The view out the floor-to-ceiling windows of the model RiverPark Place condo seems so realistic, you can imagine yourself sipping a cool drink and watching the sunset there.
Poe Companies’ planned 16-story condo tower at RiverPark Place, called Edgewater, was designed to be all about the views, says Rob Chandler, a principal at Boston-based architects Goody Clancy.
“Units on the west side will be looking out over downtown and the bridges; those on the east side will be looking back along the river. They all will have outdoor spaces [balconies], and they all will have lots of glass,” he said.
The luxury condo project calls for 15,000 square feet on the ground floor for a restaurant/retail mix; 40,000 square feet of office space on the second and third floors; residential units on floors four through 15, and a rooftop swimming pool, fitness center and clubroom with catering kitchen.
Developer Steve Poe has expressed confidence that the required presale of half planned 85 condos will be secured to land needed financing for the $65 million tower.
The condos – eight different models from 1,015 to more than 3,000 square feet – will range in price from $400,000 to $1 million-plus. There will be 10 one-bedroom and 72 two-bedroom units, plus three penthouses expected to fetch up to $2.3 million.
The condos aren’t exactly all about the views. Buyers will be able to select paint colors, countertops and flooring to suit their own tastes. The units will include huge closets and 10-foot ceilings – 16-foot ceilings in the penthouses.
Since the river level can vary as much as 32 feet, underground parking posed a challenge in developing the site, Chandler said, requiring a raised landscape. Plans call for about 250 spaces in the heated structure.
Along with another 14-story luxury apartment tower to be added later east of the Edgewater, the area is being developed as an active urban center, Chandler said, with shops, restaurants and an outdoor plaza, with space for events overlooking the river. A 12,000-square-foot restaurant – just the first of the planned restaurants – is scheduled to open next summer. It will be operated by the group that owns the local Doc Crow’s. It’s all designed to integrate into Louisville’s waterfront parks.
After mothballing the project in 2008 due to the economic downturn, Poe has resumed construction on the 40-acre project, completing a $10 million 150-slip marina in May 2012. The first phase of RiverPark Apartments was completed in May 2013 and a 160-unit second phase, both designed by local architects K. Norman Berry, is nearing completion.