FOR IMMEDIATE RELEASE
AWARD WINNING DEVELOPER CONTINUES URBAN INFILL IN GARDENSIDE NEIGHBORHOOD WITH OPENING OF 2ND PHASE OF PARKSIDE PROJECT
LEXINGTON, KY – AU Associates, Inc. is pleased to announce the Grand Opening of Parkside 2, the 2nd phase of the Parkside Development in Lexington. AU has transformed the once blighted lot into 108 units of built, under construction, and planned affordable housing for families, and office space for the social service agencies Sunflower Kids and Bluegrass Domestic Violence. This Grand Opening will be an opportunity to celebrate with the City of Lexington, neighbors, and funding partners on a successful collaboration, as well as look to the future and garner local support for the planned Parkside 3, the third and final phase of the Parkside Development Project.
Mayor of Lexington Jim Gray and President and CEO of CAHEC Dana Boole are confirmed attendees and the featured speakers of the event, which will also highlight our funding partners: Citizen’s Union Bank of Shelbyville, Kentucky Housing Corporation, and the City of Lexington.
Utilizing tax credits provided by the Kentucky Housing Corporation and the City of Lexington HOME Funds, Parkside 2 is beautiful example of Urban Infill and Affordable Housing, two pillars of AU Associates’ work. The Parkside Project occupies a formerly abandoned lot in the Gardenside Neighborhood of Lexington, relieving the surrounding area of what many called an eyesore, and provides affordable housing to individuals that are within the 50%-60% area median income range.
“My goal has always been to build a home that I would want to live in myself.” says AU’s President and Owner Holly Wiedemann. “Each and every one of our projects is unique to the community that they’re in and Parkside is no different. To me, Parkside reflects the dualities of Lexington itself. Parkside 1 is distinctly urban, inspired by more modern architecture while Parkside 2 involves more natural elements that parallel the landscapes of the Bluegrass Region.”
With the opening of Parkside 2, 36 units of affordable living have been added to the project, doubling the previous amount to a total of 72 units. As of now, Parkside 3 in still in the development phase and hopes to gain the support of the City of Lexington and capture valuable tax credits in order to begin construction.
Previous media coverage of the Parkside Project can be found by following these links:
Recent media coverage of AU Associates, Inc. can be found by following these links:
This event will take place at 10:30 a.m. EST on October 14, 2015 at 1060 Cross Keys Road, Lexington, Kentucky, 40507. Press and Public Welcome! For more information or an interview request please contact Johan Graham at 859-233-2009.