Denton Floyd Announces its Newest Residential Development in Charlestown, Ind.
 

The Forest Edge Apartments will be the first luxury apartment community built in the city in the last 20 years
 

Denton Floyd Real Estate Group is excited to announce its newest residential development, the Forest Edge Apartments, a 248-unit luxury multifamily apartment community located at 2148 Depot Street in Charlestown, Ind. The Forest Edge Apartments will offer premier 1, 2, and 3-bedroom units in one of the fastest-growing areas within the Louisville MSA.  A groundbreaking ceremony for the new development will be held at the site on Sept. 27 at 11 a.m., with leadership from Denton Floyd and Charlestown Mayor Hodges in attendance.

The Forest Edge Apartments are centrally located in Charlestown with easy access to Interstate 265, providing a direct route into Southern Indiana and Downtown Louisville. Charlestown, Ind. is located just minutes from Downtown Louisville and has seen tremendous job and economic growth over the last five years. Much of the growth is derived from the River Ridge Commerce Center, which consists of 6,000 developable acres for manufacturing, distribution, office, and industrial use.

“We are excited about the opportunity to provide a vital housing option for the Charlestown community,” said Brandon Denton, Co-Founder and Partner of Denton Floyd. “Charlestown has realized significant economic and job growth over the last five years, and we are excited to build a “best-in-class” apartment community in the downtown area. We want to thank Mayor Hodges, the City Council, and the members of the Redevelopment Commission for making this project possible.”

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Platform Real Estate Group to Develop Industrial Site in River Ridge

River Ridge Tract 29B to be acquired by Platform Real Estate Group
 

Louisville, KY (February 20, 2023) – Platform Real Estate Group is excited to announce its newest industrial development project in the River Ridge Commerce Center. The newly acquired River Ridge Tract 29B is a 19-acre industrial development that will be home to 304,000 square feet of Class A industrial space located in Charlestown, IN.
 

Platform Real Estate Group, a joint venture between Thornton Capital and Denton Floyd Real Estate Group, was launched in 2021 with the mission to develop best-in-class industrial facilities.  The organization is an integrated industrial development company, providing strategy and planning, development and construction services, asset management, and investment management capabilities.
 

“Platform Real Estate Group is committed to delivering long-term assets that serve as critical infrastructure to supply, assemble, and manufacture products and provide services across the United States,” said Tom Jones, Co-Founder of Platform Real Estate Group and President of Thornton Capital. “We are excited about the prospects in our local community and more broadly throughout the country.”
 

River Ridge Tract 29B will be a Class A rear dock development that will feature a building depth of 320 feet, 69 loading docks (67 standard docks and 2 oversized docks), 185 feet in truck court depth, a 36-foot clearing height, 69 tractor trailer spaces, 180 current employee parking spaces, 32 future employee parking spaces, and 2 exterior galvanized steel stairs with an adjacent ramp for pedestrian access. Platform began construction of River Ridge Tract 29B in November 2022. AML Construction has been selected as the General Contractor.
 

"We are incredibly excited about the impact that our partnership through Platform Real Estate Group will have as we continue to build high-quality industrial assets like what we are bringing to the River Ridge area," said Tommy Floyd, Co-Founder, and Partner at Denton Floyd. "We believe that Denton Floyd’s philosophy of Building Better Communities aligns with Thornton Capital, and we are confident that Platform Real Estate Group will continue to develop quality assets locally and across the United States.”

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CHARLESTOWN, Ind. – The City of Charlestown is excited to announce the intentions of the Denton Floyd Real Estate Group to construct a 206-unit multi-family apartment community in the city. Denton Floyd is committed to building better communities and will revitalize Depot Street with the Forest Edge project.

The garden-style apartment community to be called Forest Edge plans to have first-class amenities, including a clubhouse, a resort-style pool, a fitness center, and more. The project is located on Depot Street, which runs parallel to scenic Highway-62.

Historically, the property has been a train depot, a lumberyard and other retail establishments. The revitalization of Charlestown continues with this development to increase the population near the city’s center.

“It’s exciting to see this site transform from abandoned warehouses to beautiful apartments that will offer the quality of amenities that many people are seeking as they choose Charlestown for their new home,” said Mayor Treva Hodges. “Denton Floyd has an outstanding reputation and we’re fortunate they are investing in our community.”

The community of apartments will have three layouts averaging 1,202 square feet:
• 1 Bedroom – 57 units – 817 SF
• 2 Bedrooms – 97 units – 1,256 SF
• 3 Bedrooms – 52 units – 1,522 SF
Beyond the spacious living quarters, the amenities will stand out in Charlestown. Among the features include a resort-style heated outdoor pool, a 24-hour fitness center, a community clubhouse, an outdoor common area with fire pits and gourmet grilling stations. Amenities also include a children’s playground area, a bicycle repair station, storage areas, a pet park, and a pet spa.

“We take our commitment to building better communities seriously and believe our investment in Charlestown will support the city’s continued growth,” said Denton Floyd Co-Founder Brandon Denton. “Forest Edge will provide a much-needed housing option for hundreds of residents and also build on the region’s economic success and flourishing job growth.”

The City of Charlestown’s Madison Street improvements are in the future plans to strengthen the connectivity from Forest Edge to Main Street. While the conceptual designs aren’t complete yet, the enhancements include widening the roadway and adding sidewalks.

One block from the future development is Main Street, which is currently undergoing sidewalk reconstruction from Madison to Main Cross Streets.

The project construction start date is February 2023 with the leasing start date of February 2024. Construction completion is expected to be January 2025.

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