Work to start on 'European-inspired' AC Hotel NuLu
Apr 17, 2018The hotel is going northwest of Shelby and Market streets. It will have 156 rooms, a 188-space garage, a rooftop bar, and 8,000 square feet of commercial space, probably to be occupied by several restaurants or shops.A release said the hotel will have "a distinctive European-inspired design and décor package appealing to design-conscious travelers who also want a location that offers an experiential stay."The property is being developed by The 725 Partners – Ron and Mollie Turnier who founded Creation Gardens; Rob Webber, chief operating officer of Creation Gardens; local developer Terry Cheynoweth, and Steve Kersey, the lead architect and partner of Kersey and Kersey.Concord Hospitality Enterprises based in Raleigh will manage the property, which will operate as an AC Hotel by Marriott brand. Assisting with the financing are the Whitman Peterson real-estate investment and management company and the Bluegrass International Fund.This is the first project in Kentucky to use funding from the Bluegrass International Fund, which was created in 1990 to provide capital from foreign sources for economic development projects in Kentucky and Southern Indiana.In addition, the partnership will be redeveloping two other existing buildings located at 725 E. Market St., near the hotel. They are the 6,400-square-foot former Neurath & Underwood funeral home and an adjacent 5,000-square-foot carriage house.MORE FROM THE CJ?Report: U of L blocking Wiggins from transferring to 5 schools?Yep, a CNN analyst compared the Syrian airstrikes to UK basketball?Cop visited children's hospital amid misconduct probe?Gorsuch’s confirmation worth the fight McConnell?Louisville abortion clinic won't close for now?Louisville Zoo's maned wolf pups doing well? ON THE GO? Download the CJ app for iPhone, Android and iPad? FOLLOW US: Watch the latest featured video on YouTubeProject spokeswoman Lauren Hendricks said in an interview Friday that the hotel is expe... (The Courier-Journal)