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Marian Development Group Wins 2 Cornerstone Awards

Two affordable housing projects developed by Marian Development Group were among nineteen honored on Thursday, February 16, 2012 as part of the 2011 Cornerstone Awards presented by the Louisville Downtown Management District.

The annual awards recognize community projects completed in the center city in the previous year that cost at least $1 million to build, and which promote beautification, security and economic development in the central business district.

Marian Development Group was recognized for the $6.26 million Downtown Scholar House, 110 West Breckinridge Street and 900 and 920 South First Street, which includes 54 apartments, offices, a library and a playground, and for the $3.63 million Spalding Dormitory Suites, 901 South Second Street.

Spalding breaks ground for new student housing

Spalding University, which Mayor Greg Fischer said is "growing by leaps and bounds," broke ground Friday on a project to provide sorely needed student housing. Marian Development Group will build The Spalding Suites just southeast of Second and Breckinridge streets. The project will cost nearly $5 million and have 144 beds to be rented to Spalding students...

...Marian Development is owned by Jake Brown, and his wife, Cynthia. The site where Spalding Suites is being built encompasses about a half-acre. The property, including the residence hall, is owned by a group called Second and Breck LLC, in which the Brownsare the sole partners.

Marian is also developing the Downtown Scholar House, which is also under construction near Second and Breckinridge streets.

Spalding officials said they believe the new residence hall will be full this fall. Initially, the administration had believed that Morrison Hall would be a candidate for demolition when the new suites were available. But with enrollment continuing to rise, Morrison Hall will remain indefinitely and is targeted for upgrades, officials said. Click to read the full article.

2010 Charles L. Edson Tax Credit Excellence Award Winner: Louisville Scholar House

In Louisville, Kentucky, neighbors are passionate about their communities. They often require developers to prove how their proposed development will either breathe life back into a once-booming location or will complement already reformed neighborhoods, upholding hard-won mended reputations. Developer Family Scholar House, Inc., embraced this challenge resulting in a completely leased building prior to the Grand Opening and a waiting list of more than 600 families. Click to read the full article.

Friday, March 5, 2010 Property acquired for downtown Louisville apartments for single parents

Family Scholar House Inc. has moved one step closer to its plan to build 54 downtown apartments to accommodate low-income single parents pursuing their college education. Last month, the Louisville-based nonprofit organization acquired the former Jim Cooke Buick dealership site at First and Breckinridge streets for the project, according to Cathe Dykstra, Family Scholar House president and CEO.

The group also is close to a deal to either buy or lease an adjoining building, the former Villager Lodge motel, which once was part of the old San Antonio Inn property, she said. Plans call for renovating the former Villager Lodge and converting it into 21 apartments. Click to read the full article.