New Markets Tax Credit Coalition

Search

University of Pikeville (UPIKE) Student Housing and Education Facility

Investment

  • NMTC Amount: $6,000,000
  • Total Project Cost: $6,000,000

IMPACT

  • 26 FTE jobs
  • 32 construction jobs
  • 48,000 sq. ft. of real estate

Investor

Project Description

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 of Pikeville (UPIKE) Student Housing and Education Facility development. It included the purchase of an existing 113-room Hilton Garden Inn hotel in downtown Pikeville KY. After the purchase, the building was renovated and repurposed from hotel space into a student housing and educational programming space. The educational area includes space for undergraduate hotel and hospital management degrees, as well as nursing students. The project is projected to retain and create 58 jobs, of which 30 are projected new jobs and 25 are construction jobs.

MAP

Address: 849 Hambley Boulevard, Pikeville, KY 41501

Census Tract: 21195930301

Other Kentucky Projects

Financing to help a multifaceted food service provider expand.

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

NMTC financing supported the Pikeville College School Of Osteopathic Medicine project.
The project will renovate an existing single floor 84,194 sq. ft. former K-Mart building.