Business
4:17 pm
Fri June 20, 2014

Historic Building Welcomes New Tenants

Credit Terry Prather, The Ledger Independent

The renovation of The Landings at Maysville High School is complete after a year. June 18 marked the official grand re-opening of the building, which was purchased in June 2013 by Wallick Communities based in Columbus, Ohio.

Wallick Communities invested $4.9 million in the renovation of the 1909 structure, which has transformed the interior of the former high school, while maintaining the integrity of the structure's original architectural style.

The ribbon cutting and grand re-opening was well attended by local politicians, Wallick representatives, field representatives for U.S. Senate Majority Leader Mitch McConnell and U.S. Representative Tom Massie, officials with the Kentucky Housing Corporation, Buffalo Trace Area Development District and Regions Bank.

Tenants have begun moving into the building, which features controlled entry access for security, framed photographs documenting the building's past and street scenes of downtown Maysville, resident picnic area, a monitored security system, energy efficient appliances, water-conserving plumbing fixtures, and is ADA accessible.

The building is on the National Register of Historic Places and emphasis was placed on preserving the original doors, with overhead transoms, classroom chalkboards, hardwood floors and windows.

After Maysville High School closed in 1991, the building sat empty for a few years and was then purchased by Esther Johnson, who did the initial renovation of the building into apartments.

Wallick Communities gutted the interior and utilized federal low income housing tax credits and federal and state historic preservation tax credits for the renovation.  The target market is families with incomes between $21,780 to $41,040.

The selection criteria includes credit, criminal and sexual offender status verifications and the income limits for the property are based on the number of occupants in a household and the total household income.

There are seven one-bedroom apartments, 18 two-bedroom apartments and four three-bedroom apartments.  Rent for one-bedroom units range from $425 to $444; two-bedroom units range from $530 to $544; and three-bedroom units from $613 to $633 per month.

Wallick CEO Tom Feusse said the revitalization of Maysville's downtown district was one reason Wallick had interest in the property and he hopes the renovation of the building will be a catalyst to help spur additional renovations to downtown (properties).

For information about The Landings at Maysville High School or to schedule a tour, contact Andrea Dauterman, property manager at 606-563-9160 or via email at adauterman@wallickcommunities.com. The property is located at 215 Limestone Street, Maysville.

The Ledger Independent is online at: http://www.maysville-online.com