Investment Highlights

Light Value-Add Opportunity: New ownership will have the opportunity to add value to the property through a light renovation, such as painting the cabinets, replacing the fixtures, or adding stainless steel appliances. 

Amenities Upgrade: New ownership will have the opportunity to take advantage of green space throughout the property to add new amenities or to upgrade existing amenities such as the fitness center, pool, or playground

Highly Favorable Demographics: Stonewater Park is located in a zip code that has impressive median income, education levels, and home values:
• Median Income: $73,400 (KY - $44,800, Louisville - $46,900)
• Bachelor’s Degree or Higher - 62.8% (KY - 25.3%, Louisville - 30.7%)
• Median Home Value - $299,975 with homes for sale up to $1,379,900

Access to Louisville’s Premier Retail Centers: Stonewater Park is ideally positioned near Louisville’s premier shopping centers, including
• Oxmoor Center | 918,536 SF
• Mall St. Matthews | 1,019,075 SF
• Springhurst Towne Center | 810,330 SF
• Paddock Shops | 367,500 SF

Abundant Development Underway: According to Louisville Business Journal’s Crane Watch, 25+ projects are either proposed, planned, or under construction around Stonewater Park in the Retail, Hotel, Healthcare, Industrial, Mixed-Use, and Office sectors. Additional submarket highlights include: 
• Norton Commons Office Park: 269,000 SF Office Park Development
• Fenley Development: 115 Room Hotel & Two 4 Story Office Buildings
• JDG Development: $200+ million; 100 acre mixed use with office, retail, and multi-family
• Topgolf: 500 jobs; Expected to generate $264.5 million over 10 years
• Wieland North America: $9 million HQ; 75 jobs
• Lichtefeld Inc: $10 million; 125,800 SF distribution center

Louisville Employers Expanding: Stonewater Park is located next to the Ford Kentucky Truck Plant, and Ford is one of the companies expanding or investing into Louisville, including:
• Ford: $1 billion investment
• GE Appliances: $80 million investment
• Louisville Airport: $75 million of $400 million total investment planned in 2021
• Amazon: 142,000 SF facility; 200 jobs
• McKesson Corp: Hiring 1,200 jobs for vaccine distribution
• Brown-Forman Distillery: $96 million expansion

Major Louisville Employers: Louisville is home to dozens of companies that employ over 1,000 people, highlighted by UPS (23,533 jobs), Ford (13,020 jobs), Norton Healthcare (12,579 jobs), and Humana (12,000 jobs)

Nationally Ranked Metro: Louisville has gained national attention due to its growing economy and lifestyle, including:
• #2 - Busiest US Cargo Airport (aci)
• #2 - Metro Areas with the Most Profitable Businesses (lendingtree)
• #4 - Cities with the Happiest Workers (cnbc)
• #6 - Best Cities for Remote Workers (highspeedinternet)
• #8 - Best Cities for College Grads (smartasset)

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