It is wonderful that someone finally took the Henry Clay building and brought it back. I have friends who live there now and have been to several events held there. Pandora Productions www.pandoraprods.org , a wonderful local theater company, is now located at the Bunbury Theatre http://www.bunburytheatre.org/ , on the third floor of the Henry Clay. It used to be the old gymnasium.
Henry Clay
Located at the southwest corner of Third and Chestnut Streets, this $20 million rehabilitation of the former Henry Clay Hotel and YWCA assures saving one of the city's most noticeable and historic buildings.
The lower floors will house commercial and event space. The Grand Ballroom and the Elks Room will be preserved and renovated to their former glory. Also available to the public will be a two-story rooftop garden carved out of the fourth and fifth floors. Upper floors in the building will provide 70 units of residential space.
The project also includes property that extends east to Fourth Street, which will become a public piazza, and the historic Wright-Taylor Building on Fourth Street, which will contain additional commercial space.
Henry Clay is being developed by City Properties Group.
The first development is Gallery Square. I have not yet seen the finished product, but I have seen other work by the developer; his own home. Very clean and industrial. If you enjoy the Downtown Trolley Hop of the East Market Gallery District and convenience to great restaurants, both downtown and the Highlands, you will also love the location. The following information is from the Louisville Metro Government Downtown Development site.
Gallery Square Lofts 
The $4 million, 21-unit condominium project directly adjacent to Liberty Green is the newest housing project to come online in downtown Louisville.
Located at the northwest corner of Clay and Jefferson streets, Gallery Square 
features four three-story buildings, with 10 first-floor flats and 11 two-story, two-bedroom loft townhouses, each with private rooftop decks overlooking the city skyline. Pre-construction prices start at $180,900.
Slated to be complete in Fall 2007, residents will be able in walking distance from the central business distance and the East Market and Main Street Arts district.
Find out more at: http://www.gallerysquarelofts.com/
In the last few years, downtown Louisville has exploded with residential development. In the next several blog posts I will be giving marketing information about each development as detailed in the Louisville Metro Government Downtown Development website. Also included with be any website links to provide more information.
If you are currently living downtown or have personal or professional connection to a downtown development, post a comment or email me with new details or updates about your community.
OK, it is not realty related, but did anyone go to the Auto Show in Louisville this weekend? What did you think? I spoke to a friend that is a managing broker for his company. He was going as he does every year. He expected that as a free show and sale, as it was billed in the past, he was going to have to deal with sales people almost as if he were in a showroom. This year he said he expects to be able to climb all over everything with out being hounded by a salesperson. For the first time there was an admission price; $14.
What did you experience and was it better than the past?
The national and local headlines continue to give us all kinds of information about the housing market. I thought I would pull some information from the Greater Louisville Association of Realtors Multiple Listing Service (GLAR MLS). These numbers represent homes that were listed through a Realtor for the month of January/2007 compared with this past January. With regard to months of inventory, 6 months or less is generally considered a seller's market. Over 6 months of inventory is considered a buyer's market.
January 2007
Sales: 866 Avg List$: 160,792 Avg Sale$: 155,235 Avg Days on Mkt: 92 Inv: 7306 homes
Months of inv: 8.44
January 2008
Sales: 696 Avg List$: 165,449 Avg Sale$: 159,447 Avg Days on Mkt: 88 Inv: 9098 Homes
Months of Inv: 13.07
If you are a buyer now, there are more homes in your price range. Remember to be represented and have your financial plan in place. Your Realtor can prepare you for shopping by helping you with financing and connecting you with money and programs that are available for buyers depending on your financial situation.
If you are interested in your particular area or want to know if you are ready to start shopping, call or email me.
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Service, Professionalism and Integrity; the foundation of my practice. Leveraging web 2.0 to provide the best for my clients. My experience = your results. Broker Licensed Buyers Representative.
T O N A. A L I,
Broker/R e a l t o r
Broker Associate at Breland Group
BRELAND GROUP REALTORS
MULTI-MILLION DOLLAR PRODUCER
RESIDENTIAL REAL ESTATE AND INVESTING
Don't listen to National Media Hype, Real Estate is local; Call a local broker.
How is your nieghborhood doing?
Just call me; we'll talk.
Positive, Professional Realtor selling one of the best cities for living, working and playing.
I have been a Louisville resident for about 20 years now. I am a former member of the KY Air National Guard's 123rd TAC Hospital; that was my introduction to the city. I had been pursuing an undergraduate degree in Information Systems Management at WKU. One of my best friends moved here after graduating and suggested that I also make the move. I finished my BSBA at U of L. I have been in sales for about 10 years now. I began at Tafel Motors selling Volvo and Mercedes-Benz, then Jaguar, Lexus and BMW. I have also been a private/business jet charter broker and series 7 licensed financial advisor. All positions I enjoyed and I think help make a better realtor.
I became a Realtor in 2005 and have focused on education, and designations to become a truly qualified practitioner. I was accredited as a buyer's representative in 2007 and was broker's licensed in 2008. I really enjoy real estate and the compassionate and professional people that I have met. Of all the products I have sold, this is one that can positively impact peoples lives and I take that responsibility seriously.
I am a Broker/Associate specializing in residential and light commercial listings. Just awarded the ECOBroker Certifed designation, I am assisting clients with eco friendly marketing, design and remodeling with Sustainable Louisville Living and Design Enterprises. As a full time, full service Realtor and will treat your transaction with respect, professionalism and confidentiality. I am currently working on building my knowledge and skill in all areas with a focus on commercial sales and leasing and L.E.E.D.S Certificaion for High Performance Buildings. 
… I'm happy it's over and all the mess with getting the house is over too. Now Matt and I have many happy years in our home to look forward to :) You have truly been the best realtor I could've hoped for. But, really, you were a joy to go through the whole process with and I knew I could trust you from the start. You're a true friend and I owe you about a million references to return the favor. You have the respect of me and my whole family :) N. Klarer, Louisville KY
I was a first time home buyer that had been referred to Ton. As many people know, the home buying process can be intimidating. However, with Ton's help the home buying experience was great. He helped me find the right home and negotiated the right price with many incentives. I would recommend his services to anyone interested in buying or selling their home.
T. Wells, Louisville Ky
Ton helped me get my home ready to sell and priced it right, he also negotiated a great price on my new home and it was a FSBO.
L. Broyles, Louisville
I had bought and sold many homes in the past and had a license before I left Florida. Ton really took the time to listen to what was important to me when we started looking for a home. That was even more important because we were moving from another state. He really worked to find homes that fit. I felt like he was working for me instead of wasting my time.
B. Saunders, Myrtle Bch, SC
After meeting with Ton to discuss buying a home, he helped me realize that I wasn't ready. His network of financial experts are helping me get my finances together so when I do start shopping, I am ready to buy and will get a good price.
T. Thompson, Louisville
Ton was great. I needed to sell my house and buy a new one and I was so surprised on how easy it was. He took care of everything. With me being a single mother I told Ton what I wanted and what I could afford. He found a great house in a great neighborhood that I could afford for me and my daughter. Thanks Ton
H. Richard, Louisville
Ton was a pleasure to work with when I bought my house. The home buying process can be stressful and intimidating but Ton helped make the experience calm and reassuring. He guided me through each step of the process. Although we both knew that I wanted to buy the first house I looked at, Ton humored me and looked at lots more until I was sure of my decision. I confidently refer Ton to all of my friends who are house hunting because I know that they will be treated with the same warmth and caring as I was.
F. Borho, Louisville
Happening upon Mr. Ton Ali and enlisting his help was what made my spontaneous move from Orlando to Louisville happen. The whole process was completed in 2 weeks! From that first call to Ton, he was committed to finding exactly what I was looking for. I ended up buying the last property that I viewed on the one and only day that I scouted for my new home. He completely listened to what it was that I was searching for, and he found it. He was right there from beginning to end, and has been a valuable wealth of information about Louisville. Ton seems to have a genuine understanding and concern for his clients that sets him apart from others. Thanks Ton!!
C. Kail, Louisville
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