The Lexington Urban County Planning Commission recently approved a zone change that could open the door to a new apartment complex on East Maxwell Street.
The zone change would take a stretch of East Maxwell Street and Stone Avenue from an R-4 (medium-density residential) zone to a B-2 (general business district) zone. If approved by the Lexington-Fayette Urban County Council, it could lead to a proposed six-story apartment building.
According to the Lexington Herald-Leader
, the $50 million complex would feature:
- 250 units
- 700 bedrooms
- 175-car parking garage, as well as an off-site lot
- Interior courtyards
This is the second time in the last few years a developer has attempted to transform this corner of East Maxwell, but neighbors have raised concerns about preserving the neighborhood’s historic homes.
There is no date set for when the Lexington-Fayette Urban County Council will vote on the amendment.