With Lexington Mall redone, what else is left to redevelop?

Developer Phil Holoubek hopes to announce construction plans soon for the Main and Vine property that has been vacant for two years. Photos by Tom Eblen 

 

Southland Christian Church opened its new Richmond Road campus this weekend on the former site of Lexington Mall, a 31-acre parcel that had been a civic embarrassment for years.

The church bought the long-vacant shopping mall in 2010 from Maryland-based Saul Centers, which had let it languish for more than a decade. Dillard’s, the last store in the mall, closed in 2005.

Once the church develops commercial space at the property’s edge along Richmond Road — a former pond that now looks like a strip mine — one of Lexington’s biggest eyesores should be gone.

If we are lucky, and the economy continues improving, other prominent sites that are ripe for redevelopment might finally get some attention.

The next one that comes to mind is Turfland Mall, which opened in 1967 as Lexington’s first suburban shopping mall. After years of decline, the central mall shut down after Dillard’s closed in 2008. As with Lexington Mall, Turfland was owned by an out-of-state company that seemed to have forgotten about it.

Last month, amid a Hopkinsville bank’s attempts to foreclose on the 367,000-square-foot mall, Lexington developer Ron Switzer bought it for $6 million. He said he plans to demolish all but the Staples store. Staples and Home Depot, which owns its end of the mall, have remained open, along with several businesses in the parking lot.

“What we want to do is take an eyesore and come up with an attractive plan for a development,” Switzer said last month, adding that specific plans are not set.

Turfland Mall was purchased last month for redevelopment.

I wish Switzer the best of luck in revitalizing Turfland. The same goes for the owners of two adjacent properties at Harrodsburg and Lane Allen roads — the former Verizon building, which is for lease, and land long occupied by The Springs Inn. The once-popular motel closed in 2008 and was demolished the next year. A CVS drug store was built on 1.56 acres; the remaining 5.1 acres are for sale.

Another prime redevelopment site that could see action soon is the point where Main and Vine streets come together at the eastern edge of downtown. A former bank, antiques store and alteration shop were demolished in April 2010, and developer Phil Holoubek hoped to replace them with an urban-style mixed-use development.

But Holoubek’s efforts were frustrated by the economic slump, tight credit markets and the city’s inability to build a parking deck on the block.

Holoubek and a Louisville developer then tried to build a CVS drug store on the site, but its suburban-style design faced widespread opposition. The deal died when it was discovered that the site plan hadn’t taken into account an underground utility vault that was too costly to move.

Last week, I was giving Holoubek a hard time about how scruffy his vacant lot has looked for the past two years. I noted the CentrePointe block down the street has been sown in grass and well-maintained while it has awaited development.

Holoubek said he expects by the end of this month to announce a tenant for Main and Vine and a development plan that looks like it belongs downtown. Should that deal fall through, he promised to call in landscapers.

Among other prominent Lexington parcels ready for redevelopment:

■ The 11-acre Continental Inn site at New Circle and Winchester roads. The property was bought by a group of investors, including former state Democratic Party chairman Jerry Lundergan, and most of the dilapidated motel was demolished in 2007. Since then, property owners and the Eastland Parkway Neighborhood Association have sparred over semi-trailers being parked there.

The Continental Inn site is advertised for sale. At the right price, it could make a good location for a car dealership or even a mid-priced hotel, said Ken Silvestri, a commercial real estate broker who keeps a close eye on the Lexington market.

■ The former site of Thoroughbred Chevrolet on Richmond Road between New Circle Road and Man o’ War Boulevard also is a good candidate for redevelopment, Silvestri said. It has been vacant since the dealership closed in July 2010 after General Motors did not renew its franchise.