University of Kentucky Mixed-Use Parking & Innovation Center

University of Kentucky // Lexington, KY

15,000 Sq. Ft. Retail & Innovation Center
935 Parking Spaces 

$26,000,000
Total Cost

 

Scheduled
Fall 2020

 

Executive Summary

In partnership with the University of Kentucky, Signet is developing a five-story, mixed-use parking structure that includes over 900 new parking spaces and over 15,000 SF of ground floor mixed-use and innovation space. The $26M project is a redevelopment of an old campus bookstore as part of the transformation of UK’s north campus.

Project Details

Signet serves as the developer and is responsible for all design, development, construction management, and financing. The project is financed utilizing tax- exempt financing, which provides the project with long-term, low-cost capital.

The University will manage the parking on behalf of the 501c3 owner as the structure will integrate with UK’s existing Parking Structure #5. The project will break ground in Summer 2019 in anticipation for Fall 2020 delivery.

Download a printable data sheet on University of Kentucky Mixed-Use Parking & Innovation Center