each have either two or three bedrooms. An interior parking garage will have 32 spaces for residents, and a surface parking lot will have 12 spots for visitors and delivery drivers.
The proposed project would not be the only condo building in the vicinity. Hanover Towers and The Woodland are just a few blocks down from the Cowgill site. Directly across Main Street is the Arcs on Main apartment building and the Bell Court neighborhood.
Cowgill owns multiple apartment complexes throughout Lexington, including The Reserve at Merrick and Studios 180 on Martin Luther King, Jr. Blvd.
