CentrePointe Developers Making Progress

Lexington says CentrePointe developers making progress on financing, hiring

by Beth Musgrave, 12.06.15, Kentucky.com

Lexington officials said new investors in the long-delayed CentrePointe development are interviewing construction managers and are actively seeking financing for the downtown project.

The city agreed Friday to give the group that includes a New York real estate investment firm a 30-day extension on a city order to fill in the site, originally issued to the previous developers.

Mason Miller, a lawyer for the city, said the city is satisfied that the group is making progress on putting together a complex development.

“They are almost done with the interview process of hiring construction managers — they are looking at both national and local firms — as well as lead architects,” Miller said. “They have also made a lot of progress talking to both local and national banks.”…Read more at Kentucky.com

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