After decades of serving breakfast, lunch and dinner to hungry Louisville residents, Masterson’s Food & Drink in Old Louisville closed recently, and the building will be razed to make room for a large Louisville commercial real estate project. Located for more than 50 years at Third Street and Cardinal Boulevard, Masterson’s is the future site for a four-story retail and apartment complex, which will serve local residents and students at the University of Louisville. Heine Bros. Coffee, Jimmy John’s Gourmet Sandwich Shop, Qdoba Mexican Grill and other retailers have already signed on as tenants of the new development. The project’s first phase will be completed by fall 2011, and it will include retail space and apartments for up to 373 students. The venerable 42,000-square-foot full-service restaurant, catering and banquet hall served its last hungry guest on July 31, and many of the regulars mourned its closing while praising the food and service. Four siblings owned and operated the restaurant, and they currently have no plans to reopen. They have relocated the catering business to a new building on Lexington Road in Irish Hill. The new Louisville commercial real estate is good news for students and residents in the area. If you’re a commercial property owner in the Louisville area who is seeking professional property management services, call the Louisville property management professionals at Louisville Properties at 502.744.9504. They offer a wide range of customizable property management services including tenant screening, Internet marketing, income and expense reports and many others. For more information about our professional Louisville property management services, call us today! Resource link: http://www.courier-journal.com/article/20100721/ZONE07/7210312/Old+Louisville+landmark+Masterson+s+to+be+missed