Our Administrative team works hand-in-hand with our elected officials to enhance and improve our relationship with our residential and business community. This document provides just a snapshot of the City of Florence’s Economic Development efforts and successes. They are meant to help keep you informed on news and developments that relate specifically to you. These electronic updates will be sent quarterly. Be sure to watch for information on recently completed projects, business updates, new developments, and much more! If you have any questions or need any help with city issues, please do not hesitate to contact my office. My door is always open!
Yours Truly,
Diane E. Whalen Mayor
Mel Carroll Council Member
Duane Froelicher Council Member
J. Kelly Huff Council Member
Dr. Julie MetzgerAubuchon, O.D. Vice Mayor
David A. Osborne Council Member
Gary Winn Council Member
Diane E. Whalen Mayor
FLORENCE, KENTUCKY City Contact Information
DEMOGRAPHIC PROFILE
Focus Properties
Joshua Hunt
Deb McCarty
Director, Business & Community Development
Community Projects Administrator
The City of Florence continues to have very low vacancy rates throughout our retail district.
8100 Ewing Boulevard Florence, Kentucky 41042
8100 Ewing Boulevard Florence, Kentucky 41042
For more information about active retail vacancies, please call the city contacts listed to the left.
859.991.0718 mobile
859.647.5411 fax
City Information
Demographics
The City of Florence has established itself as a premier location for businesses and a comfortable and safe community for its residents. More than 2,500 businesses - from start-ups, to successful advanced manufacturing, to healthcare, to corporate headquarters, to retail have all chosen to establish a presence in Florence.
commerce and one of the largest employment markets in the Cincinnati/Northern Kentucky region.
Peer Analysis
There’s a lot of potential here. Average Age
Median Household Income
38.2
Growth Rate
$51,766
8.93% 32,199
Population
Peer Trade Areas Elizabethtown, KY Bowling Green, KY New Bern, NC Charlotte, NC Hampton, VA Gastonia, NC
3 Mile Radius
5 Mile Radius
2016 Estimated Population Daytime Population Median HH Income Number of Households
6,891 18,575 $50,130 2,851
61,939 81,858 $55,634 24,634
131,578 162,841 $59,735 49,631
3 Minute DT
5 Minute DT
10 Minute DT
651 7,064 $53,795 257
10,751 32,399 $51,766 4,262
97,472 148,354 $56,555 38,552
2016 Estimated Population Daytime Population Median HH Income Number of Households
The Peer Analysis, built by Retail Strategies along with our analytics partner (Tetrad), Peer Analysis is derived from a 5 or 10 minute drive time from major comparable retail corridors throughout the country. The variables used are population, income, daytime population, market supply and gross leasable area. The following are retail areas that most resemble this core city:
DEMOGRAPHIC PROFILE 1 Mile Radius
Children at Home
709
Retired/Disable persons
1,725
Homemakers
1,324
Student Populations
4,554
Work at Home
196
Employed
23,642
Unemployed
249
*Source: STI PopStats
1631 Ring Road 160 American Ave 3410 Dr Martin Luther King Jr Blvd 8830 Albemarle Road 5001 Holt Avenue 425 Cox Road
Focus Categories The top categories for focused growth in the municipality are pulled from a combination of leakage reports, peer analysis, retail trends and real estate intuition. Although these are the top categories, The city’s efforts are inclusive beyond
Apparel
Restaurants
Entertainment
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Sporting Goods
Florence, KY
Menards 5000 Apex Lane 17 acre development site Construction started July 2018, Anticipated opening Spring 2019
CVG Site 6B 5101 Renegade Way 21 acre development site 177,000 sq.ft. building will be completed in Fall 2018 Two to three tenants will occupy this building
CVG Site 6C Doering Drive Vantrust has started constructing a new 70,000 sq. ft. building on Doering Drive Tenant has been confirmed and will be named in late Fall 2018
Wayfair 5101 Renegade Way Wayfair will be occupying a portion of the CVG site 6B building located off of Ted Bushelman Blvd and Renegade Way Planned opening is Fall 2018
Holiday Inn Express
Fairfield Inn & Suites
Vandercar Way 2.1 acre development site 56,000 sq. ft. , 45’ 4” tall 93 rooms Construction is underway
Merchant Street 3.7 acre development site 50,635 Sq., Ft, 4 –story hotel 91 rooms Construction is underway
Tru Hotel
Staybridge Suites
Vandercar Way 3.57 acre development site 4-story, 45,000 sq ft. hotel Construction is underway
3255 Ted Bushelman Boulevard 2.8 acre development site 72,965 sq. ft., 5-story tall 89 rooms Construction is underway
Verizon Wireless Retail Store
A.C. Moore
8741 US 42 .54 acre development site Stand alone building currently under construction Planned opening Fall 2018
7665 Mall Road New to the market chain Will be apart of the T..J. Maxx/Home Goods store remodel Planned opening Summer 2019
Zoup 7753 Mall Road New to the market restaurant Offers fresh soup, salad and sandwiches Planned opening Fall 2018
Becoming Mom Spa & Ultrasound 7715 Mall Road New spa that specializes in providing therapeutic spa services and ultrasounds for expectant mothers Planned opening Fall 2018
Dominion Senior Living
Noah’s Arc Animal Clinic
Seligman Drive 4.1 acre development site
7025 Burlington Pike New to the market chain Complete remodel of existing 5,775 sq. ft. building Project scheduled to be completed Fall 2018
60 unit (84 beds) assisted living facility Project scheduled to be completed Winter 2018
Evergreen Apartments Evergreen Drive 3.3 acre development site Project will consist of 10 apartment building units Footers and utilities currently being installed Project scheduled to be completed Spring 2019
French Quarter Phase 4 Orleans North Subdivision 6 acre development site Approximately 50 residential homes to be constructed over the next two years
Villages of Florence Community Hopeful Church Road 33 acre development site; 177 ranch style age restricted homes planned Road and utility work is currently taking place with a tentative completion date of Spring 2019
Villages of Weaver Community Weaver Road 9.2 acre development site 56 ranch style age restricted homes planned Planned opening Spring 2019 Utilities being installed, building to start soon
Keller Williams Realty Office
Salon Luxe
7210 Turfway Road Former Florence Medical Center getting a complete renovation Keller Williams Realty will use this building as their new commercial headquarters Planned opening Fall 2018
7116 Turfway Road New to the market full service salon Construction is underway Planned Opening Fall 2018
D.B. Schenker
Five Below
2505 Ted Bushelman Boulevard D.B. Schenker, one of the worlds largest logistics companies, opened their 550,000 sq. ft. building in Summer 2018
7665 Mall Road New to the market chain Discount store that sells products that cost up to $5 Opened Summer 2018
Florence Veterinary Hospital
Soul Unique Consignment & Boutique
7801 US 42 Former 4,000 sq. ft. optometrist office was converted to a state of the art veterinary hospital Opened Fall 2018
8537 US 42 New to the market consignment and boutique store Opened Fall 2018
Hilton Remodel
UBREAKIFIX
7373 Turfway Road Hilton Hotel recently completed a 12 million dollar remodel, completely refreshing their rooms, lobby, meeting spaces and restaurant
1035 Vandercar Drive New to the market chain that repairs smart phones, computers and gaming consoles Opened Summer 2018
Dicarlos
Victory Lane Oil Change
7120 Dixie Highway New to the market restaurant that opened its first Kentucky location Serves pizza, calzones and desserts Opened Summer 2018
8511 US Hilton 42 New to the market chain that offers full services oil changes, drive train service and battery replacements Opened Summer 2018
Glow Golf
Stride Rite
Florence Mall Glowgolf features a giant 36-hole miniature golf course, a Laser Maze Challenge attraction and an area for birthday parties Opened Winter 2018.
Florence Mall New to the market chain that sells children's footwear Opened Winter 2018
Breakers Grill 8147 Mall Road New to the market restaurant and bar for billiards enthusiasts and food lovers alike. Featuring 15 Diamond pool tables, a full service bar and excellent menu Opened Winter 2018
NKY Health Department 8001 Veterans Memorial Drive 4.0 acre development site 40,000 sq. ft., housing 92 employees Opened Winter 2018
Miami Style Tacos
Mathnasium
8439 US 42 New to the market restaurant Specializes in custom tacos, quesadillas, chips and desserts Opened Fall 2018
8156 Mall Road New to the market franchise that that provides instruction in mathematics to students in prekindergarten through high school Opened Summer 2018
Union Pediatrics
Packed House Fitness
8667 US 42 New pediatrician office that specialize in medical care for kids Opened Spring 2018
8177 Mall Road New to the market business offering kick boxing, boot camp, Pilates, yoga, circuit and Zumba classes Opened Summer 2018
Turfway Race Track
Legacy Living Senior Housing
Turfway Blvd. 25 million dollar capital investment Project will consist of structural repairs, facade upgrades, parking lot improvements A complete remodel of the second floor
Gunpowder 14 acre development site 94,000 sq. ft. , 93 rooms 7 (4) unit independent living townhomes Construction will start Spring 2019
Weaver Road Subdivision 900 Block of Weaver Road 2.92 acre development site Plans are currently going through the major site plan review process Developer is proposing to build 11 single family homes
TownePlace Suites Turfway Road 2.85 development site 65,716 sq. ft., 4 –story tall 101 unit hotel room Construction will start Summer 2018