Villas of Jeffersonville Celebrates Grand Opening
New development brings much needed housing for growing Southern Indiana
(Jeffersonville, Indiana —) Community leaders, investors and officials from Denton Floyd Real Estate Group and LDG Development gathered to celebrate the grand opening of the Villas of Jeffersonville—a 264-unit newly constructed apartment community that is helping to bring much needed housing to Jeffersonville and builds on the economic success that continues to take place near the I-265 corridor in Southern Indiana.
Conveniently located across from Jeffersonville High School (at the intersection of 10th Street and Allison Lane), Villas of Jeffersonville offers luxury 1, 2 and 3-bedroom apartment homes and a variety of state-of-the-art amenities for its residents. All apartments come equipped with stainless steel appliances, hardwood floors, granite countertops, and outdoor living space. Community amenities are unsurpassed and include a 24-hour fitness center, clubhouse, resort-style pool, conference space, dog park, pet spa, sand volleyball court, outdoor kitchens, fire pits, bike repair station, and a new playground coming soon. Rental rates for the community range between $915 to $1300 per month.
Villas of Jeffersonville welcomed its first resident in July 2019, and as of today is 75 percent leased. Brandon Denton, Co-Founder of Denton Floyd, believes the high level of interest and leasing activity taking place, during a global pandemic, reflects the need for more housing options within the area.
“The tremendous growth that we have seen in Jeffersonville over the past several years is a direct reflection of the city’s ability to create significant job growth and investment in Southern Indiana.” Said Denton. “We believe this area will have significant expansion over the next 10 years given the economic impact of River Ridge and related developments. Jeffersonville should provide significant job growth to the Greater Louisville area.”
The Villas of Jeffersonville was jointly developed by Denton Floyd Real Estate Group and LDG Development. Denton Floyd Real Estate is a fully integrated development, construction, and property management company while LDG Development is the country’s largest developer of affordable housing with more than 13,000 units that span seven states. Both companies are headquartered in Louisville.
Chris Dischinger, Co-Founder and Principal of LDG, says that while the company has and will continue to focus on the affordable housing market, The Villas of Jeffersonville reflects the company’s commitment to providing more housing options in many underserved areas.
“Whether we are talking about market rate or affordable, we know that the demand for new high-quality multi-family housing has and will continue to grow,” said Dischinger. “The Villas of Jeffersonville helps to address this need for hundreds of families and LDG and Denton Floyd are proud to be a part of this successful community.”