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Current Properties


gml_properties_pageGermantown Mill Lofts – Multifamily 

Germantown Mill Lofts is a dynamic multifamily project in the heart of Louisville. The plan calls for an extensive renovation of an entire city block on Goss Avenue in the middle of the Schnitzelburg and Germantown neighborhoods, gentrifying the corridor to Downtown. The property, which was originally operated as the largest cotton mill in the state of Kentucky, consists of over 250,000 square feet in numerous buildings spreading over almost 8 acres. READ MORE



Heritage Green – Multifamily

Heritage Green is one of the largest multifamily projects in the region and is rich with history. The roots of the project date back to World War II when the adjoining United States Navy Ordinance station was coordinating returning officers from the war. Heritage Green is nestled on 29 acres in the south end of Louisville, Kentucky and has 624 units in total.  READ MORE


hh_properties_pageHeritage Hill – Multifamily

Heritage Hill is a 163 unit complex in the Middletown area of Louisville, KY consisting of one, two, and three bedroom apartments and townhomes. Underhill Associates has been involved in this property in a number of capacities for over a decade. In 2002, the company purchased the underperforming asset, which is situated in a desirable location in the affluent east end of the city.   READ MORE



Highlands Court – Multifamily

Highlands Court is an apartment community designed for seniors and for physically challenged residents. It is nestled in the Highlands area of Louisville, Kentucky, adjacent to Bellarmine University. The property is comprised of 100 one bedroom units as well as several community rooms and a beauty shop serving residents. Underhill Associates has been managing this site on behalf third party owners since 1984, providing expertise in leasing, maintenance, and tax credit compliance. READ MORE



Historic Elmwood Mansion – Multifamily

Historic Elmwood in St. Matthews, Kentucky was built By Richard Herr is 1856 on a three hundred acre tract. The Herr family originally came to Kentucky as land surveyors and explorers in 1779. Settling in the St. Matthews area, they secured title to thousands of acres. In the following decades the Herr family became prominent plantation owners. The second generation Herr’s built six mansions in the St. Matthews area. Elmwood is one of the four remaining Herr mansions. READ MORE



The Pluris Group – Private Equity, Multifamily, Single Family

The Pluris Group is a compilation of several private equity funds that focus on real estate investments in proven metro areas throughout the United States. The general partnership is managed by two of the principals of Underhill Associates. Capitalizing on experience and relationships in the marketplace, The Pluris Group’s focus is to drive value for real estate assets through a structured approach.   READ MORE




Signature Properties


towers_properties_pageKentucky Towers – Multifamily, Office, Retail

Kentucky Towers is a key milestone project for Underhill Associates as it catapulted the company into the national spotlight in the early 1970s. Originally the Kentucky Hotel, Underhill Associates converted the building on Muhammad Ali Boulevard in downtown Louisville into a 285 unit, 18 story mixed-use complex comprised of apartments, office space, retail, and an athletic club.  READ MORE



Westport Village – Office, Retail

Westport Village is a Class A commercial lifestyle center in the St. Matthews/Lyndon submarket of Louisville, KY. It consists of 172,000 square feet of restaurant, office, and specialty retail space spread over 14 acres. Underhill Associates purchased the site in 2004 when it was a largely vacant, deteriorating site that was declining in value.   READ MORE