Louisville Construction Pipeline 2Q24

MARKET SNAPSHOT

0

Existing Units

0 %

share of existing inventory uc

0

total units under construction or in lease-up

# 0

rank*

1 = Highest Share of Inventory UC

0

units delivering in next 4q

0

delivered in the last 4q

* Rank is based on the share of inventory (Units Under Construction/existing inventory) for the largest 150 Markets

Construction Pipeline

Prospective

14,110 Units

Planned

4,189 Units

Under Construction

2,171 Units

UC/Lease-Up

2,841 Units

Rental Category

Pre-lease Absorption Rate by Month

Multifamily Starts

Submarket Breakdown

Louisville Construction Pipeline

The information provided in this construction pipeline map is obtained from CoStar. While every effort has been made to ensure that the information contained in the map is as accurate as possible, MMG REA does not warrant, endorse, or guarantee the completeness, accuracy, or reliability of the information.
Users of the map should be aware that the data related to properties, including but not limited to locations, statuses, and details, may be subject to change without notice. MMG REA shall not be liable for any errors, omissions, or inaccuracies in the information or for any user’s reliance on the information. Users are encouraged to validate the information with other sources in the field to confirm any details or obtain further information.

Full Data Table

SubmarketProperty NameAddressCityStateZIPUnit CountProperty Status
26 - JeffersonvilleFlats on 10th, The3300 Schlosser Farm WayJeffersonvilleIN47130300UC/Lease-Up
13 - Springhurst/Glenview ManorLivano Springdale5217 Springdale RoadLouisvilleKY40241302UC/Lease-Up
20 - ElizabethtownSage Springs120 Signature AvenueElizabethtownKY42710336UC/Lease-Up
26 - JeffersonvilleArbour Place4038 Herb Lewis RoadJeffersonvilleIN47130253UC/Lease-Up
26 - JeffersonvilleFlats of River Ridge, The5201 River Ridge PkwyCharlestownIN47111204UC/Lease-Up
9 - Newburg/BuechelBell Tower, The3400 Tevis DriveLouisvilleKY40220276UC/Lease-Up
1 - Central Downtown/Old LouisvillePainters Row1427 Lytle StreetLouisvilleKY4020371UC/Lease-Up
12 - Douglas Hills/LyndonTerra, The13645 Elanna AvenueLouisvilleKY40245297UC/Lease-Up
21 - RadcliffGantry, The5106 South Wilson RoadElizabethtownKY42701216UC/Lease-Up
26 - JeffersonvilleThompson Square315 Thompson LaneJeffersonvilleIN4713096UC/Lease-Up
10 - Okolona/Hillview/HighviewBelmond, The6106 South Watterson TrailLouisvilleKY40291240UC/Lease-Up
7 - South LouisvilleRiver Pointe12505 Dixie HwyLouisvilleKY40272250UC/Lease-Up
12 - Douglas Hills/LyndonBurnett Ridge Lofts600 Burnett Ridge PlaceLouisvilleKY40243100Prospective
1 - Central Downtown/Old Louisville200 W Broadway200 West BroadwayLouisvilleKY4020262Prospective
1 - Central Downtown/Old LouisvilleEast Market Street103 East Market StreetLouisvilleKY4020250Prospective
1 - Central Downtown/Old LouisvilleLouisville Printing Factory Redevelopment1100 West BroadwayLouisvilleKY4020350Prospective
1 - Central Downtown/Old LouisvilleMotorworks728 South 4th StreetLouisvilleKY40202186Planned
1 - Central Downtown/Old LouisvilleOrmsby Avenue1000 West Ormsby AvenueLouisvilleKY40210492Prospective
1 - Central Downtown/Old LouisvilleStarks Artist Lofts455 South 4th StreetLouisvilleKY40202264Planned
3 - ShivelyLouisville Metro Animal Services Campus Redevelopment3801 Manslick RoadLouisvilleKY40215100Prospective
4 - East Downtown/Saint JosephKensington CommonsBayswater Way & Griffin Gate RoadLouisvilleKY4020660Prospective
4 - East Downtown/Saint JosephNuLu Crossing700 East Main StreetLouisvilleKY40202284Planned
4 - East Downtown/Saint JosephUrban Government Center Redevelopment810 Barret AvenueLouisvilleKY40204550Prospective
4 - East Downtown/Saint JosephYard, The320 South Shelby StreetLouisvilleKY40202191Under Construction
5 - Crescent Hill/St. MatthewsDistillery Commons Redevelopment200 Distillery CommonsLouisvilleKY4020656Prospective
5 - Crescent Hill/St. MatthewsGilman's Point4101 Westport RoadLouisvilleKY40207296Prospective
5 - Crescent Hill/St. MatthewsRiver Park PlaceFrankfort Avenue & River RoadLouisvilleKY40202118Prospective
6 - Pleasure Ridge Park2400 Lower Hunters Trace2400 Lower Hunters TraceLouisvilleKY40216184Prospective
6 - Pleasure Ridge Park4931 West Pages Lane4931 West Pages LaneLouisvilleKY4025878Prospective
6 - Pleasure Ridge ParkGlengrove6605 West Orell RoadLouisvilleKY40272232Under Construction
6 - Pleasure Ridge ParkTerry Road5127 Terry RoadLouisvilleKY40216216Prospective
7 - South LouisvilleAltissima Place9118 West Manslick RoadLouisvilleKY40272216Prospective
7 - South LouisvilleCedar Grove Commons11801 East Orell RoadLouisvilleKY40272312Prospective
7 - South LouisvilleOak Pointe Apartments and Townhomes1600 Kurz WayLouisvilleKY40216406Prospective
7 - South LouisvilleSt. Anthony Gardens Phase II3130 St. Anthony Gardens DriveLouisvilleKY40214128Prospective
8 - Kenwood Hill/Beechmont/Fairdale9418 Pirouette Avenue9418 Pirouette AvenueLouisvilleKY40118136Planned
9 - Newburg/BuechelBradford2221 Bradford DriveLouisvilleKY4021894Prospective
10 - Okolona/Hillview/Highview5604 Mt. Washington Road5604 Mt. Washington RoadLouisvilleKY40229666Prospective
10 - Okolona/Hillview/HighviewBrookley Place Townhomes10900 Brookley DriveLouisvilleKY4022997Prospective
10 - Okolona/Hillview/HighviewCasualwood8314 Casualwood WayLouisvilleKY40291112Prospective
10 - Okolona/Hillview/HighviewCedar Creek Flats7703 Cedar Creek RoadLouisvilleKY40291168Under Construction
10 - Okolona/Hillview/HighviewCommerce Crossings Two9701 Cooper Church DriveLouisvilleKY40229308Prospective
10 - Okolona/Hillview/HighviewCooper Crossing4800 Cooper Crossings DriveLouisvilleKY40229320Prospective
10 - Okolona/Hillview/HighviewFegenbush4310 Bardstown RoadLouisvilleKY4021888Prospective
10 - Okolona/Hillview/HighviewHickory Trace8832 Moody RoadLouisvilleKY40219100Prospective
10 - Okolona/Hillview/HighviewHoM Flats at Outer Loop6001 Outer LoopLouisvilleKY40219252Prospective
10 - Okolona/Hillview/HighviewIndian Square3810 South Park RoadLouisvilleKY4022976Prospective
10 - Okolona/Hillview/HighviewOld Bardstown Road Townhomes9500 Old Bardstown RoadLouisvilleKY40291152Prospective
10 - Okolona/Hillview/HighviewRevenant at Cedar Creek8000 Cedar Creek RoadLouisvilleKY40291324Prospective
10 - Okolona/Hillview/HighviewSmyrna Village8912 Smyrna PkwyLouisvilleKY40228192Under Construction
10 - Okolona/Hillview/HighviewSouthcliff10414 Old Preston HwyLouisvilleKY40229178Prospective
10 - Okolona/Hillview/HighviewStar Hill6600 South Hurstbourne PkwyLouisvilleKY40291348Prospective
10 - Okolona/Hillview/HighviewTract Townhomes6803 Beulah Church RoadLouisvilleKY40228288Planned
11 - Jeffersontown1704 South Pope Lick Road1704 South Pope Lick RoadLouisvilleKY40299388Prospective
11 - Jeffersontown8000 Broad Run Road8000 Broad Run RoadLouisvilleKY40291100Prospective
11 - JeffersontownHurstbourne Commons8127 Watterson TrailJeffersontownKY40299438Planned
11 - JeffersontownJackson Trail4813 Bardstown RoadLouisvilleKY40291348Planned
11 - JeffersontownSchlatter Road11501 Schlatter RoadLouisvilleKY40291512Prospective
11 - JeffersontownTucker Creek9311 Old 6 Mile LaneLouisvilleKY4029960Prospective
12 - Douglas Hills/Lyndon1614 Johnson Road1614 Johnson RoadLouisvilleKY40245200Prospective
12 - Douglas Hills/Lyndon1615 North English Station Road1615 North English Station RoadLouisvilleKY40223100Prospective
12 - Douglas Hills/Lyndon3323 Freys Hill Road3323 Freys Hill RoadLouisvilleKY40241312Prospective
12 - Douglas Hills/LyndonChristian WayChristian Way & Shelbyville RoadLouisvilleKY40222306Prospective
12 - Douglas Hills/LyndonFactory Pointe13000 Factory LaneLouisvilleKY4024570Prospective
12 - Douglas Hills/LyndonLocust Creek18501 Shelbyville RoadFishervilleKY40023370Prospective
12 - Douglas Hills/LyndonOrmsby Lane907 Ormsby LaneLouisvilleKY4024264Prospective
12 - Douglas Hills/LyndonShelby Station Drive400 Shelby Station DriveLouisvilleKY40245204Under Construction
12 - Douglas Hills/LyndonSunshine English Station805 South English Station RoadJeffersontownKY4029982Planned
12 - Douglas Hills/LyndonSweetwater Springs718 Watterson TrailLouisvilleKY40243434Prospective
13 - Springhurst/Glenview ManorGlen Oaks10501 Brownsboro RoadProspectKY40059212Prospective
13 - Springhurst/Glenview ManorProvidence Point2050 Herr LaneLouisvilleKY40222520Planned
13 - Springhurst/Glenview ManorSterling, The4805 Olympia Park PlazaLouisvilleKY40241277Prospective
14 - La Grange/CrestwoodBishop Place704 West Jefferson StreetLa GrangeKY4003160Under Construction
14 - La Grange/CrestwoodOldham ReserveEden Pkwy & New Moody LaneLa GrangeKY40031500Prospective
16 - ShelbyvilleSaddlebred PointeFreedom's Way & US Route 60ShelbyvilleKY40065100Prospective
17 - ShepherdsvilleSaltwell SpringsWest Blue Lick Road & Village DriveShepherdsvilleKY40165568Prospective
20 - ElizabethtownBuffalo Ridge Townhomes1020 Pawnee DriveElizabethtownKY42701207Planned
21 - RadcliffGantry Phase II, The5106 South Wilson RoadElizabethtownKY42701204Prospective
21 - RadcliffRedmar Blvd & North Wilson RoadRedmar Blvd & North Wilson RoadRadcliffKY40160160Prospective
25 - ClarksvilleAtlantis515 Marriott DriveClarksvilleIN47129160Prospective
25 - ClarksvilleClark's Landing1410 South Clark BlvdClarksvilleIN47129560Prospective
25 - ClarksvilleGeorge, The1409 Main StreetClarksvilleIN47129192Planned
25 - ClarksvilleWarren, The4501 Town Center BlvdJeffersonvilleIN47129264Under Construction
26 - JeffersonvilleAkers Crossing1307 Akers AvenueJeffersonvilleIN4713060Prospective
26 - JeffersonvilleJeff on 10th Phase II, The3500 Ellingsworth Dairy DriveJeffersonvilleIN47130190Planned
26 - JeffersonvilleLaurel, The3498 Jefferson Ridge DriveJeffersonvilleIN47130186Under Construction
26 - JeffersonvilleRiverside DriveWest Riverside Drive & Southern Indiana AvenueJeffersonvilleIN47130138Prospective
26 - JeffersonvilleRiverView LoftsEast Market Street & Meigs AvenueJeffersonvilleIN47130242Prospective
27 - Charlestown/SellersburgCharlestown Commons101 Market StreetCharlestownIN47111176Prospective
27 - Charlestown/SellersburgForest Edge2148 Depot StreetCharlestownIN47111248Under Construction
27 - Charlestown/SellersburgOhio River Scenic Byway & Market StreetMarket Street & Ohio River Scenic BywayCharlestownIN47111200Prospective
27 - Charlestown/SellersburgShadow LakeCharlestown Landing Road & State Road 62CharlestownIN4711150Planned
1 - Central Downtown/Old Louisville422 E - Main418 East Main StreetLouisvilleKY40202343Planned
1 - Central Downtown/Old LouisvilleRhodia1495 South 11th StreetLouisvilleKY40210650Prospective
4 - East Downtown/Saint JosephPrestonian, The709 East Gray StreetLouisvilleKY40202343Under Construction
5 - Crescent Hill/St. MatthewsOne Park North2345 Lexington RoadLouisvilleKY40206140Planned
5 - Crescent Hill/St. MatthewsOne Park South2300 Lexington RoadLouisvilleKY40206421Planned
10 - Okolona/Hillview/HighviewKristin's Quarter8300 Cooper Chapel RoadLouisvilleKY40229100Planned
10 - Okolona/Hillview/HighviewMeadows at McNeely Lake, The6600 Cooper Chapel RoadLouisvilleKY40229288Prospective
11 - JeffersontownSkyview Place3500 Good Samaritan WayJeffersontownKY40299110Prospective
24 - New AlbanyBeechwood Court210 Kelly DriveNew AlbanyIN4715083Under Construction

RETURN TO
ALL REPORTS

METHODOLOGY

Alex Blagojevich

Alex Blagojevich

Executive Managing Director / Co-Founder

alex.blagojevich@mmgrea.com

Michael-Sullivan

Michael Sullivan

Executive Managing Director / Co-Founder

michael.sullivan@mmgrea.com

Nate-Ulepich

Nate Ulepich

Director of Revenue Operations and National Team Coordinator

nate.ulepich@mmgrea.com

Brett

Brett Meinzer

Managing Director

brett.meinzer@mmgrea.com

Brett Sanchez-1

Brett Sanchez

Associate Advisor

brett.sanchez@mmgrea.com

Thomas

Thomas Skevington

Senior Advisor

thomas.skevington@mmgrea.com

Kyle

Kyle Winston

Senior Advisor

kyle.winston@mmgrea.com

Chris Wilson_2023

Chris Wilson

Associate Advisor

chris.wilson@mmgrea.com

We're proud to advise our clients about more than just their assets. Gain comprehensive insight into the multifamily industry with our exclusive, on demand access to actionable market intelligence.

Learn More

(800) 448-4MMG

Connect with us

Join Our Email List

Linkedin-in Instagram

AS FEATURED IN

Construction Pipeline Report Methodology

Market Snapshot

Existing Units:  An estimate of the number of units in properties with 50 or more units.

Total Units Under Construction Or In Lease Up: Units being built or pre-leased as of February 2024, for projects with 50+ units.

Units Delivering in Next 4Q: Units expected to complete by the end of Q1 2025.

Share Of Existing Inventory UC: Percentage of units under construction relative to existing stock.

Construction Pipeline Status

Prospective: Early-stage project concepts.

Planned: Projects with approved conceptual plans by planning/zoning authorities.

Under Construction: Actively developed properties.

UC/Lease-Up: Properties under development and pre-leasing.

Rental Category

Discretionary: Resort-quality properties targeting high-income renters or those choosing to rent over owning.

High Mid-Range: Appeals to dual-income households with incomes similar to those in the discretionary category.

Low Mid-Range: Targets working professionals in “gray collar” jobs (e.g., police, firefighters, teachers, technicians).

Workforce: Aimed at blue-collar workers with lower incomes.

Pipeline Map & Data Table

Data sourced from Yardi Matrix. While accuracy is prioritized, the exactness of data cannot be guaranteed.

Construction Pipeline Map

The information provided in this construction pipeline map is obtained from Yardi Matrix. While every effort has been made to ensure that the information contained in the map is as accurate as possible, MMG REA does not warrant, endorse, or guarantee the completeness, accuracy, or reliability of the information.

Users of the map should be aware that the data related to properties, including but not limited to locations, statuses, and details, may be subject to change without notice. MMG REA shall not be liable for any errors, omissions, or inaccuracies in the information or for any user’s reliance on the information. Users are encouraged to validate the information with other sources in the field to confirm any details or obtain further information.