By Marty Finley – Reporter, Louisville Business First
Mar 9, 2017, 12:07pm
A new upscale apartment complex slated to cost $45 million has started welcoming its first tenants.
Wendy Hagan, an owner and developer with Louisville-based Hagan Properties Inc., told Louisville Business First this week that the firm pre-leased 40 units of the 356-unit 9910 Sawyer Apartments, a sprawling complex that will have 22 apartment buildings.
The project, which backs up E.P. “Tom” Sawyer State Park, will encompass nearly 400,000 square feet of apartment space alone.
“Demand is strong, and we anticipate absorption of approximately 18-20 units per month,” Hagan said in an email to Louisville Business First.
The first residents moved in this week, with more slated for move-in by the end of March, Hagan said in an interview earlier this week.
The project, which is being financed by the Louisville offices of U.S. Bank, started a year ago and is expected to wrap construction by March 2018. Hagan’s construction company, HCC LLC, is the general contractor for the development, working with about 50 local subcontractors. Hagan Properties manages the property.
The complex is on 24.5 acres owned by Hagan Properties at 9910 Shining Willow Drive, off Westport Road.
The developer and its construction firm have about 10 employees on site now and expect to have 27 to 30 employees at the complex by the end of the year.
Hagan said the one-, two- and three-bedroom units start at about $990 per month, with larger three-bedroom units at just over $1,600 per month.
The units range in size between 712 and 1,400 square feet with a wide selection of features, including granite countertops, subway tile back splashes, balconies and patios with French doors, stainless steel appliances, European cabinetry, barnwood-style flooring, large walk-in closets, linen closets and kitchen pantries.
Some of the units have attached garages, Hagan said.
9910 Sawyer Apartments also has a 6,000-square-foot clubhouse with a lounge, café, business center, covered patio, outdoor kitchen and lounge, a saltwater swimming pool with cabanas and a fire pit, outdoor seating area, outdoor fireplace, a pet salon, two dog parks, a bike repair station and electric car charging stations.
The project has been years in the making. As we previously reported, a group called Vision for Integrity and the Expansion of Westport Road, or VIEW, opposed the building of the apartment complex and sued Hagan Properties and Louisville Metro Government. The size of the complex was one concern outlined in the group’s lawsuit.
A judge ruled in favor of Hagan Properties, and VIEW appealed.
Eventually, a settlement agreement was reached. Terms of the settlement agreement were not disclosed. but Hagan said last year that the company agreed to drop plans for three-story buildings in the complex.
She has said the site’s proximity to shopping at the Paddock Shops and Springhurst Towne Center and to interstate highways make it an ideal fit for new multi-family housing.
In addition to 9910 Sawyer Apartments, Hagan plans to start construction on another complex, Victory Knoll Apartments, in August on 33 acres at Blankenbaker Parkway and Interstate 64.
The 470-unit apartment complex will cost $61 million and should be completed by the third quarter 2019.
“This will be the same product type as 9910 Sawyer Apartments but will include two- and three-story buildings,” Hagan said in an email.