Louisville Commercial Development Predictions for 2017-2027

As a commercial real estate appraiser, I talk to commercial real estate developers, brokers, property owners and other appraisers. Generally, I hear about most development before its announced to the public. Also, we conduct daily research on new land sales, which always gives us a clue on new development.

For the next 10 years, I think the following areas are worth watching:

Urton Lane / Ellingsworth Lane – If Lou Metro can straighten out Ellingsworth Lane and connect it to Urton Lane at Tucker Station Road, eliminating the jog on North Pope Lick Road, that opens up 350 acres of land south of Shelbyville Road inside the Gene Snyder Freeway. If Urton Lane can be widened south of Shelbyville Road, that opens up the north entrance to this massive area the size of Eastpoint Business Park.

Old Henry Road – Schulte Hospitality Group, Jefferson Development Group and Thornton’s are already developing in this new area outside the Gene Snyder. If Old Henry Road can be connected to Ash Avenue in southern Oldham County, that opens up a few thousand acres for development along Ash Ave (Highway 362), which connects with Aiken Road. If Aiken Road can be widened, this would likely spur more residential subdivision development similar to Polo Fields.

Taylorsville Road – While it seems somewhat obvious, sewer extension to this area has recently allowed major growth, including Kendal on Taylorsiville, a Class A apartment complex, as well as other retailers like Tire Discounters. Now that Blankenbaker Road is extended to Taylorsville, and if Tucker Station Road could be widened, this creates a large pocket of development ground between J-town and the Gene Snyder.