Fight over 7-story, 800-bedroom apartment near UK continues after tense 3-hour meeting
The fight over a 7-story, 800-bedroom high-rise apartment on South Limestone near the University of Kentucky will continue next month after the Urban County Planning Commission decided Thursday it wanted more information.
The Urban County Planning Commission voted unanimously Thursday to continue discussions about a zone change for more than a dozen properties on South Limestone, Prall and Montmullin streets. Those discussions will resume at its Oct. 24 meeting.
The vote to postpone came after a more than three-hour hearing.
St. Louis-based developer Subtext has agreed to meet with neighbors to determine what could be done to make the proposed development more palatable.
Those who spoke against the zone change said it would further deteriorate Pralltown, a historic Black neighborhood.
251 apartments, nearly 800 beds
Subtext has filed an application to change the zones for properties from an assortment of retail and residential zones to a corridor node zone, a new zone that allows for more density — such as more apartments — along major corridors such as South Limestone.
Subtext wants to tear down multiple buildings in the block, including multiple retail buildings that face South Limestone, to build the 7-story building that will have some retail space fronting South Limestone.
The proposed development is called Verve Lexington.
The plans call for 251 apartment units with 799 beds and a top floor that features a rooftop deck and a pool.
The proposed apartment complex also call for an interior garage with 448 parking spaces. The tallest part of the building will face South Limestone and will gradually decrease in height on the Prall and Montmullin sides, due to elevation changes. The tallest part of the building will be 102 feet.
It’s a 2-acre site.
Nick Nicholson, a lawyer for Subtext, said the city’s corridor node zone encourages more density. The project will take underutilized commercial buildings and student housing and create the density the city wants along its major corridors, he argued during Thursday’s commission meeting.
“It’s ensuring that we can meet the high demand for student housing in this area,” Nicholson said. It’s also on a Lextran bus route.
Nicholson said the 251 apartments would replace 60 apartments in the area.
The student housing to be razed are relatively newer buildings that were remodeled or built in the last 40 years, Nicholson said. The oldest buildings are the South Limestone retail buildings. The building at 545-549 South Limestone Street was built in 1925, according to Fayette County Property Value Administrator records.
The South Limestone properties have had multiple tenants over the decades. It now has several restaurants, smoke shops and Phillips Market, a longtime local market.
Lexington planners recommended approval of the zone changes for the property.
“It is meeting the very real need for housing and it’s doing so on a corridor,” said Daniel Crum, a senior planner.
A transportation study showed the new development would not impact traffic due to the already high volume of traffic in the area.
There was a study that showed the building would project significant shade on the Montmullin side of the building. That sun study is not required as part of an application for a zone change. Subtext voluntarily paid for the study.
Pralltown pushes back
‘It’s been fighting for its existence for decades’
“It’s gentrification in plain sight,” Simpson said.
But data shows Pralltown has already been gentrified, city officials said.