The 184 units will range in price from about $700 (one bedroom) to $1,200 (two bedroom). The lofts will feature high ceilings, granite countertops, energy efficient stainless steel appliances, original hardwood floors, exposed duct work, and large windows. The large, arched windows are a major part of the renovation, carrying a three million dollar price tag on the project alone.
Instead of blocking out the railroad that runs alongside the mill, they are going to embrace it. Four cabooses will run parallel to the tracks and offer additional rental space, whether for efficiency apartments or small offices.
|A 3D rendering of the finished project.|
The Underhill's have been very conscious of the neighborhood and how they can work with the community to make GML benefit everyone, not just their tenants. The property will not have a fence around it. There will be community meeting space in the building. The gym and pool will offer memberships to anyone. The retail and restaurant space on the ground floor will be open to the public.
Sure, the project is huge in the fact that it's a colossal building sitting on eight acres, but it's also huge in terms of the economic impact it will have on the area. More local businesses will come, more visitors will seek out the area, and the influx of new residents will invest in new AND old businesses in the area.
All of this development also benefits greater Germantown's infrastructure. While new businesses help transform the streetscape, city and neighborhood leaders can put greater emphasis on walkability improvements, traffic calming, and enhanced green space, such as along as Goss Avenue.
|From L to R: Todd Underhill, Mike Morris, Jeff Underhill, Colin Underhill|
“We hope that this project will prove to be a vital catalyst for reinvestment in the area, complementing and encouraging other efforts in the area, including beautification of the Goss Avenue commercial corridor,” said Todd Underhill in a statement on their website.
Click the links below for additional information on the Germantown Mill Lofts and the groundbreaking ceremony:
Germantown Mill Lofts website
Groundbreaking for the Germantown Mill Lofts - WAVE 3
Planners hope Germantown Mill Lofts project will spur additional development - Louisville Business First