Louisville Properties Blog
Louisville Properties Blog

Historic Guthrie Coke

Historic Guthrie Coke Building Sold

A group led by a noted local restorer of historic Louisville real estate bought the Guthrie Coke Building at Fourth and Chestnut. Local architect and developer Bill Weyland is the leader of a group that recently redeveloped another old Louisville building just a block away—the Henry Clay—the old YWCA building at 3rd and Chestnut. The four-story Guthrie Coke at 570-574 S. Fourth sold for $1.2 million, has 36,523 square-feet of space and is on the National Register of Historic Places.

The Guthrie Coke was built in 1883 and was owned for many years by noted Louisville citizen James Guthrie. The Coke family was related to the Guthrie family. Weyland said it will likely be a year or more before he starts renovating the historic piece of Louisville real estate, citing the struggling economy. His plans for the building include a mixed-use project with retail or other commercial uses for the ground floor and 20 or more living spaces, probably apartments, on the upper three floors.

"We are going to hold it until we've got an opportunity to redevelop it as a full-blown historic rehab," Weyland said, adding that "we have some existing tenants in the building who will continue to be there until we are ready to redevelop."

Weyland has been the lead developer on many notable Louisville real estate projects over the last several years, including Market Street's Glassworks project, the Louisville Slugger Museum and Factory, and others. One of his other Louisville real estate projects is the Whiskey Row Lofts on West Main Street, and he has been chosen by Louisville's City Council as a co-developer for the Liberty Green development.

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