Hildebrand tract may be slated for mixed uses
By Martha Elson
The Courier-Journal
The 38-acre Hildebrand farm off Brownsboro Road at the Watterson Expressway survived virtually unchanged through decades of development around it.
But no longer.
Blue-Fenley-Blue Properties LLC bought the land May 27 for $4.96million from Margaret Hildebrand of St. Matthews, who's in her late 80s, and her brother, Henry, who's in his 90s and living in a Lyndon nursing home.
The contents of the old farmhouse and outbuildings were auctioned last fall when Margaret Hildebrand moved to a condominium after living on the farm since age 6.
The buying partnership consists of David Fenley of Fenley Real Estate and developers Jonathan and Todd Blue of Cobalt Ventures LLC. Steve Fenley, David Fenley's brother, is consulting.
The developers have held several meetings with officials and residents of the adjacent cities of Crossgate and Graymoor-Devondale, and they're talking about building a mixed-use development. It could include single-family and patio homes, condominiums, office and retail buildings, a small hotel and an assisted-living facility.
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