Retail-Commercial for Sale
Catylist Listing ID: 30524021
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 10,175 SF
Gross Building Area: See Agent
Sale Price: $3,200,000
Unit Price: $314.50 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
LEED Certified: Yes
Last Updated: 3/13/2020

Overview / Comments

One of the most iconic buildings in downtown Louisville, the literal and symbolic center of NULU, one of only 6000 LEED Platinum-certified buildings in the WORLD! On the market for the first time!

The Green Building was the first LEED Platinum project in the city of Louisville and the first LEED-certified adaptive re-use project in the state of Kentucky. Completed in 2009 and located in NULU, The Green Building has become the catalyst to the revitalization of the neighborhood, now a pedestrian-friendly arts district guided by a culture of sustainability and stacked with galleries, cafes, boutiques and over $500,000,000 in current and planned development.

The Green Building project rescued a 115-year-old former dry goods store from decades of misuse, resuscitating its structural masonry shell, and infusing it with a modern core, including a 40-foot high lobby, expansive natural lighting, eco-friendly materials, and renewable energy systems. Based on the idea that sensible architecture emerges between spatial and programmatic relationships, form environment research (fer) studio designed the project to instill an experience of Place within the surrounding environment.

The Green Building is a 10,175 sq ft mixed-use building housing a gallery, event space, offices, conference rooms, and separate restaurant space. The building's original mortar joint façade remained intact while the 1980's storefront was replaced by an angled, recessed wood and aluminum façade that recedes visually to draw visitors in towards the entry. Though the building is long and narrow, natural light and outdoor views flood the interior through an ascending glass spine that bridges all three floors and breaks the roof into three planes. The spine cascades down the backside of the space, providing views to the green
roof below. The main gallery below the green roof is home to a digital movie screening room and a monthly rotating art gallery.

The outdoor courtyard towards the rear of the building provides a warm-weather event space shaded by trees and a canopy of 81 solar panels cantilevered on the existing roof bar joists. Concealed in the basement, a cylindrical ice storage system freezes during off-peak hours and generates cooling air. An energy recovery unit is located at the highest and lowest points of the building to capture hot and cold air and redistribute throughout the building.

Existing old-growth wood members have been blasted with corn husks and planed down for re-use in plain view throughout the building. The century-old drafty masonry shell of the original building has been completely sealed with inert recycled insulating materials, and the original window openings, previously filled in with cinderblocks, have been restored with Low-E insulated glass. No chlorofluorocarbon-based refrigerants are used in the air conditioning and no halon gases in the fire suppression system, control systems meter HVAC systems, water usage, and energy performance of the building.

As the beacon for sustainability and the arts in Louisville, the primary goal of The Green Building was to spur the revitalization of the emerging community of East Market St, now NULU. In equal effort to support the local economy, as well as earn points towards LEED certification, The Green Building relied on local businesses and materials during construction and continues to do so for day-to-day maintenance.

Renovation Completed, May 2009
Architect - Doug Pearson (Los Angeles, CA)
Contractor - Tim Peters Construction (Louisville, KY)
Structural Engineer - BTM Engineering (Louisville, KY)
Photographer - Quadrant Studios (Louisville, KY)

Cornerstone Award
Kentucky Small Business Air Quality Stewardship Award
LEED Platinum Certification
Excellence in Design Award
Best New Green Project in the Midwest
Environmental Pacesetter Award

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 017D00880000
Zoning: C-2 - Commercial District
Year Built: 1892
Year Renovated: 2009

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,059 133,801 312,918
Median Age: 36.45 36.06 37.42
Households: 5,245 60,167 136,196


Photograph of Listing Agent

Scott Gilmore

HOWE Real Estate KCREA Member
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