APARTMENT SITE ZONED FOR 252 UNITS

WITHIN THE NEWTOWN SPRINGS

MIXED-USE DEVELOPMENT
LEXINGTON, KY
October 2018

Where People Matter

GREYSTONE IS A REAL ESTATE LENDING, INVESTMENT AND
ADVISORY FIRM HEAD-QUARTERED IN NEW YORK WITH A
PRESENCE IN 35 STATES, OFFICES IN 24 STATES, AND OVER
7,000 EMPLOYEES
 PROVIDENCE
BUSINESS CENTER PROPERTY LOCATION

UK COLDSTREAM
RESEARCH CAMPUS

•  735 TOTAL ACRES INCLUDING 225

ACRE CITY PARK
•  1,400 HOTEL ROOMS, 9 CITATION BLVD
RESTAURANTS . EXTENSION
•  2,250+ EMPLOYEES
•  1.3M SF UNDER ROOF
•  HEADQUARTERS: TEMPUR SEALY,
OPEN TEXT, A&W RESTAURANTS,
KOMATSU & MORE

PROPERTY
LOCATION
 PROPERTY
PROPOSED RETAIL
LOCATION
DEVELOPMENT

BLUEGRASS
COUNSELING

EASTERN STATE
HOSPITAL
 APPROVED BUILDING
ELEVATION

14 ACRES OFF CITATION BLVD.

DEVELOPMENT OPPORTUNITY
CITATION BLVD. - LEXINGTON, KY
PROPOSED USE: 252 APARTMENTS
 PROPERTY SUMMARY
Newtown Springs is an 85-acre commercial and residential development in north Lexington. 34 acres of the development are being
developed with retail, restaurants and office uses. The Newtown Springs residential development currently consists of 50 townhomes
and 150 single family homes under construction. All grading, public streets, sidewalks and utilities have been constructed throughout
the development. Newtown Springs is located at the signalized intersection of Newtown Pike and Citation Boulevard in north Lexington.
Interstate 75 / 64 is 1 mile north of the site and New Circle Road is 1/4 mile south of the site.
 
The immediate area is experiencing strong housing and high-tech
office growth due to numerous new housing developments and the
expansion at UK's Coldstream Research Campus. Nearby are
Lexmark International Headquarters, HP, IBM, the Marriott Griffin Gate
Resort and Golf Course, Embassy Suites, Courtyard Marriott,
Residence Inn Marriott, Holiday Inn North, Griffin Gate neighborhood,
and much more.
 
The Newtown Springs apartment site is zoned with final development
plan approval.  All utilities and paved-street access are at the site.

Broker Contact: Jeff Stidham - 859.221.1771

Managing Director - Greystone

Address Citation Blvd. at Silver Springs Dr.

Lexington, KY

Acreage Approximately 14 Acres (Zoned)

Approved Use 252 Garden Style Apartments

NEWTOWN SPRINGS PROPOSED SITE PLAN

SITE
 APPROVED
DEVELOPMENT
PLAN
 LEXINGTON OVERVIEW

Quality of life is notoriously hard to put a number on, but Lexington is consistently recognized as being one of the best cities to live in.
Lexington ranked #7 most affordable big city in America by Kiplinger in 2014 and last year Lexington was ranked #16 best large city to live in
by Wallet Hub. This year Wallet Hub ranked it #4 best-ran city in America.

Millennials now represent the largest generation in the Bluegrass

Region, comprising over one-third (36%) of the total population in
2013. What's more, the largest age cohort is now 20 to 24 years
old, meaning that the millennial generation will continue to be a
Sizeable part of our regional population for many years

For the younger generation, Lexington was ranked #6 most inspiring

city for young artists by World Wide
Learn and #17 best college town by the
American Institute for Economic Research.
Current and aspiring business professionals
will appreciate that Forbes ranked
Lexington #16 best place for business and
careers in 2015 and the University of
Nebraska-Lincoln ranked Kentucky the #4
best state for entrepreneurial activity. And those
enjoying retirement will be happy to
know that Time Magazine ranked Lexington among the top five best places to retire in 2014.