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Westport_Village_LogoWestport Village

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. The company saw an opportunity to bring life to the center and build a premium local shopping and dining destination in the heart of one of the city’s most affluent and densely populated areas. The site underwent a $26 million renovation, which included the demolition of all existing buildings down to the studs, the addition of two new, two story buildings, and the creation of European style turnabouts and cobblestone esplanades, ultimately resulting in a completely walkable, equestrian themed center unlike any other in the city. The center was a major impetus on the decision by the city to finally complete a new interchange off of I-264, Louisville’s main inner city highway. This exit, which is less than one mile from the site, allows for convenient access to the center and a chance for a larger volume of customers to access the mix of unique, independent shops less than 1.5 miles from Louisville’s two major shopping malls. Underhill Associates redeveloped, leased, and managed Westport Village until successfully selling it to one of the largest REITS in the United States in 2013. At the time of sale, the center was 100% leased.

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