|Type||Residential, commercial, and retail|
|Location||Bound by W. Main, W. Vine, S. Upper, and S. Limestone Streets
Lexington, Kentucky, United States 40507
|Construction started||December 2013|
|Design and construction|
CentrePointe is residential, commercial, and retail development in Downtown Lexington, Kentucky, United States. The current plan as of 2013[update] consists of a 19 story high rise with surrounding low rise buildings.
CentrePointe is not yet in the process of being constructed. The original estimated time of completion was in 2010 as it was intended to serve as a centerpiece for business during the 2010 FEI World Equestrian Games. But, before the construction of CentrePointe began, many local residents objected the project as it meant the destruction of Morton's Row, the city's second-oldest commercial district, and a local hotspot called The Dame. In July 2008, the Fayette Alliance — a coalition of developers, neighborhood associations and farmers — revoked its support for the building, due to an apparent reluctance on the part of the developer to work with concerned parties in addressing various issues concerning the development.
In addition to the controversy surrounding The Dame, the use of Tax Increment Financing for the development was debated. Initially concern centered on the application of taxpayer money without the inclusion of ideas from those taxpayers. This opposition arose mostly from a common misunderstanding of TIF, which utilizes the boom property tax value from a redevelopment project to fund improvements locally. The issue went before the city council in September 2008. The council voted in favor of utilizing Tax Increment Financing for the project due to the infrastructure improvements for the surrounding area including sidewalks and underground parking structures.
On June 25, 2009, the process of seeding and filling the CentrePointe construction site began. Preliminary construction began in December 2013.
The original plan in 2008 called for a 35-story, 550-foot-tall (170 m) high rise which would include a hotel, condominiums, retail and office space. The entire development is estimated to cost $250 million and would have became the tallest building in Lexington upon completion. Since 2008 there has been 3 other designs. The first two suggested one large building that would have covered the entire block. But, after Studio Gang Architects became involved in the project in 2011, the latter two proposed designs have suggest one tower and several low rise buildings.
Jeanne Gang, lead architect of Studio Gang Architects, was hired to draft ideas for the CentrePointe project in 2011. She proposed a 30 story tower which would include a 10 floor boutique hotel, 10 floors of apartments, 7 floors of condominiums and 3 floors of penthouses. Her design also called for an eight story building on the intersection of South Limestone St. and West Main St. along with a row of low rises on West Main St.
In 2012, the Webb Companies released a design that resembled that of Studio Gang Architects. The proposed design now includes a 28 story hotel-condominium tower at the intersection of West Vine St. and South Upper St.;4 smaller buildings on West Main St.; and a low rise office building at South Limestone St. and West Main St.
The project was further revised in 2013. The new plan has downsized the main high rise to from 28 to 19 floors. It will include a 286 room hotel with eight condominiums. There will also be 96 apartments with 10,700 square feet of retail space on the ground floor. An office building will have 157,710 square feet of offices as well as restaurants and retailers. The development is estimated to cost US $393.9 millon.
On September 10th, EOP, the architecture firm behind the fifth iteration of the CentrePointe design announced they were pulling out of the project. The Webb Company developers had previously announced that construction would begin on CentrePointe by the end of September.
- Ward, Karla (2013-07-09). "Lexington Council Approves New CentrePointe Development Agreement". Lexington Herald-Leader. Retrieved 2013-07-19.
- "City council creates panel that will deal with CentrePointe funding". Herald-Leader. Retrieved 2008-08-05.
- "Statement on CentrePointe" (PDF). Fayette Alliance. 2008-07-08. Retrieved 2008-08-05.
- "CentrePointe". FreedomKentucky.org. Retrieved 2008-10-13.
- "Centrepointe Project Gets Green Light". WKYT.com. 2008-06-25. Retrieved 2008-08-05.
- Fortune, Beverly (2011-07-14). "New CentrePointe Design Includes 30 Story Tower of Tubes". Lexington Herald-Leader. Retrieved 2013-01-05.
- Fortune, Beverly (2012-03-28). "Design For Lexington's CentrePointe Project Get's Board Approval". Lexington Herald-Leader. Retrieved 2013-01-05.
- Fortune, Beverly (2011-02-15). "Architects Present New Preliminary Design For Lexington's CentrePointe Block". Lexington Herald-Leader. Retrieved 2012-01-05.