Lexington is poised for a significant zoning debate regarding a proposed 7-story, 800-bedroom high-rise apartment complex located on South Limestone near the University of Kentucky. The Urban County Planning Commission has decided to postpone its decision pending further information after a lengthy, over three-hour hearing held on Thursday.
The commission, which voted unanimously to continue discussions, will reconvene to address the matter on October 24. The proposed development, dubbed Verve Lexington, is initiated by St. Louis-based developer Subtext, who is seeking to change the zoning for multiple properties along South Limestone, Prall, and Montmullin streets from various retail and residential categories to a new corridor node zone. This change is intended to increase housing density along major thoroughfares.
Subtext plans to demolish several existing structures, including retail buildings dating back to 1925, to construct the high-rise, which will comprise 251 apartment units and 799 beds. The complex will include a rooftop deck, pool, and an interior garage with 448 parking spaces. The design will feature the tallest section of the building at 102 feet facing South Limestone, with a gradual height decrease toward Prall and Montmullin streets.
During the meeting, Nick Nicholson, a lawyer for Subtext, argued that the project aims to address the high demand for student housing. He noted that the development would replace just 60 existing apartments in the area and is strategically located along a Lextran bus route. Advocates for the project believe it aligns with the city’s plan to encourage more density along major corridors.
However, opposition voices raised concerns that the development could lead to further deterioration of Pralltown, a historic Black neighborhood. Those opposed to the project have characterized it as a form of gentrification, arguing that it would displace longstanding local businesses and residents. Several community members expressed their worries during the hearing.
In response to concerns, Subtext has agreed to hold meetings with local residents to discuss potential adjustments to the project that might alleviate community apprehensions. The Lexington planning office has recommended approval of the zone changes, asserting that the project meets a pressing need for housing within the city.
A transportation study submitted with the application indicated that the new complex would not add significant traffic to an already congested area. Additionally, a sun study, voluntarily funded by Subtext, revealed potential shading impacts on the Montmullin side of the building; however, this study is not mandated for zoning changes.
With the continued deliberations next month, stakeholders on both sides are poised to weigh in further as Lexington navigates the complexities of urban development and community impact.
