2 businesses for sale

Access Louisville

A couple of interesting businesses hit the market recently, which we talk about on this week's Access Louisville podcast.

The first is Colonial Gardens, a South Louisville landmark that's home to four restaurants: Hokkaido Ramen & Sushi, Costa Del Sol, Craft House Pizza and The B.A. Colonial. It was redeveloped by Louisville-based Underhill Associates starting in 2017. LBF Senior Reporter Joel Stinnett spoke with Underhill Associates president Jeff Underhill about why now is the right time to sell.

“We’re developers. We’re not buy and hold guys," he told Stinnett. The fact that the development is full with the four restaurants having strong leases is probably a strong selling point as well.

After that, Reporter Michael L. Jones tells us about Third Street Dive being put on the market. He spoke with Lynne Frost, who's owned the establishment since 2010 about how the bar still does good business and has actually become a bit touristy in more recent years (it's close to several hotels) even while maintaining its punk rock identity.

Later in the show we chat about the closure of Pivot Brewing, a visit by the U.S. Women's National Soccer Team, a new "secret" garden speakeasy in Shelby Park and the latest on the redevelopment of Louisville Gardens.

Access Louisville is a weekly podcast from Louisville Business First.
Join us for Access Louisville's next live recording: Sept. 9 at JA BizTown, sponsored by Junior Achievement of Kentuckiana. Tickets and details here.