Posted August 04, 2018 09:59:00 Horizon Construction announced on Wednesday that it has partnered with the local architectural firm, Urban Landscapes, to develop a new 1,300-unit residential and commercial development in Louisville’s Riverview district.
The company said it will be the first in the United States to offer both affordable and luxury rental units.
The partnership with Urban Landscape, which is based in Chicago, allows the company to build its first luxury apartments at a cost that is lower than its competitors.
The development, called the Downtown Gateway, will feature an 18-story, mixed-use building designed by Frank Gehry.
The building will be located on a 7-acre site that has been designated a special economic zone.
The site, currently home to the site of the former National Football League team’s home, was originally designated as a special industrial zone in the 1970s.
The designation allowed the area to be redeveloped as a commercial district, and the redevelopment has been successful.
“This is a big opportunity for our community,” said Michael Stutzman, Horizon’s chief executive officer.
“Louisville’s RiverView District is the heart of Louisville and we are thrilled to be partnering with a partner that shares that vision and ambition.”
The company’s partners include: Urban Landworks, a Chicago-based architectural firm; Architectural Landscape Design, a Cincinnati-based firm that specializes in residential and office space; and the Cleveland-based architecture firm, Ecker Associates.
Horizon’s partnership with Ecker and Urban Land Works follows a similar partnership between Horizon and Ecker Design, which has been developing luxury apartments in Cleveland.
“We are proud to have partnered with Eker Associates and UrbanLandworks to develop our first high-end residential development in the Riverview District,” said James R. O’Brien, Horizon president and chief executive.
“The Downtown Gateway development will be a great addition to the RiverView community and will provide thousands of jobs and thousands of new residents to Louisville’s downtown.”
The project is being developed as part of the Louisville Downtown Development Authority’s (LDDA) Downtown Development Plan, which was released in November.
The plan aims to provide a more sustainable and livable downtown that will attract more businesses and residents to the city.
The LDDA announced in January that it was developing the Downtown Crossing project, a 20-story apartment building that will be built on an adjacent parcel.
The project will be constructed at the site where the former NFL stadium is located.