12 AC, 192 Approved Multifamily Units

Description:

ECONOMIC DRIVERS

Menelaus Industrial Park (300-Acre Business Park)
• A first-of-its-kind multi-county economic development project, combining efforts from Lexington, Berea, Madison, and Scott counties.
● Designed to attract large-scale industries and businesses, driving long-term economic stability.
● Expected to generate hundreds of jobs, increasing demand for housing and commercial development in the region.

Regional Park Project 700 New Jobs On The Horizon
• A major economic initiative aimed at creating 700+ new jobs in Berea.
● Enhancing local infrastructure, workforce opportunities, and regional business expansion.
● Increased employment will drive housing demand, making this an attractive location for new residential development.

12 Kentucky "Build-Ready" sites for industrial development
● Madison County, including Berea and Richmond, has 12 state-certified "Build-Ready" sites.
● A newly designated 47-acre industrial site in Madison County is attracting manufacturers and logistics firms, boosting employment and the economy.
● More businesses and workers moving to the area will create sustained demand for housing, retail, and services.

LOCATION OVERVIEW
PRIME LOCATION
● JUST ±0.5 MILES FROM I 75 – Offering easy access to one of the major transportation arteries in Kentucky, ensuring easy connectivity for residents, businesses, and commuters.
● CLOSE TO MAJOR EMPLOYERS – A 4-minute drive to top regional employers such as Hitachi, Novelis, and Hyster-Yale, providing a strong employment base and potential tenant demand.15-minute drive to Richmond, KY

CONVENIENT PROXIMITY TO KEY CITIES:
- Richmond, KY (15-minute drive) – Home to Eastern Kentucky University (EKU) and a thriving commercial district, adding to the economic appeal of the region.
- Lexington, KY (30-minute drive) – Access to Kentucky’s second-largest city, a major economic and cultural hub with diverse job opportunities, healthcare, and entertainment.

DEVELOPMENT & PROPERTY SITE
● 192 APPROVED UNITS – The site has received approvals for 192 units, making it a shovel-ready investment opportunity for developers looking to capitalize on the area's housing demand.
● PRELIMINARY APPROVALS IN PLACE – Streamlining the development process, these approvals reduce regulatory hurdles, allowing for a faster project launch and quicker return on investment.

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