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9811 Vieux Carre DrLouisville, KY 40223
District at Hurstbourne
Asset ClassMultifamily
# Units326

Overview

Updated Finishes with Remaining Value-Add Potential District at Hurstbourne underwent a $4.7 million renovation in 2017/2018. Highlights of the renovation include new plank flooring, granite countertops, paint, vanity lights & mirrors, kitchen backsplash, amenity upgrades, exterior painting, new exterior doors, office remodel, pool repairs, patio screens, and asphalt/concrete repairs. New roofing was completed in 2022.

Expansive Amenity Package District at Hurstbourne offers an expansive amenity package, including a swimming pool with sundeck, volleyball and tennis ball court, pavilion with grilling area, and 24-hour fitness center.

Diverse Unit Mix District at Hurstbourne features a desirable unit mix, with over 63% of the units consisting of two- and three-bedroom layouts, including townhome configurations. On average, two-bedroom units span 1,095 SF and three-bedroom units average 1,397 SF, providing residents with generous living space.

Below Market Rents District at Hurstbourne’s current market rents sit approximately $200–$300 below the top of the competitive set. Given the property’s spacious floorplans, desirable townhome options, and strong historical occupancy, there is clear upside to drive rents meaningfully closer to market leaders.

Prime Location at the Crossroads of Shelbyville Road and South Hurstbourne Parkway Within a 3-mile radius of District at Hurstbourne, the average household income is $100,867 and median home sale price is $274,696, both well above the Louisville metro averages of $64,731 and $236,400. The submarket is also served by highly rated public and private schools, further enhancing its appeal to families and professionals seeking quality housing in a stable, upscale community.

Ford’s Multibillion-Dollar Investment Fuels Regional Growth Ford recently announced a $2 billion investment into its Louisville Assembly Plant, further solidifying Louisville’s position as a cornerstone of its US manufacturing operations. Ford is the region’s largest manufacturing employer, with 11,866 employees, and has now invested over $7 billion in Louisville to date. The company is also investing $60 million into its nearby Kentucky Truck Plant in 2025, located just minutes from Hurstbourne Estates, to add more than 100 jobs and increase F Series truck production by more than 5,000 units annually. Additionally, Ford recently purchased 65 acres of land near Hurstbourne Estates, growing its local footprint.

Major Norton Children’s Campus Planned for East End Norton Children’s has announced plans for a 150-acre pediatric care campus in Jeffersontown, just down the road from District at Hurstbourne, that will include a full hospital, research facilities, and specialty care services. The project is expected to create 1,000 jobs with an average salary of $60,000, making it the largest jobs announcement in Kentucky this year. The long-term investment is projected to exceed $1 billion, positioning the site to become one of the largest pediatric healthcare campuses in the United States.

Nearly $900 Million In Economic and Infrastructure Investment Driving Long Term Rental Demand Louisville is benefiting from nearly $900 million in major capital investment through two transformative projects: GE Appliances has invested $490 million since 2021 to expand its nearby Appliance Park campus, adding 1,000 skilled jobs and reinforcing its role as a leading regional employer, while the $400 million renovation of Louisville Muhammad Ali International Airport (SDF) is modernizing terminals, expanding gates, and enhancing logistics infrastructure. Both projects are located within 20 minutes of Hurstbourne Estates and are fueling economic growth, job creation, and sustained housing demand in well located East End communities.

Proximity to Major Retail

District at Hurstbourne is located less than 15 minutes from Louisville’s premier retail corridor, anchored by Mall St. Matthews, Oxmoor Center, and Springhurst Towne Center, offering residents exceptional access to national and experiential retail. Oxmoor recently completed a 30,000 SF renovation featuring Topgolf, PuttShack, and Sandbox VR, along with popular concepts such as Condado Tacos, Shady Ray’s, and The Capital Grille. At these centers, residents also enjoy a full lineup of destination retailers including Whole Foods, Trader Joe’s, Dillard’s, Macy’s, JCPenney, Dick’s Sporting Goods, and Dave & Buster’s, reinforcing long-term housing demand and enhancing day-to-day livability.

Louisville Poised for Continued Economic Expansion & Infrastructure Investment

The Louisville region attracted over $1 billion in capital investment and 2,300+ new jobs in 2023, followed by significant infrastructure upgrades in 2024 across highways, rail systems, and airport facilities. Entering 2025, the region continues its momentum with a pipeline of 60 active projects representing 4,657 new jobs and $3.3 billion in investment. Recognized by Site Selection Magazine as the #1 metro for economic development in the Ohio River Corridor, Louisville remains well positioned for continued job growth, population inflow, and strong rental demand.

Strategic East End Location Near Major Employers & Lifestyle Amenities

District at Hurstbourne enjoys a prime East Louisville location with direct access to multiple demand drivers including UPS Worldport, Louisville’s largest employer with 26,000 jobs, just 25 minutes away, and Bluegrass Commerce Park, one of Kentucky’s largest business hubs with 850+ companies and 30,000+ employees in healthcare, logistics, tech, and finance. Residents also benefit from proximity to E.P. “Tom” Sawyer State Park, located just 10 minutes from the property, offering 550+ acres of trails, sports facilities, a community pool, and open green space. Together, these regional anchors drive steady housing demand, enhance lifestyle appeal, and reinforce long term occupancy strength.

$1.4 Billion One Park

City Officials just approved plans for a $1.4 billion development called One Park in the heart of Louisville. One Park is expected to have a $17.4 billion economic impact, and will include 239K SF of office space, 60K SF of retail and restaurants, 200 hotel rooms, and a grocery store. The project estimates to create 2,392 construction jobs and 5,448 ancillary jobs.

Nulu Revitalization

Located within 20 minutes of District at Hurstbourne, NuLu has emerged as one of Louisville’s most vibrant urban districts, known for its art galleries, specialty retail, boutique hotels, and nationally recognized dining scene. Recent investment includes the $12 million Ferncliff Distillery and the expansion of Rabbit Hole Distillery, alongside planned redevelopment of the historic Epping District which will transform the former bottling works, Broadway Theatre, and surrounding buildings into 70,000 square feet of new retail and mixed-use space.

Major Louisville Employers

Louisville is home to numerous employers with 1,000+ employees, creating a broad and resilient employment base that drives consistent housing demand. Leading job drivers include UPS (26,000 jobs), Norton Healthcare (22,298), UofL Health (14,975), Ford (11,866), Humana (13,000), GE Appliances (8,000), and University of Louisville (7,217), underscoring the metro’s economic depth and long-term renter stability.

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9811 Vieux Carre DrLouisville, KY 40223

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