800 Tower City Club Luxury High-Rise

800 Tower City Club Luxury High-Rise

Louisville, KY
Available
  • Property Type: Apartments
  • Property Size: 236,787 SF / 1.22 Acres / 286 Units

Overview

Capstone Apartment Partners is  pleased to present 800 Tower City Club Apartments, a unique opportunity to acquire an exceptionally located, irreplaceable 286-unit high-rise in the heart of downtown Louisville, KY. This trophy asset is well-positioned in the midst of a massive development wave sweeping through downtown Louisville and the riverfronts, as Louisville continues its strong growth and revitalization of the urban core.  As one of only two multi-family, high-rise assets in Louisville, 800 Tower City Club is positioned in a prime downtown location, offering amazing panoramic views of the city, the Ohio River, Churchill Downs, and the University of Louisville. Residents enjoy fast and convenient walkable access to the employment, entertainment, recreation, and cultural centers of downtown. Tens of billions of dollars are being invested into developments along the riverfront and the surrounding downtown areas, contiguous to 800 Tower City Club—enhancing the recreation, dining, housing, entertainment, and employment districts in the urban core surrounding the property. This recent transformation has led to a massive migration back to downtown Louisville, attracting residents from all walks of life—college students and young professionals to medical professionals and empty nesters—looking to capitalize on the benefits of an active urban lifestyle. This has led to a strong and diverse resident base which averages an annual income of $100,000+.

Investment Highlights

  • Current ownership has invested over $17,000,000 since 2015 to transform the property into the premier multi-family asset in the market.
  • Originally constructed as the tallest building in Louisville, 800 Tower City Club was designed as an upscale, luxurious residence. Current ownership executed their vision to restore this timeless asset to its original glory, including a total interior overhaul—consisting of a complete renovation of floors 24 and above—and the addition of an unmatched amenity package. The full-scale remodel was completed in an exceptionally high-quality fashion and 800 Tower City Club now has the feel of boutique 5-star hotel.
  • The spacious unit interiors feature five custom finish packages and oversized private balconies with amazing panoramic views.
  • The community amenity package includes a rooftop pool, yoga patio, bar and lounge, a private movie theater, 24-hour fitness center, and an on-site restaurant. It truly is the most desirable multi-family living destination in the MSA.
  • This property is exceptionally well-positioned, offering investors the rare opportunity to acquire an irreplaceable trophy asset well below replacement cost.

Contact Information

Nathan Murphy Senior Advisor P: 513.460.5941
O: 800.746.3175 ext. 707
nathan@capstone-companies.com
Stash Geleszinski, CCIM Managing Director P: 513.417.5588
O: 800.746.3175 ext. 705
stash@capstone-companies.com
Luke Searcy Investment Sales Advisor P: 731.592.9573
O: 800.746.3175 ext. 724
luke@capstone-companies.com
capstoneapts-logo