Featured:

The MET Development, Inc.

Lexington, KY (2019)

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

COMMUNITY IMPACT
  • 140 FTE jobs
  • 91 construction jobs
FINANCING SOURCES
  • NMTC amount: $10,500,000
  • Total Project Costs: $23,305,840
  • CDE:
PROJECT LOCATION

576 East Third Street + 576 East 3rd Street

Lexington, KY 40508

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 square feet of commercial and retail space, including a Federally Qualified Health Center, a grocery store, rooftop event space, and 40,000 SF 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.