RiverPark Place, the sprawling new mixed-use development along the Ohio River, is now moving into the heavy construction phase. The developer, Poe Companies of Louisville, plans to have the first unit available for occupancy in Summer 2008. Phase 1 of RiverPark Place includes two 16-floor condo towers, a large marina, and other low-rise residential and commercial structures.
Preliminary work at the site, which included the placement of utilities and work done for the foundations, was completed in August. The financial workings of the project have also been finalized. National City Bank has agreed to fund the 75 million dollar loan for the project because the developers have more than 50 percent of the condos reserved by buyers.
The project features more than 150 condos with a wide price range of 129,000 to 1.5 million.