Project Details:
Community Ventures will construct two buildings on Midland Avenue and East Third Street, in the East End neighborhood of Lexington, Kentucky. The mixed use development known as “The MET”, will consist of more than 30,000 square feet (SF) of commercial and retail space, including a Federally Qualified Health Center (FHQC), a grocery store, rooftop event space, and 40,000 SF for 44 residential units with 13 rent restricted for low-income individuals (the “Project”). The Project is the first phase of what is anticipated to be a catalytic effort to revitalize and remove blight from the East End area. Recent Tax Increment Financing (TIF) approval and the census tract’s designation as a qualified Opportunity Zone demonstrates support by several levels of government at the Project’s location.