Lexington, KY (2019)

The MET Development, Inc.

Construction of two buildings on Midland Avenue and East Third Street, in the East End neighborhood of Lexington, Kentucky.

Investment

  • NMTC Amount: $10,500,000
  • Total Project Cost: $23,305,840

IMPACT

  • 140 FTE jobs
  • 91 construction jobs
  • 2,000 patients served
  • Project includes a Federally Qualified Health Center.
  • 70,000 sq. ft. of real estate

Investor

Project Description

Community Ventures is financing the construction of two buildings on Midland Avenue and East Third Street, in the East End neighborhood of Lexington, Kentucky. The mixed-use development known as “The MET”, will consist of more than 30,000 sq. ft. of commercial and retail space, including a Federally Qualified Health Center, a grocery store, rooftop event space, and 40,000 sq. ft. for 44 residential units with 13 rent restricted for low-income individuals. The Project is the first phase of what is anticipated to be a catalytic effort to revitalize and remove blight from the East End area.

MAP

Address: 576 East Third Street + 576 East 3rd Street, Lexington, KY 40508

Census Tract: 21067000101

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