Signet Real Estate Group Breaks Ground on $34M Mixed-Use Parking and Innovation Center in Partnership With the University of Kentucky

Earlier this year, we wrote on the RFP issued by the University of Kentucky to build a mixed-use parking facility on campus. The group just broke ground on this new project.

In partnership with the University of Kentucky (UK), Signet Real Estate Group has broken ground on a mixed-use parking facility in Lexington that includes over 900 new parking spaces and over 23,000 square feet of Innovation & Retail Space that will revitalize one of the main corridors into the UK campus.

The P3 (public-private-partnership) project is the first step in accomplishing the University’s vision of transforming this critical entrance to campus into a hub for innovation that will better serve the needs of students, faculty, staff and the community. The University anticipates that the project will anchor its programs in applied technology and creative development within a larger “innovation district,” where UK will partner with the City of Lexington to invest in the adaptive re-use and re-imagination of this historic area.

Read more here.

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