Louisville, KY (July 2022) – Privately-held real estate investment firm 29th Street Capital (29SC) continues to push forward on the total renovation of a nearly 200-year-old church, now known as Maven @ 806.
29SC originally purchased the property in 2018 and has since renovated in phases, with Phase I including all 39 units and hallways as well as enhancements to the surrounding courtyard buildings. Phase II of renovations includes further courtyard enhancements, rebuilding the property’s 150-foot steeple, adding 14 newly constructed units within the sanctuary itself, a mailroom, gym, and a management/leasing office.
“It was important to us to maintain the historic integrity of this property,” said Josh Lindley, Senior Vice President of Acquisitions & Haven Residential. “Our construction teams were able to salvage many of the original fixtures/Frescos and lumber from the formerly abandoned sanctuary, including using the original oak as trim on windowsills. This property is a designated Louisville landmark, and we’re proud of adding such a historic piece to our Louisville portfolio.”
Originally built in 1867, 29SC plans to continue to salvage and enhance as much of the original construction as possible. Maven @ 806 will offer a high-end living experience for residents within the Phoenix Hill and Greater Nulu (New Louisville) area. Its grand opening is expected to take place on Wednesday, November 9th.
Maven @ 806 is located at 806 E. Chestnut Street, Louisville, Kentucky. Otherwise known as The East Market, Nulu has become known for its unique art galleries, historic attractions, specialty stores, antique shops, and growing number of local restaurants. The property’s location gives easy access to major Interstates 64, 65, and 71. With 20+ employers in the healthcare sector, Louisville is at the forefront of the nation’s healthcare. Nationally recognized Fortune 500 companies Humana and Kindred Healthcare are headquartered in Louisville and hire a steady stream of IT and healthcare professionals in high-paying positions. These employers’ presence in Greater Louisville brings stable demand for apartment housing and is an immeasurable economic driver for the success of the multifamily market.
29SC’s in-house property management company, Haven Residential, is also headquartered in Louisville and will oversee management and leasing. Haven manages over 20,000 units in 17 States with over 400 employees.
Formed in 2009, 29th Street Capital is a privately held real estate investment firm with 17 offices nationwide. Its current portfolio consists of more than 20,000 existing units and a development pipeline of over 3,800 units. In the last year, 29SC has acquired over 30 multifamily assets across the United States that contain over 7,600 units. The firm continues to actively pursue new opportunities.
Learn more about 29SC at www.29thstreetcapital.com.
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