Monday, June 26th, 2006...12:12 pm

Louisville Commercial Real Estate | Part of Mercantile Lofts building collapses

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Part of Mercantile Lofts building collapses

A portion of the Mercantile Gallery Lofts condominium development at the corner of Market and Floyd streets collapsed overnight.

The developer is CobaltBravura City Lofts LLC, a strategic alliance formed by two local companies: venture and real estate development firm Cobalt Ventures LLC and architectural firm Bravura Corp. Officials at the companies could not immediately be reached.

The $10 million, five-story development includes 47 single-story condominiums, ranging in size from 700 square feet to 1,500 square feet.

It is being created from four buildings that once were part of the old Brinly Hardy warehouse property. The project is scheduled to be completed by late summer.

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Filed under Louisville Real Estate, Louisville Commercial Real Estate, Commercial Real Estate

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