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Louisville Business First
NAACP withdraws from West End board
The Louisville Branch of the NAACP has withdrawn from the board created to manage a state Tax Increment Financing (TIF) district covering the nine neighborhoods that make up West Louisville.<\p> NAACP President Raoul Cunningham sent a letter to the West End Opportunity Partnership (WEOP) board of directors informing them of the civil rights organization’s decision on Tuesday.<\p>
Louisville health system opens $40M facility
Baptist Health's $40 million pharmacy services center is now open in Oldham County.<\p> The 102 square-foot La Grange facility, which will serve as a medication hub for the system's nine hospitals in the area, is one of the first autonomous pharmacy centers in the United States, according to a release from Baptist. It's equipped with state-of-the-art robotics designed to fill up to 14,000 prescriptions per hour.<\p>
Wawa breaks ground on first Louisville store
The wait for Wawa is waning.<\p> The Media, Pennsylvania-based convenience store chain broke ground on what will be its first Louisville location Wednesday, at 9650 Preston Crossing Blvd in Okolona. The store will face Preston Highway and is in the same shopping center as home improvement retailer Menards.<\p>
Landlords’ financials draw increased scrutiny from tenants
As billions are set to mature within commercial real estate-backed loans, tenants are putting extra scrutiny on prospective landlords' financial wherewithal before signing leases.<\p> And while a preference for the newest or most-updated office towers that offer a bevy of amenities remains prevalent among tenants, so too is the appeal of leasing space from a landlord with limited or even no debt on the building.<\p>
Louisville makes big jump in Best Places to Live rankings
Louisville and Lexington landed in the top 50 of U.S. News & World Report's 2024-25 list of Best Places to Live, but which of the two largest cities in Kentucky ranked higher?<\p> That would be Lexington, which came in at No. 15 on the annual list, nestled between two quite different cities — Madison, Wisconsin, and Oklahoma City.<\p>
East End gets new-to-market restaurant
Tiffany Phan, owner of Bambu Desserts & Drinks, immigrated to the United States from Vietnam in 1992. After earning a computer engineering degree from the University of Louisville, Phan spent 25 years working as a programmer for Humana Inc. <\p> Phan said she surprised many of her friends and family when she retired from Humana last year to follow her dream of opening a restaurant.<\p>
Where typical home values have pushed higher than $1M
Nestled amid the palm trees of Jupiter Island, Florida, is a three-bedroom, five-bathroom house with a pool on a half-acre lot.<\p> The 2,798-square-foot house, only steps to the beach and offering ocean views, is currently listed on the market for $5.1 million. As of the time of publication, it's the cheapest house for sale on Jupiter Island, which boasts the highest median home value in America, according to Zillow Group Inc. (Nasdaq: ZG).<\p>
New $45M Kentucky distillery maps future
Ryan Edwards and his team at Augusta Distillery have proven that they are not averse to the waiting game — and so have their customers. <\p> One waiting period six years in the making, though, is about to come to an end, with the opening of a 45,000-square foot distillery in downtown Augusta, Kentucky, in Bracken County.<\p>
Amazon is taking over more space in Louisville. Here's where
Amazon Inc. (Nasdaq: AMZN) is extending its massive footprint into Jeffersontown. <\p> The e-commerce giant is installing a $3.2 million material handling system inside a new 150,000-square-foot warehouse at 13051 Plantside Drive, according to a permit filed with Louisville Metro Planning and design. <\p>
Muhammad Ali's childhood home is for sale
The West Louisville home where boxing legend Muhammad Ali grew up is on the market.<\p> The Associated Press reports that the two-bedroom, one-bathroom house went on the market Tuesday, along with two neighboring homes. The pink house, located at 3302 Grand Avenue, has been converted into a museum. One of the neighboring homes has been converted into a gift shop, while the other is a welcome center, a news release said.<\p>
Most top-performing companies take this position on pay transparency
Most top-performing companies are proving to be open and transparent about pay at a time when workers increasingly expect it.<\p> That finding comes from compensation data and software provider Payscale Inc., which recently analyzed companies that beat their own revenue goals to find what they had in common. <\p>
Former owner of De La Torre's in the Highlands dies at age 69
Miguel de la Torre Ladrón de Guevara, chef and owner of De la Torre’s Restaurant and La Bodega Tapas Bar, passed away on May 25 after a short illness. He was 69.<\p> Miguel and his wife Maggie operated De La Torre’s and La Bodega, located at 1604-06 Bardstown Road in the Highlands, for 25 years before retiring in 2014.<\p>
Local bank's multicultural division responds to unique finance needs
Financial assistance from one of the area’s largest banks — from its division focused on supporting nonprofits, minority-owned businesses and developers aiding Louisville’s underserved communities — has been a “bridge” to successful impact, a recipient of services said. <\p> The Community & Multicultural Banking Division running out of Republic Bank & Trust Co. (Nasdaq: RBCAA) has been operating for almost a year and a half after a new senior vice president was brought on in January 2023 to lead it.<\p>
Local construction firm names new president
A longstanding family-owned Southern Indiana construction firm has a new president.<\p> The Koetter Group told Business First in a release that it's named Oliver Roe president of its construction division. Roe comes to the Koetter Group from JLL, where he most recently served as vice president of project and development services, according to his LinkedIn profile. Prior to that, he worked more than 12 years at D.E.R. Development in Cincinnati learning the construction industry, before coming to Louisville in 2019 to work as a project manager at Calhoun.<\p>
EXCLUSIVE: Global CRE firm enters local market with $22M investment
With projects from Dallas, Texas to Napa, California and Aachen, Germany to Bologna, Italy, Scannell Properties’ work spans the globe.<\p> But despite its international reach, the Indianapolis-based firm’s footprint didn’t extend the two hour drive down I-65 to Greater Louisville — until now.<\p>
NuLu street redesign is finally happening — here's when
An ambitious $12.5 million overhaul of the NuLu streetscape along East Market Street is set to finally get underway later this month, more than ten years after its initial announcement.<\p> Over the weekend, Metro Public Works announced the city awarded the contract for the work to Louisville-based PACE Contracting, which will build out the project spanning from Brook Street to Baxter Avenue. The city says work will get underway June 17 on the north side of the 900 and 1000 blocks of East Market Street, and will wrap in October of next year. <\p>
JCPS and TARC cut bus route deal
JCPS will restore some of its slashed magnet school bus routes by enlisting the services of up to 70 TARC drivers in the coming school year.<\p> Louisville Mayor Craig Greenberg said in a press conference this morning the partnership with JCPS and TARC is being finalized and could be in place as soon as Friday, when TARC's board meets to vote on the proposal. <\p>
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