Waypoint Residential, LLC says that it will develop a 214-unit Class A multifamily property in Jeffersonville in the Old Jeffersonville Historic District opportunity zone.
The Walcott Jefferson will be located directly across the street from the Big 4 Station Park and will benefit from the ongoing revitalization of Jeffersonville’s downtown and waterfront, which includes new restaurants, bars, boutiques and the Riverfront floating amphitheater, the developer says in a statement.
“The Walcott Jeffersonville is our second investment in the greater Louisville MSA, and our first in Jeffersonville,” said Waypoint CEO Scott Lawlor. “The City of Jeffersonville’s revitalization strategy, in the broader context of a diverse and growing economy in the MSA, presented a compelling investment opportunity. It is a deal we had under contract before the opportunity zone designation, which is an added benefit.”
Construction is targeted for completion in mid-2020.