A unique housing concept is coming to downtown Lexington that will allow homeowners to rent their space like a hotel. Say hello to The Vine .
The where
Located at 106 W. Vine St. , the building is situated directly across from Jeff Ruby’s Steakhouse, next to Ethereal Public House. Up until its recent $5.1 million sale, the space has been used commercially, home to various law firms and wealth management companies. Jeremy Delk , the owner and developer of the building, said he expects the project to be worth ~$40 million upon completion.
Say hello to Lexington’s next luxury downtown living space. | Renderings courtesy of The Vine
The what
The Vine will feature six floors and 36 units, with floor plans ranging from/including:
- The smallest: One bedroom, one bathroom, 727 sqft.
- The largest: Two bedrooms, two bathrooms, 1,412 sqft.
The first phase of condos will be available for move-in June of 2024 and will consist of 12 units — three on the third and fourth floors + six on fifth floor. These units will range in price from $495,000 to $795,000.
Condos at The Vine will be available for purchase only, but owners will be able to rent out their condo like a hotel suite. “They do this in larger cities, but this is new to Lexington, and definitely is a very cool concept,” said Paula Elder, the representing real estate agent with The Brokerage.
Delk, who lives in Nicholasville, added that this concept is common practice for Ritz-Carlton and Four Seasons Hotels, which operate as condo-hotels.
The amenities
In addition to turnkey management, the building will feature a semi-private club called The Vine Club
. While the elevated experience is included in residents’ HOA fees, the community is invited to join for ~$1,200 per year — giving you preferred reservation access to the rooftop pool + restaurant.