In this Louisville themed podcast, we tap the infinite downtown condo wisdom of Eric Seltz, a local Louisville real estate expert and consultant. His vast network of real estate agents, architects, builders, interior designers and landscape architects built up over the past 15 years in the business makes him a blessing to know!
Louisville’s NuLu district is often lumped into general discussions of downtown, but would technically be bound by the downtown corridor to the west and the Highlands to the east. According to Seltz, the downtown condo market is really the ideal opportunity for those who desire a more “urban” lifestyle. In NuLu, you can find nice spaces to settle down into -- adjacent to antique shops, art galleries, upscale restaurants, and specialty shops – in a variety of different price points. You could say, “There’s something for everyone” here.
From an urban planning perspective, NuLu is symbolic of the wonderful renaissance happening all around us, characterized by adaptive reuse developments and new construction projects that breathe new life into this old part of town. “You’re seeing just one building after another being renovated to either retail space, housing space, combinations of the two,” says Seltz. The great “Bourbon Boom” has led to the opening of many distilleries along Main Street-Market Street corridor, he adds. One place to check out if you’re jonesing for “brand new” is the Fleur-De-Lis, which provides new housing downtown with amenities, parking and easy access to the downtown corridor.
For a spell, luxury downtown condo sales had dipped a bit, but we’re starting to see strong, healthy pricing again and condo loan financing is easier to secure. If you’re interested in a “try-it-before-you-buy-it” type scenario, there are rental units in the NuLu area as well. These high-quality rentals are a bit competitive to snag, but Main Street is a flurry of activity that should provide new opportunities to that market, says Seltz. He invites anyone who is interested in the area to contact him for advice and assistance. You may also visit www.nulu.org for more information on this desirable slice of Louisville, KY.
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