Houses in Covington

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501 Main Development

Description

In early 2016, the City of Covington released a Requested for Qualifications to identify a developer for the City-owned property located at 501 Main Street. The result of the selection process was the selection of Flaherty & Collins to develop a proposal for the highest and best use of the property.

Located at the gatweway to Mainstrasse, the 501 Main develpoment project will be comprised of approximately 190 high-end residential units, including 15 studio units, 114 one-bedroom units and 61 two-bedroom units. The residential component will be accompanied by amenities such as a courtyard, a swimming pool, and fitness facilities.

The retail component will be located at the corner of Fifth and Main and include just over 4,000 SF of commercial space with the final uses to be determined as the project is developed further.

The 501 Main Street project will result in an approximately 25% increase in public parking at the site. Additionally, at the south of the site there will be a public dog park as well as a pedestrian plaza.  

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