A Florida-based real estate investment management firm is planning to build a 214-unit apartment building in downtown Jeffersonville. Financial details were not disclosed, however Waypoint Residential LLC says The Walcott Jeffersonville will add to the city’s revitalization efforts.
The project will be located in the Old Jeffersonville Historic District opportunity zone. It will feature a mix of studio, one-bedroom and two-bedroom units with amenities such as a pool, fitness center, Internet cafe and an indoor-outdoor rooftop terrace.
The developers say the project will benefit the Louisville metropolitan area, which has a population that is expected to grow nearly 3 percent by 2020. More specifically, the area’s population of 20 to 34-year-olds is expected to grow by twice the national average during the same period.
"The Walcott Jeffersonville is ideally located in the heart of the revitalization of Historic Jeffersonville with doorstep access to the dynamic, emerging live-work-play environment on the Indiana side of the Ohio River, while providing convenient access to the employment, recreational and entertainment options across the river in Louisville," said Eric Hade, chief development officer of Waypoint Residential. "The Walcott will provide a ‘best of both worlds’ luxury housing solution in what we feel is one of the most exciting areas along the Ohio Riverfront."
Construction is expected to be complete in mid-2020.