New Markets Tax Credit Coalition

Nucleus Innovation Center

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

Investor

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

The redevelopment of the entry way into the City of Williamsburg and the relocation and redevelopment of the University’s sport facilities.
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

Community Hospitality Healthcare Services provided $15,000,000 in NMTC allocation to Sterling Health Center, Inc. for the construction of two new facilities in medically underserved areas in Kentucky. The new construction

NMTC financing supported DRC Industries, a provider of custom packaging products, services, and solutions to a broad range of markets and industries.