SOUTHGATE, Ky. — Ashley Builders Group and Vision Realty Group have finalized the purchase of the Beverly Hills site, clearing the way for construction of the planned Memorial Pointe residential community to begin in late August.
In addition to the construction of an assisted living center, luxury apartments, and single-family homes, the $65 million projects will include a memorial to the victims of the 1977 Beverly Hills Supper Club fire that claimed 165 lives and forever changed fire safety regulations in Kentucky and across the country.
Ashley Builders Group will be jointly developing the project with Vision Realty Group. In addition to the site development, Vision Realty Group will also be developing the 200 apartments at Memorial Pointe in a partnership with North American Properties.
Stock Yards Bank provided the project’s financing while Viox & Viox is serving as project engineer.
The memorial is planned for land along U.S. 27 and will include the names of the victims; a list of local first responder units that responded to the fire; a list of the federal and state fire safety regulations that were implemented as a result of the fire; and maps of the site in 1977. A marker honoring the victims will also be placed in the park that will be developed as part of the residential project at the top of the hill.
The site covers 80 acres and in addition to residential development, Memorial Pointe will maintain green space and include a park as well as connections to Highland Country Club, which is across Blossom Lane from the site. Access to Memorial Pointe will be from U.S. 27 and from Blossom Lane.
Memorial Pointe will be built in phases over approximately five years. The project will include:
- 85 single-family, two-to-four-bedroom homes that will be offered starting in the upper $300,000 range. A Homeowners Association will maintain the units, a neighborhood park, and greenspace.
- 200 luxury apartments that will offer rents from $1,100 to $2,000 a month and feature a common area that includes a swimming pool, indoor exercise facility, and an event center for parties, meetings, family gatherings, etc.
- A for-profit assisted living facility of 85 residential units that will with care and support fees be offered at $3,000 to $6,000 a month.
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