Buy Louisville Galleria
Downtown Louisville, KY · Demolished · readiness 0 points (). A deal kit from the public record: what is on file, what is missing, and a form for every step. It is one of the sixty closed or demolished US malls on the Buy desk.
At a glance
| Status | Demolished |
|---|---|
| Address | Downtown Louisville, KY |
| Site | acres not on file |
| Owner of record | not on file; see step 2 |
| Record | Louisville Galleria on Retrofit Atlas · JSON · API |
1. Site visit
Before you go: the record page has the photos and sources; satellite and Street View show access, the ring road, the anchor boxes and what the neighbors have become. Then ask the owner for a walk-through, or plan a self-guided drive.
What to look at on site
- Access: every curb cut and signal, the ring road, service lanes, who controls the outparcels.
- Structure: anchor boxes (clear height, column grid, roof age), the mall spine, parking decks and their condition.
- Utilities and drainage: detention ponds, transformer yards, sewer capacity signs, stormwater outfalls.
- Neighbors: what the adjacent centres, apartments and offices have become since closure; who is building.
- Signs of the owner: security, leasing signs, special-servicer notices, demolition permits posted.
2. Owner
No owner of record on file. The county assessor publishes it for most US parcels; we look it up and write once to the business address, or you can on the county site.
Ask for an introduction to the owner Own or represent this site? Claim it
We write to an owner of record or a strongly matched filer at a published business address, with your name and request, and tell you only if they agree. Not a brokerage; no fee; each note is read by a person before it goes.
3. What could be built (massing)
No massing study on file for this site. What one needs, in order: the parcel polygons (county GIS), the zoning district and its FAR, height, coverage and density rules (the municipal code), then a by-right and an upzone scenario. We have the engine (built for DeKalb County, Georgia) and extend it one county at a time on request.
4. Business plan skeleton
A one-page skeleton with the sourced numbers filled and the assumptions left blank. Copy it into your own document.
BUSINESS PLAN SKELETON: Louisville Galleria, Downtown Louisville, KY Drafted 2026-10-21 from the Retrofit Atlas record m-baac4d42b4 (https://retrofitatlas.org/malls/ky/downtown-louisville-louisville-galleria/). Every number below carries its source on that page; lines marked [assumption] are yours to fill. 1. The site Demolished, opened 2004. Acres: [not on file]. Owner of record: [not on file]. Assessed value: [not on file]; annual tax: [not on file]. Last recorded sale: [none on file]. 2. Market (location sheet) [no tract sheet on file] 3. Program [assumption] Use mix: [e.g. 400 homes, 40,000 sq ft retail, 1 anchor box reused for a clinic] Phasing: [e.g. demolish the spine, keep two anchors, build the street grid first] Multifamily screen, points for and against: retrofit already built; closed or demolished site (sourced) 4. Entitlement Zoning on parcel: [not on file]. Public tool on record: [none on file]. Zoning change on record: entertainment. Opportunity Zone: [n/a]. 5. Risk Flood zone: [n/a]; composite hazard risk, tract: [n/a]. Debt on record: [none on file]. Environmental, structural, title: [Phase I, survey and title commitment to be ordered in due diligence] 6. Precedent (built retrofits in this database) Lexington Mall, Lexington, KY: church (2013) https://retrofitatlas.org/malls/ky/lexington-lexington-mall-southland-christian-church/ Lincoln Mall, Owensboro, KY: Reinhabited (1994) https://retrofitatlas.org/malls/ky/owensboro-lincoln-mall/ Acadiana Mall (former Selber Bros. site), Lafayette, LA: retail (1991) https://retrofitatlas.org/malls/la/lafayette-acadiana-mall-former-selber-bros-site/ Albee Square Mall, Brooklyn, NY: Redeveloped (2012) https://retrofitatlas.org/malls/ny/brooklyn-albee-square-mall/ Anchor space (formerly Burlington) at Chapel Hills Mall, Colorado Springs, CO: housing https://retrofitatlas.org/malls/co/colorado-springs-anchor-space-formerly-burlington-at-chapel-hills-mall/ 7. Capital [assumption] Land: [offer price]; hard and soft costs: [per unit or per sq ft]; sources: [senior debt, equity, public incentives]; exit or hold: [ ] Reported mall sales in this database (public reporting, not appraisals): CoolSprings Galleria, TN 2026 $11.0M ($2.1M/ac); Rivergate Mall, TN 2024 $33.0M ($1.1M/ac); Rivergate Mall, TN 2020 $4.0M ($133,333/ac); Village Fair Mall, MS 2019 $1.2M ($32,051/ac); Century Plaza, AL 2017 $3.0M. What this database does not have: appraisal-grade comps, rent roll, foot traffic, construction costs. Order them. 8. Team [assumption] Developer, architect, civil, counsel, lender: see section 6 of this kit for names with precedent.
5. Financing
What the record says about who has financed or held this site, and who finances retrofits elsewhere in the database. Introductions go through the desk; we name no lender to you that is not already on the public record.
| Lenders most often named across the database | COMM 2012-LTRT trust (3), JPMDB 2016-C4 trust (2), U.S. Bank (2), BB-UBS Trust 2012-TFT (2), Banco de San Juan and First Federal Savings (1), Assured Lender Services, Inc. (1) |
|---|
6. Architects and developers with precedent
- Kenton County1built
- Liberty Property Trust3built
- Hull Property Group2built
- BMW2built
- The Alexander Company2built
- Tom Cousins2built
- None on file for this site; the desk looks on request.
- CetraRuddy1built
- Dynamik Design1built
- Redline Design Group1built
Precedent, not a recommendation: these firms are named on built retrofits in this database. The correction form takes additions, with a source.
7. Offer letter
What malls have sold for, from the deal rows in this database since 2015 (public reporting, not appraisals; same state first, then the same Census division). Prices are as reported; an asterisk marks dollars per acre computed from the price and the acreage on file.
| When | Mall | Price | Acres | $/acre | Buyer | Source |
|---|---|---|---|---|---|---|
| 2026-06 | CoolSprings Galleria Franklin, TN | $11.0M | 5.35 | $2.1M | Greystar | Greystar Buys CoolSprings Mall Parcel, Planning 361 Rental Units |
| 2024 | Rivergate Mall Goodlettsville, TN | $33.0M | 30 | $1.1M* | Merus | Wikipedia |
| 2020 | Rivergate Mall Goodlettsville, TN | $4.0M | 30 | $133,333* | Urban Story Ventures | Wikipedia |
| 2019 | Village Fair Mall Meridian, MS | $1.2M | 39 | $32,051* | Lauderdale County | Wikipedia |
| 2017 | Century Plaza Birmingham, AL | $3.0M | Lumpkin Development | Wikipedia | ||
| 2026-10 | Southridge Mall Greendale, WI | $7.0M | 14.8 | $472,973* | Southridge Mall Member LLC (Spinoso / Wynkoop Financial JV) | After Southridge Mall sale, demolition soon for Boston Store |
| 2026-09 | Valley West Mall West Des Moines, IA | $11.0M | 58 | $189,655 | Threshold Capital | Valley West Mall is finally sold |
| 2026-07 | Northlake Mall Tucker, GA | $95.0M | 80 | $1.2M* | Centurion Foundation | Centurion Foundation Completes $95 Million Purchase of Northlake Mall Property |
Every reported sale with a price: deals and debt. These are whole-property sales of malls in varied condition; they are context for an offer, not a valuation.
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The desk button opens an email from your own mail app to desk@retrofitatlas.org. It contains only the record id and the property facts shown (acreage, floor area, parcel numbers), so the desk will know which property you asked about and will see your email address; it does not include your price, terms or the seller's name. The desk checks the record against public county data and replies; it does not verify title, survey or law, and keeps the message only to answer it. The desk does not use your message to pursue the property and shares it with no one. Retrofit Atlas does not act as a broker: it does not negotiate for or represent either side, does not forward offers, and takes no fee on any sale.