CONSTRUCTION PIPELINE

Louisville 3Q 2024

0

UNITS UNDER CONSTRUCTION

0

IN PRE-LEASE /
LEASE UP PHASE

0

UNITS PLANNED

0

PROSPECTIVE UNITS

0

2024 MONTHLY AVG. PRE-LEASE ABSORPTION

0

T24 MONTHLY AVG. PRE-LEASE ABSORPTION

pipeline trends

Share of Inventory Under Construction or in Lease-Up

Pre-Lease Absorption Rate by Month

Multifamily Starts

Construction Pipeline

Forecasted Delivery Dates

Pipeline Status Breakdown by City

Pipeline Data Map

Disclaimer: The property data depicted in our maps is sourced from third-party providers and government sources. MMG does not directly collect or track this information. Due to the nature of external data collection, some properties may be omitted, which is beyond our control. Furthermore, the pipeline dataset was assembled on 8/15/2024, and changes in project statuses or new additions to the pipeline may not be reflected by the time of publication. While we strive to provide actionable and useful data, we do not guarantee its completeness. Clients are advised to verify all property details independently.

Full Data Table

Property NameProperty AddressCityStateZip CodeUnit CountProperty StatusForecasted Completion DateStart Of Rent Up
River Pointe12505 Dixie HwyLouisvilleKY40272250In Pre-Lease/Lease Up Phase8/31/243/15/21
Thompson Square315 Thompson LaneJeffersonvilleIN4713096In Pre-Lease/Lease Up Phase9/30/241/1/24
Terra, The13645 Elanna AvenueLouisvilleKY40245297In Pre-Lease/Lease Up Phase9/30/241/1/24
Painters Row1427 Lytle StreetLouisvilleKY4020371In Pre-Lease/Lease Up Phase9/30/241/2/24
Livano Springdale5217 Springdale RoadLouisvilleKY40241302In Pre-Lease/Lease Up Phase9/30/245/1/24
Bishop Place704 West Jefferson StreetLa GrangeKY4003160In Pre-Lease/Lease Up Phase9/30/245/7/24
Arbour Place4038 Herb Lewis RoadJeffersonvilleIN47130256In Pre-Lease/Lease Up Phase11/30/245/1/24
Belmond Flats7610 Chelsea Gardens CircleLouisvilleKY40291240In Pre-Lease/Lease Up Phase12/31/248/1/23
Gantry, The5106 South Wilson RoadElizabethtownKY42701216In Pre-Lease/Lease Up Phase12/31/241/1/24
Beechwood Court210 Kelly DriveNew AlbanyIN4715083Under Construction12/31/24
Sage Springs120 Signature AvenueElizabethtownKY42710336In Pre-Lease/Lease Up Phase1/31/255/1/24
Smyrna Village8825 Anatolia CourtLouisvilleKY40228192In Pre-Lease/Lease Up Phase2/28/257/8/24
Flats on 10th, The3300 Schlosser Farm WayJeffersonvilleIN47130300In Pre-Lease/Lease Up Phase5/31/255/20/24
Flats of River Ridge, The5201 River Ridge PkwyCharlestownIN47111204In Pre-Lease/Lease Up Phase6/30/255/1/24
Laurel, The3498 Jefferson Ridge DriveJeffersonvilleIN47130186In Pre-Lease/Lease Up Phase6/30/257/1/24
Yard, The320 South Shelby StreetLouisvilleKY40202191Under Construction6/30/25
Cedar Creek Flats7703 Cedar Creek RoadLouisvilleKY40291168Under Construction8/31/25
Glengrove6605 West Orell RoadLouisvilleKY40272232Under Construction10/31/25
Forest Edge2148 Depot StreetCharlestownIN47111248Under Construction11/30/25
Warren, The4501 Town Center BlvdJeffersonvilleIN47129264Under Construction12/30/25
Prestonian, The709 East Gray StreetLouisvilleKY40202343Under Construction3/31/26
Buffalo Ridge Townhomes206 Cole Gray BlvdElizabethtownKY42701207Under Construction3/31/26
Shelby Station Drive400 Shelby Station DriveLouisvilleKY40245204Under Construction6/30/26
East Market Street103 East Market StreetLouisvilleKY4020250Prospective
RiverView LoftsEast Market Street & Meigs AvenueJeffersonvilleIN47130242Prospective
Urban Government Center Redevelopment810 Barret AvenueLouisvilleKY40204550Prospective
Cedar Grove Commons11801 East Orell RoadLouisvilleKY40272312Prospective
Sweetwater Springs718 Watterson TrailLouisvilleKY40243434Prospective
200 W Broadway200 West BroadwayLouisvilleKY4020262Prospective
Indian Square3810 South Park RoadLouisvilleKY4022976Prospective
Redmar Blvd & North Wilson RoadRedmar Blvd & North Wilson RoadRadcliffKY40160160Prospective
Louisville Metro Animal Services Campus Redevelopment3801 Manslick RoadLouisvilleKY40215100Prospective
Brookley Place Townhomes10900 Brookley DriveLouisvilleKY4022997Prospective
11311 Taylorsville11311 Taylorsville RoadLouisvilleKY4029976Prospective
Terry Road5127 Terry RoadLouisvilleKY40216216Prospective
1615 North English Station Road1615 North English Station RoadLouisvilleKY40223100Prospective
1614 Johnson Road1614 Johnson RoadLouisvilleKY40245200Prospective
Old Bardstown Road Townhomes9500 Old Bardstown RoadLouisvilleKY40291152Prospective
Distillery Commons Redevelopment200 Distillery CommonsLouisvilleKY4020656Prospective
1704 South Pope Lick Road1704 South Pope Lick RoadLouisvilleKY40299388Prospective
Bradford2221 Bradford DriveLouisvilleKY4021894Prospective
Atlantis515 Marriott DriveClarksvilleIN47129160Prospective
Saltwell SpringsWest Blue Lick Road & Village DriveShepherdsvilleKY40165568Prospective
Sterling, The4805 Olympia Park PlazaLouisvilleKY40241277Prospective
Gantry Phase II, The5106 South Wilson RoadElizabethtownKY42701204Prospective
Factory Pointe13000 Factory LaneLouisvilleKY4024570Prospective
Oldham ReserveEden Pkwy & New Moody LaneLa GrangeKY40031500Prospective
River Park PlaceFrankfort Avenue & River RoadLouisvilleKY40202118Prospective
Cooper Crossing4800 Cooper Crossings DriveLouisvilleKY40229324Prospective
Glen Oaks10501 Brownsboro RoadProspectKY40059212Prospective
Casualwood8314 Casualwood WayLouisvilleKY40291112Prospective
4931 West Pages Lane4931 West Pages LaneLouisvilleKY4025878Prospective
3323 Freys Hill Road3323 Freys Hill RoadLouisvilleKY40241312Prospective
Fegenbush4310 Bardstown RoadLouisvilleKY4021888Prospective
Commerce Crossings Two9701 Cooper Church DriveLouisvilleKY40229308Prospective
Akers Crossing1307 Akers AvenueJeffersonvilleIN4713060Prospective
Ohio River Scenic Byway & Market StreetMarket Street & Ohio River Scenic BywayCharlestownIN47111200Prospective
2400 Lower Hunters Trace2400 Lower Hunters TraceLouisvilleKY40216184Prospective
Gilman's Point4101 Westport RoadLouisvilleKY40207296Prospective
5604 Mt. Washington Road5604 Mt. Washington RoadLouisvilleKY40229666Prospective
Southcliff10414 Old Preston HwyLouisvilleKY40229178Prospective
St. Anthony Gardens Phase II3130 St. Anthony Gardens DriveLouisvilleKY40214128Prospective
Saddlebred PointeFreedom's Way & US Route 60ShelbyvilleKY40065100Prospective
Christian WayChristian Way & Shelbyville RoadLouisvilleKY40222306Prospective
Altissima Place9118 West Manslick RoadLouisvilleKY40272216Prospective
Charlestown Commons101 Market StreetCharlestownIN47111176Prospective
Louisville Printing Factory Redevelopment1100 West BroadwayLouisvilleKY4020350Prospective
Locust Creek18501 Shelbyville RoadFishervilleKY40023370Prospective
Oak Pointe Apartments and Townhomes1600 Kurz WayLouisvilleKY40216406Prospective
Starks Artist Lofts455 South 4th StreetLouisvilleKY40202264Prospective
Revenant at Cedar Creek8000 Cedar Creek RoadLouisvilleKY40291324Prospective
Hickory Trace8832 Moody RoadLouisvilleKY40219100Prospective
Riverside DriveWest Riverside Drive & Southern Indiana AvenueJeffersonvilleIN47130138Prospective
Clark's Landing1410 South Clark BlvdClarksvilleIN47129560Prospective
Kensington CommonsBayswater Way & Griffin Gate RoadLouisvilleKY4020660Prospective
Skyview Place3500 Good Samaritan WayJeffersontownKY40299110Prospective
Meadows at McNeely Lake, The6600 Cooper Chapel RoadLouisvilleKY40229288Prospective
8000 Broad Run Road8000 Broad Run RoadLouisvilleKY40291100Prospective
HoM Flats at Outer Loop6001 Outer LoopLouisvilleKY40219252Prospective
Ormsby Lane907 Ormsby LaneLouisvilleKY4024264Prospective
Star Hill6600 South Hurstbourne PkwyLouisvilleKY40291348Prospective
Ormsby Avenue1000 West Ormsby AvenueLouisvilleKY40210492Prospective
Tucker Creek9311 Old 6 Mile LaneLouisvilleKY4029960Prospective
Jackson Trail4813 Bardstown RoadLouisvilleKY40291348Planned
Tract Townhomes6803 Beulah Church RoadLouisvilleKY40228288Planned
Shadow LakeCharlestown Landing Road & State Road 62CharlestownIN4711150Planned
George, The1409 Main StreetClarksvilleIN47129192Planned
One Park North2345 Lexington RoadLouisvilleKY40206140Planned
Motorworks728 South 4th StreetLouisvilleKY40202186Planned
Jeff on 10th Phase II, The3500 Ellingsworth Dairy DriveJeffersonvilleIN47130190Planned
Sunshine English Station805 South English Station RoadJeffersontownKY4029982Planned
One Park South2300 Lexington RoadLouisvilleKY40206421Planned
NuLu Crossing700 East Main StreetLouisvilleKY40202284Planned
Kristin's Quarter8300 Cooper Chapel RoadLouisvilleKY40229100Planned
Hurstbourne Commons8127 Watterson TrailJeffersontownKY40299438Planned
422 E - Main418 East Main StreetLouisvilleKY40202343Planned
Providence Point2050 Herr LaneLouisvilleKY40222520Planned
9418 Pirouette Avenue9418 Pirouette AvenueLouisvilleKY40118136Planned
Rhodia1495 South 11th StreetLouisvilleKY40210650Planned

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

Brett

Brett Meinzer

Managing Director

brett.meinzer@mmgrea.com

Thomas

Thomas Skevington

Senior Advisor

thomas.skevington@mmgrea.com

Kyle

Kyle Winston

Senior Advisor

kyle.winston@mmgrea.com

Jake Sullivan_2023

Jake Sullivan

Associate Advisor

jake.sullivan@mmgrea.com

Chris Wilson_2023

Chris Wilson

Associate Advisor

chris.wilson@mmgrea.com

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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.

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