LOUISVILLE (March 28, 2017) — Mayor Greg Fischer today joined Councilman Robin Engel and members of Louisville-based Barrister Commercial Group (BCG) to break ground on the $80 million SouthPointe Commons retail development.
The 363,000-square-foot retail and lifestyle center is located at the southeast corner of the Gene Snyder Freeway and Bardstown Road on about 48 acres of commercially zoned land.
“Right now, Louisville is welcoming more than $9 billion invested in capital projects happening in the city. And I’m happy to highlight SouthPointe Commons as an important project for our citizens here in Fern Creek and our city as a whole,” said the Mayor. “I want to commend Barrister Commercial Group for their commitment to this project, and I look forward to returning to this site for the grand opening.”
The economic impact of SouthPointe Commons will be significant for Fern Creek, state and local governments, with projections indicating:
Construction activity will result in more than $2 million in tax receipts to state and local governments.
When completed, the retail activity will support 560 permanent jobs, with an annual payroll of $10.9 million.
An increase in property taxes to state and local governments of about $193,000 annually, with the bulk of that going to Jefferson County Public Schools.
“This groundbreaking event signifies remarkable economic development growth in District 22,” stated Councilman Robin Engel, who represents the area. “Once completed, SouthPointe Commons will offer unique retail, dining and residential opportunities, and generate more than 500 new jobs. Additionally, this private-public partnership will create much-needed infrastructure upgrades on Bardstown Road at the Gene Snyder Freeway and significant traffic reconfiguration in and around Bates Elementary.”
One notable community benefit provided by SouthPointe Commons is a solution to safety concerns related to getting in and out of Bates Elementary. Working in conjunction with Councilman Engel, Metro Public Works, KYTC, Jefferson County Public Schools and the Kentucky Retired Teachers Association, Barrister Commercial Group has committed more than $600,000 in improvements to Bates’ school campus.
Those improvements will result in a comprehensive solution that will implement best practices in the separation of bus and car traffic, resolve existing dangerous crossing conditions on Bardstown Road and create improved separation from Gene Snyder expressway acceleration lanes.
Frank A. Csapo, Barrister’s CEO, noted, “SouthPointe Commons will achieve a unique ambiance through a complement of restaurants, entertainment, fashion tenants and specialty retailers, connected with tree-lined streets. The lifestyle center is all about amenities and designs that enrich the consumer experience.”
Construction is expected to begin this summer on a new neighborhood inter-connector that will provide a direct connection from SouthPointe Commons to Brentlinger Lane, which will further relieve traffic on Bardstown Road.
Over the next several months, land will be cleared and infrastructure improvements for sewers, roads and underground utilities will begin. The relocation of the intersection of Wingfield Road and Bardstown Road into the newly signalized and named intersection of SouthPointe Boulevard and Bardstown Road is expected later this summer.
Last October, BCG announced the selection of Cooper Carry for the initial design of SouthPointe Commons. Cooper Carry has offices in Atlanta, Georgia, New York, and Washington, D.C., with projects around the world.
TRIO Commercial Property Group is the exclusive leasing company for SouthPointe Commons.