LOUISVILLE, KY (WAVE) - Organizers behind the renovation of the corner of Baxter Avenue and East Broadway have announced a plan to develop mix retail and residential space in the triangle of Baxter Avenue, Broadway and Rogers Street.
Representatives for Edwards Communities Development Company said the street level will feature retail and three levels will house residential apartments for multi family use.
Most residents at the meeting were excited about the plan. Those who were excited were hopeful the project will increase property values, as well as give the area a much needed renovation.
However, there was also concern. One resident believes Edwards Communities is building apartments targeting "rich millennials" and said the development will take away from the areas charm. It was an accusation developers called "offensive" and they fought back.
"I've never been so offended, to come in and have someone say 'you're coming into my town and ruining my town,'" one developer said, "so to say we're building for rich kids? Quit it! That's ridiculous."
He also cautioned against throwing out the term millennial as a derogatory term and said the apartments will host diverse renters.
The developer's attorney, Bill Bardenwerper, said Edwards Communities has plans to preserve five homes as part of the project that have some historical character and contribute some historical significance to the project. The Phoenix Hill Tavern will be torn down.
Phoenix Hill was one of WAVE Country's more popular live music venues for nearly 40 years, but closed over the summer.