Nucleus Innovation Center

Louisville,
KY
(2013)

Nucleus Innovation Center

Adult Education, College or Vocational Training, Community, Science and Tech, Vocational Training

The University of Louisville Foundation constructed an eight-story, 202,510 gross square foot commercial office, information technology and laboratory building known as the Nucleus Innovation Center Building #1, the first of four buildings that comprise the Nucleus Innovation Park Downtown in Louisville, KY.

Investment

NMTC Amount: $19,850,000
Total Project Cost: $36,975,174

IMPACT

486 FTE jobs
270 construction jobs
202,510 sq. ft. of real estate

CDEs

National New Markets Fund, PNC

Investor

PNC

Project Description

The University of Louisville Foundation constructed an eight-story, 202,510 gross sq. ft. commercial office, information technology and laboratory building known as the Nucleus Innovation Center Building #1, the first of four buildings that comprise the Nucleus Innovation Park Downtown in Louisville, KY. The building is leased to innovative companies, both revenue generating and start-up, in the technology and healthcare industries. Louisville already has the world’s largest cluster of long-term care companies, and Nucleus further enhances the city’s status as a national and international hub for the wellness and aging care industry.

MAP

Address: 300 East Market Street, Louisville, KY 40202

Census Tract: 21111004900

Other Kentucky Projects

Continental Mixers-Greenburg

Greensburg,
KY

Auto Manufacturing

CDE(s): Advantage Capital

Continental Mixers is a manufacturer of concrete mixer drums for commercial customers. The Company recently received a request from a customer to expand production with the Company. This project provided

Home of the Innocents

Louisville,
KY
(2008)

Community, Daycare and Early Childhood, Healthcare, Shelters and Community Food, Youth and Families

CDE(s): Brownfield Revitalization, Liberty Bank and Trust, WNC National Community Development Advisors

Construction of five new buildings of project that expanded capacity and services offered to medically fragile children as well as children who have been abused, abandoned or neglected, and children

West Liberty Tornado Recovery

West Liberty,
KY
(2013)

Behavioral Health, Community, Disaster Recovery, FQHCs, Healthcare, Rural, Tornadoes

CDE(s): Chase, Pacesetter CDE, People Incorporated Financial Services

In 2012, West Liberty, Kentucky was literally destroyed by a series of E-3 tornadoes. This NMTC project helped the community rebuild.

University of Pikeville (UPIKE) Student Housing and Education Facility

Pikeville,
KY
(2022)

CDE(s): National Community Investment Fund

UPIKE Student Housing and Education Facility renovated and repurposed existing 113-room Hilton Garden Inn hotel space into a student housing and educational programming space. The project will fund the University