The programmatic joint venture partnership between BCDC and Fuqua Development has broken ground on its 15th project, a nearly 70,000-square-foot Publix-anchored retail center in Lexington, Ky.
BCDC is an opportunistic real estate development investment company, and Fuqua Development is a real estate development firm specializing in urban retail mixed-use supercenters. Both companies are based in Atlanta, Ga.
“We are pleased to start another development with Jeff Fuqua, Heather Correa and the talented team at Fuqua Development,” said Litt Glover, President and CEO of BCDC. “This has been a very successful partnership, and we look forward to delivering an exceptional project for the people of Lexington.”
Located on Citation Boulevard on a 25-acre site, the center is in a fast-growing area near the University of Kentucky’s Coldstream Research Campus, an economic development center at the gateway to Lexington’s high-tech and higher education corridor. The business park is also home to a 225-acre city park connected to the 12-mile Legacy Trail.
First Carolina Bank is the lender and Philips Partnership is the architect. The JV partners anticipate completion in the third quarter of 2024.