Major U of L donor J.D. Nichols’ company, NTS Realty Holdings, will be the developer on a new parking garage at The Nucleus.
The Nucleus, the university’s entrepreneurial management and consulting arm, was renamed the J.D. Nichols Campus for Innovation and Entrepreneurship over the summer. Nichols is now the chairman of the board at NTS, but formerly helped grow the company to its current size.
The parking garage will have 825 parking spaces and six levels. The structure will have a concrete and masonry façade with metal and glass accents, LED exterior lighting, glass-enclosed stair towers, electric vehicle-charging stations, bicycle storage, security cameras and entrance access control. Cars are expected to enter from Preston Street.
Louisville-based general contractor Sullivan Cozart and Louisville architectural firm Tucker Booker Donhoff were also chosen to work on the project.
Construction is scheduled to begin in the fourth quarter and should take about a year to complete. Total development costs have not yet been determined.