Big changes are coming to I-64 near Frankfort. A groundbreaking ceremony will take place later today for a $150 million shopping plaza that will feature a new Target along with other stores and restaurants.
The plaza, named The Paddocks of Frankfort, is located off exit 53 of I-64 at U.S. 127 South in Frankfort. Gov. Andy Beshear, Frankfort Mayor Layne Wilkerson, Franklin County Judge Michael Mueller, other local officials, and the developers will be part of the afternoon ceremony.
The Paddocks of Frankfort will include retail, restaurant, and commercial stores. Target has already signed a lease at the plaza, along with another yet-to-be-identified national retailer.
Several lots of varying sizes are available for lease. Additionally, forty acres of the property are for sale for commercial use.
A new signalized intersection, revised exit ramps, and road extensions are being added to facilitate easy access to the plaza. What is motivating developers to build there?
Equity Management Group Inc., the real estate company managing the property development, estimated a population of over 50,000 within seven miles of the plaza.
