DevelopLex is a podcast diving into the ins & outs of real estate development and investing here in Lexington, Kentucky. This series will feature interviews with some of Lexington's most prominent real estate developers that have played a major role in bu
In this episode of DevelopLex, we sit down with Dallas Rose, a Lexington native whose bold approach to real estate and hospitality is helping redefine what's possible for the city. From launching Mileta, one of Lexington's most ambitious new restaurants, to co-developing Midland Station, a transformative downtown housing project, Dallas shares his vision for building a modern Lexington rooted in culture, creativity, and long-term growth.Whether he's assembling complex capital stacks or crafting a pasta-forward menu, Dallas brings together national experience and local love to push Lexington forward. We explore why the city is ripe for next-level development, how public-private partnerships can unlock real opportunity, and why Lexington doesn't have to lose its soul to grow.---Core Themes Discussed:Lexington's Untapped Potential: The city has all the ingredients to be world-class - it just needs bold leadership and smart development.Visionary Entrepreneurship: Dallas blends private equity strategy with a passion for culture-building through restaurants and real estate.Challenges of Local Development: Generational land ownership and fragmented parcels make it hard to build here - but that's changing.Public-Private Collaboration: How tools like IRBs and PILOTs can drive large-scale projects like Midland Station.Preserving Identity While Growing: Growth doesn't mean giving up what makes Lexington special - especially its horse farms and historic charm.---Highlights:Why Fayette Mall was a strategic move for Mileta (not a gamble)A behind-the-scenes look at Midland Station and what makes it transformativeWhat IOS (Industrial Outdoor Storage) is—and why it's a niche worth watchingHow Lexington compares to Sunbelt markets Dallas invested in at Goldman SachsWhy the next wave of developers must balance risk with long-term cultural investment---Guest Bio:Dallas Rose is the founder of Jade Investments, co-owner of Mileta, and a development partner on Midland Station. After years in real estate private equity at Goldman Sachs and Marlin Spring, he returned to Lexington to help shape its next chapter - with a plate in one hand and a site plan in the other.Hosted by Weston Lockhart & Ross BoggessDevelopLex is proud to be supported by:SVN Stone Commercial Real EstateCommunity Trust BankCraftsman Contractors
In this episode of DevelopLex, we sit down with Dr. Eli Capilouto, the 12th President of the University of Kentucky, to explore how UK's campus transformation is more than bricks and mortar — it's a purpose-driven mission to advance Kentucky's future. Since taking office in 2011, Dr. Capilouto has overseen more than $7 billion in campus development, growing UK's total operations to $8.4 billion and turning the university into a catalyst for statewide economic, academic, and health transformation.We dig into the decision-making behind UK's infrastructure investments, the role of strategic partnerships, and innovative programs like UK Invest that reflect the university's commitment to preparing students for lives of meaning and impact.Hosted by Weston Lockhart & Ross BoggessDevelopLex is proud to be supported by:SVN Stone Commercial Real EstateCommunity Trust BankCraftsman Contractors
In this episode of DevelopLex, we sit down with Price Bell, a lifelong Lexingtonian, thoroughbred farm operator, and passionate community builder. From managing his family's historic Mill Ridge Farm to leading neighborhood redevelopment efforts in North Limestone, Price brings a unique lens to the intersection of land, legacy, and leadership.We dive deep into what it means to steward land, how creative use of public grant programs can drive real estate reinvestment, and why Lexington's future lies in both preserving its horse country roots and innovating its urban core.Hosted by Weston Lockhart & Ross BoggessDevelopLex is proud to be supported by:SVN Stone Commercial Real EstateCommunity Trust BankCraftsman Contractors
In this episode of DevelopLex, we sit down with Clay Waller, a Lexington-based real estate investor and developer, to talk about his journey into the industry - one that started with a trial by fire. When his grandfather suddenly handed him the reins to a struggling business, Clay had to learn fast. Today, he's built a thriving portfolio spanning residential and commercial properties, including some of Lexington's most notable redevelopments on the North Side.From navigating the challenges of zoning laws to bringing one of Popeyes' top-performing locations to town, Clay shares how he spots opportunity where others see obstacles. He also dives into the importance of flex space in commercial real estate, how Lexington's north side is primed for growth, and what city leaders can do to make development easier.If you're interested in real estate investing, Lexington's economic future, or the mindset needed to seize opportunities, this episode is for you.Hosted by Weston LockhartDevelopLex is proud to be supported by:SVN Stone Commercial Real EstateCommunity Trust BankCraftsman Contractors
In this episode, we partnered with Downtown Lexington Partnership to host a live panel discussion at 325 West Main, formerly known as the Festival Marketplace. Joined by visionary Katie Kaufman and the general contractor on the project, David Dean, we discuss the redevelopment of this historic Lexington property. Kaufman, a former U.S. Defense policy expert turned developer, shares her journey of acquiring and reimagining the building with her partner, Jack Matthews. David provides insights into the construction challenges and solutions for bringing the timeless structure back to life. The conversation covers themes of community collaboration, the need to balance modern needs with historic preservation, and the importance of creating spaces that enrich daily experiences. Hosted by Weston Lockhart & Ross BoggessDevelopLex is proud to be supported by:SVN Stone Commercial Real EstateCommunity Trust BankIntro music by SmithTheMister00:00 Introduction and Event Overview00:55 Meet the Hosts and Guests02:09 Katie Kaufman's Acquisition Story06:52 Vision and Development Plans10:08 Construction Challenges and Progress13:52 Community and Surprises21:05 Future Vision and Lessons Learned28:51 Conclusion and Final Thoughts
In this episode, Ross and Weston sit down with Didi Caldwell and Jeff Bischoff during the Commerce Lexington Regional Summit. Didi Caldwell is the President and CEO of Global Location Strategies, a leading site selection and incentive negotiation firms for manufacturing and industrial companies.Jeff Bischoff is the Chief Sales Officer as Gray Construction, a Lexington, Kentucky-based design-build firm specializing in engineering, architecture, and construction services for industrial, commercial, and food and beverage manufacturing projects.Their discussion covers key trends in economic development, the site selection process, and what makes a region competitive for jobs in today's landscape. We hope you enjoy the discussion!Hosted by Weston Lockhart & Ross BoggessDevelopLex is proud to be supported by:SVN Stone Commercial Real EstateCommunity Trust Bank
We are back for season 5! We've spent the off season hard at work and have some fun updates to share, along with some exciting news from the team. Today, we welcome Logan Jones onto the podcast. You might know Logan from Middle Tech - our sister brand - but recently, Logan has decided to go full time to help us grow both brands. We're incredibly excited to have Logan captaining the ship for us, so we wanted to sit down together and talk about the year ahead. Subscribe to the DevelopLex newsletter here Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Community Trust Bank SVN Stone Commercial Real Estate Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
In this episode, we sit down with Ted Abernathy at the Hyatt downtown during the Central Kentucky regional summit. Ted, the managing partner of a consultancy based in North Carolina, discusses economic forecasts for Kentucky's nine regions and dives deep into local Lexington. He shares insights on economic strategies, labor force dynamics, and regional competitiveness. Key topics include population growth, housing affordability, and the impact of urban service boundaries. Ted also explores factors influencing people's decision to move and how Lexington can enhance its attractiveness to new residents. Join us for a data-rich conversation on the future of economic development in Lexington and beyond. Subscribe to the DevelopLex newsletter here Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Community Trust Bank SVN Stone Commercial Real Estate Craftsmen Contractors Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister 00:00 Introduction and Setting the Context 00:41 Meet Ted Abernathy 02:12 Economic Insights from the Summit 02:50 Challenges and Opportunities for Lexington 03:59 Factors Influencing Population Growth 04:59 Commercial Real Estate in Lexington 05:49 Key Competitiveness Factors 08:55 Housing Affordability and Supply 18:04 Regionalism and Collaboration
Landry is the owner and CEO of Nova Insurance Group an independent insurance agency specializing in commercial property, franchises and businesses with 20+employees. He grew up in Central KY and currently lives in Versailles with his wife and 3 kids. He began investing in real estate multi family units and apartments due to the connections and insights he learned from his podcast called Keys to the Commonwealth that focuses on real estate investors and business entrepreneurs in the state of Kentucky. IG: @landryfields_www.novainsurancegroup.comhttps://www.linkedin.com/in/landryfields/ Subscribe to the DevelopLex newsletter here Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Community Trust Bank SVN Stone Commercial Real Estate Craftsmen Contractors Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
Don't mind the birds chirping in the background… Ross and Weston chose to record this episode on the Urban Service Boundary Line. In this episode, they covered takeaways and guest quotes for the season best third places in Lexington what do you miss about Lexington why this setting for this episode? We have a fun next few episodes coming up to end the season, so tune in! Subscribe to the DevelopLex newsletter here Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Community Trust Bank SVN Stone Commercial Real Estate Craftsmen Contractors Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
In this episode, Weston sits down with Griffin Vanmeter, a creative force behind some of Lexington's most iconic projects, including Kentucky for Kentucky and the Night Market. Griff shares his passion for bringing joy and weirdness to every idea, and we delve into his background, from his early days to his current endeavors. We discuss the importance of nostalgia, community development, and the role of parks in economic growth. Griff also shares his excitement about current initiatives, including the Parks Initiative, and his vision for the future of Lexington. See what Griff has been up to YES FOR PARKS! KY For KY Bullhorn Creative Subscribe to the DevelopLex newsletter here Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Community Trust Bank SVN Stone Commercial Real Estate Craftsmen Contractors Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
In this episode, we have an enlightening conversation with Jim Gray, Secretary of Transportation for Kentucky and former mayor of Lexington. Jim shares his personal journey from growing up in Glasgow, Kentucky, to rising through the ranks in public service. He reflects on his vision for Lexington, including transformative projects like the Town Branch Park, the restoration of historic buildings, and the creation of a vibrant urban core. Jim also discusses his role in major state initiatives such as handling COVID-19 vaccine distribution, disaster response, and significant transportation projects. This episode provides a deep dive into city planning, public service, and the importance of quality of life and place in building a great American city. Checkout Driving Lexington Progress Subscribe to the DevelopLex newsletter here Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Community Trust Bank SVN Stone Commercial Real Estate Craftsmen Contractors 00:00 Introduction and Welcome 00:27 Jim Gray's Early Life and Inspirations 04:04 Role as Secretary of Transportation 05:11 Handling Natural Disasters and COVID-19 10:24 Leadership and Vision for Lexington 14:41 Challenges and Achievements as Mayor 22:12 Future Projects and Urban Development 30:51 Transportation Initiatives and Innovations 35:55 Acknowledging the Team and Public Service 39:19 Conclusion and Gratitude Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
In this live event episode of Develop Lex, hosts engage in a dynamic conversation with infill developers Chad Walker and Chad Needham. The event, held at Eppings, explores key urban development challenges and opportunities in Lexington. The discussion covers zoning issues, unique project experiences, and the importance of infill development in revitalizing underutilized areas. Subscribe to the DevelopLex newsletter here Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Community Trust Bank SVN Stone Commercial Real Estate Craftsmen Contractors Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
In this episode, we have an exciting interview with Mitch Barnhart, Athletics Director at the University of Kentucky. Mitch discusses his journey to Lexington and the significant changes the city and the university have undergone over the years. He delves into the transformation of UK's athletic facilities, the impact of sports business, and the importance of engaging the community. Mitch also highlights the unique relationship between UK and Lexington, emphasizing the vital role the university plays in the city's development and culture. Additionally, Mitch shares personal insights on his tenure and future aspirations, making this a must-watch for those interested in the intersection of athletics, education, and urban growth. 00:00 Introduction to Develop Lex 00:05 Interview with Mitch Barnhart Begins 00:26 The Role of Athletics in Lexington's Development 01:21 Mitch Barnhart's Background and Journey 01:52 The Evolution of Sports Business 07:19 The Unique Integration of Sports and Education 08:07 Sponsorship Message from SVN Stone Commercial Real Estate 08:57 Changes in Athletics Administration Over 22 Years 14:12 Facility Upgrades and Their Impact 19:44 University of Kentucky's Community Integration 22:55 Impact of Campus Development on Local Economy 23:34 Preserving Lexington's Unique Vibe 24:31 Balancing University Priorities 24:57 Master Plan and Facility Upgrades 27:58 Funding and Financial Strategies 32:37 Future Projects and Innovations 36:25 Personal Reflections and Community Involvement 40:17 Closing Thoughts and Gratitude Subscribe to the DevelopLex newsletter here Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Community Trust Bank SVN Stone Commercial Real Estate Craftsmen Contractors Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
In this episode, we sat down with Clarence Cundiff, a seasoned real estate investor and appraiser. Clarence shares his unique journey into real estate, his extensive experience with appraisals, and his investments in commercial properties. Dive into the nuances of property valuation, the challenges and opportunities in the Lexington real estate market, and insights into future development. Clarence also discusses his foray into property development and the intricate process of appraisals for large-scale projects, making this episode essential for real estate enthusiasts and professionals. Don't miss Clarence's expert tips on navigating the ever-evolving real estate landscape. 00:00 Introduction to Clarence Cundiff 00:50 Clarence's Journey into Real Estate 03:36 Understanding the Appraisal Process 06:36 Challenges and Changes in Appraising 10:20 Clarence's Real Estate Investments 15:59 Becoming a Developer 20:00 Renovation Costs and Inflation Impact 20:21 Valuation and Lending Issues 21:04 Craftsman Contractors Advertisement 21:36 Appraisal Process Insights 29:35 Challenges in Land Valuation 37:04 Lexington's Real Estate Market 38:06 Conclusion and Contact Information Subscribe to the DevelopLex newsletter here Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Community Trust Bank SVN Stone Commercial Real Estate Craftsmen Contractors Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
In this episode, we welcome Doug Gibson, a distinguished member of the Gibson Company and a pivotal figure in the development of Lexington, Kentucky. Doug shares his extensive experience as a commercial realtor, discussing his involvement in the city's organized real estate activities and major developments like the IBM and Toyota plants. He emphasizes the importance of quality of life and maintaining Lexington's unique character amidst growth. Doug also offers advice for aspiring professionals and reflects on the collaborative and evolving nature of Lexington's real estate industry. 00:00 Introduction and Guest Welcome 00:44 Doug Gibson's Early Life and Career Beginnings 01:43 The Evolution of Real Estate in Lexington 03:12 Lexington's Growth and Development 05:02 Impact of Major Industries on Lexington 11:10 Toyota's Influence on Central Kentucky 12:21 The Bourbon Industry's Resurgence 22:27 Transylvania University's Historical Significance 26:49 The Rise of Commercial Real Estate 30:47 The Evolution of Real Estate Education 32:17 The Importance of Property Management 33:47 Changes and Constants in the Real Estate Industry 41:31 The Birth of Commercial Real Estate Brokerage 45:52 Toyota's Impact on Lexington 52:22 Advice for the Next Generation Subscribe to the DevelopLex newsletter here Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Community Trust Bank SVN Stone Commercial Real Estate Craftsmen Contractors Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
In this episode of DevelopLex, we welcome Luther Deaton, the chairman, president, and CEO of Central Bank, to share his incredible journey from humble beginnings in Breathitt County to becoming a prominent business leader in Lexington, Kentucky. Luther discusses his early life, entry into the banking industry, and his profound impact on the community through various charitable organizations. He also sheds light on the changes in banking over the decades and the importance of public-private partnerships in addressing Lexington's affordable housing crisis. Tune in to learn about his leadership philosophy, community involvement, and vision for the future of Lexington. 00:00 Introduction to Luther Deaton 01:06 Luther's Humble Beginnings 02:58 Journey to Lexington 03:50 Career at Central Bank 04:44 Changes in Banking 06:45 Leadership and Community Involvement 12:11 Impact of Major Events on Banking 17:34 Lexington's Growth and Challenges 22:21 Notable Projects and Contributions 23:22 Legacy of Community Builders 23:57 Unique Development Dynamics in Lexington 25:58 Advice for New Employees 27:56 Involvement in Local Organizations 30:53 Lessons from a Career in Lending 34:07 Impact of the University of Kentucky 39:34 Future of Lexington: Exciting Developments 42:03 Public-Private Partnerships for Affordable Housing 44:52 Conclusion and Gratitude Hosted by Weston Lockhart Subscribe to the DevelopLex newsletter here DevelopLex is proud to be supported by: SVN Stone Commercial Real Estate Craftsmen Contractors Community Trust Bank Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
In this episode of DevelopLex, we welcome Luther Deaton, the chairman, president, and CEO of Central Bank, to share his incredible journey from humble beginnings in Breathitt County to becoming a prominent business leader in Lexington, Kentucky. Luther discusses his early life, entry into the banking industry, and his profound impact on the community through various charitable organizations. He also sheds light on the changes in banking over the decades and the importance of public-private partnerships in addressing Lexington's affordable housing crisis. Tune in to learn about his leadership philosophy, community involvement, and vision for the future of Lexington. 00:00 Introduction to Luther Deaton 01:06 Luther's Humble Beginnings 02:58 Journey to Lexington 03:50 Career at Central Bank 04:44 Changes in Banking 06:45 Leadership and Community Involvement 12:11 Impact of Major Events on Banking 17:34 Lexington's Growth and Challenges 22:21 Notable Projects and Contributions 23:22 Legacy of Community Builders 23:57 Unique Development Dynamics in Lexington 25:58 Advice for New Employees 27:56 Involvement in Local Organizations 30:53 Lessons from a Career in Lending 34:07 Impact of the University of Kentucky 39:34 Future of Lexington: Exciting Developments 42:03 Public-Private Partnerships for Affordable Housing 44:52 Conclusion and Gratitude Hosted by Weston Lockhart Subscribe to the DevelopLex newsletter here DevelopLex is proud to be supported by: SVN Stone Commercial Real Estate Craftsmen Contractors Community Trust Bank Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
In this episode of DevelopLex, hosts Ross and Weston hold a round table discussion touching on various topics related to real estate in Lexington. The importance of mentorship in the real estate industry The need for more formalized real estate programs at the University of Kentucky Benefits of promoting open conversations and problem-solving over winning arguments Personal updates: Weston discusses his retail real estate endeavors Ross talks about his involvement in mixed-income housing projects Significance of infill redevelopment and the urban service boundary Overall vision for Lexington's development Emphasis on fostering community conversations Seeking mentorship and learning from other cities' successful programs and initiatives Subscribe to the DevelopLex newsletter here 00:00 Welcome to the Developlex Round Table 00:10 Ross's Return and Podcast Goals 01:43 Personal Updates: Real Estate and Home Life 02:19 Retail Real Estate Focus 03:55 Mixed Income Housing Projects 06:04 Lexington's Quality of Life 08:20 Commercial Real Estate Advice 13:55 Mentorship and Community Building 16:40 Lexington's Development Challenges 24:01 Vision for Lexington's Future 30:18 Call to Action and Closing Remarks Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Community Trust Bank SVN Stone Commercial Real Estate Craftsmen Contractors Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
Ameet is the Founder and Managing Partner of Thoroughbred Hospitality Group. Since its inception in 2018, THG has grown to build, own and operate over 13 hotels and 6 F&B outlets across Kentucky and Tennessee, employing over 250 employees to date. In the greater Lexington area - Ameet and the THG team are more famously known for bringing all 3 Crumbl Cookies locations to central KY, the Hampton Inn by Hilton in Brannon Crossing, the Tru by Hilton in Hamburg, and the upcoming CAMBRiA Hotel and rooftop nestled between Downtown and Campus. In this episode we talked with Ameet regarding the development process behind a hotel, the importance of operations in Hospitality, and a very exciting Lexington project his team is doing today.
This week we were thrilled to welcome on the founders of Bluegrass Hospitality Group, Bruce Drake and Brian McCartyBluegrass Hospitality Group consists of Malones, Drakes, Harry's, and OBC Kitchen and has scaled into a powerhouse restaurant brand across the Southeast, all run from Lexington, KY where the founders are vital members of the community.Bruce and Brian discussed with us the inception of the concept of BHG, hard learnings through failure and trials along the way, and their expansion strategy and big picture thinking for the company and how that fits into Lexington.
In this episode, we sit down with Wes Murry, an entrepreneur and investor known for his strategic involvement in diverse ventures across Lexington and beyond. Wes discusses his move from Lancaster to Lexington, his initiation into the hedge fund world, and his extensive experience in real estate development. He also shares insights into his approach to investment and his commitment to enhancing community spaces through thoughtful development. The conversation illuminates Wes's entrepreneurial spirit and his ability to transform vision into substantial community value. Join us as Wes provides a glimpse into the mindset and mechanics behind his successful projects, from the revitalization of historic sites to the creation of new community landmarks. Hosted by Weston Lockhart Subscribe to the DevelopLex newsletter here DevelopLex is proud to be supported by: SVN Stone Commercial Real Estate Craftsmen Contractors Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
On this weeks episode, we were stoked to welcome on Mike Hynes, President and CEO of Winterwood. Winterwood Development, part of a family-owned business that has been serving families for over 40 years, is committed to developing high-quality housing throughout our region. The offer a variety of services but where we spent most of our time on in this episode was the significant issues Lexington (and beyond) is having in trying to address affirabikity in the housing sector. Specifically, we talked about case scenarios of affordable housing development and how that relates to Lexington, policy, and the feasibility of solution based thinking in our city. Hosted by Weston Lockhart Subscribe to the DevelopLex newsletter here DevelopLex is proud to be supported by: SVN Stone Commercial Real Estate Craftsmen Contractors Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
Daren Turner is a seasoned entrepreneur and CEO whose roots are firmly planted in Lexington, Kentucky. His 27 years of marriage to Kirsten and their three children, Seth, Hadley, and Luke, reflect his commitment to family and community ties in his hometown. Transitioning into leadership roles at Amteck in 1992, Daren rapidly absorbed the business side. Taking the helm in 2000, he drove impressive growth through strategic acquisitions and championing innovation. After selling to private equity in 2015, his unwavering dedication saw him reacquire Amteck in 2020 and orchestrate another successful sale in 2021 while remaining CEO. Parallel to his electrical business successes, Daren has carved out a formidable real estate development career spanning residential, office, industrial, senior living, and more. His current project, The Commons, channels his passion for real estate into transforming Lexington's skyline, integrating mixed-use innovation to invigorate the urban experience. It's a project close to his heart, aiming to unite work, leisure, and community in a vibrant, sustainable development reflective of Lexington's spirit. We were able to discuss the steps in getting infill redevelopment projects done in Lexington, large scale mixed use development and the hurdles that coincide, as well as pockets of Lexington with the most upside. Hosted by Weston Lockhart Subscribe to the DevelopLex newsletter here DevelopLex is proud to be supported by: SVN Stone Commercial Real Estate Craftsmen Contractors Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
David O'Neill was appointed Fayette County Property Valuation Administrator by Governor Steve Beshear on February 11, 2009, and overwhelmingly elected to full four-year terms in 2010, and subsequently re-elected in 2014, 2018 and 2022. Because of David's expansive knowledge on the value of real estate in Lexington, we were able to spend a significant amount of time breaking down current day, how we got here, and future discussion of Lexington values and trajectory. Hosted by Weston Lockhart Subscribe to the DevelopLex newsletter here DevelopLex is proud to be supported by: SVN Stone Commercial Real Estate Craftsmen Contractors Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
Dow Porter currently serves as the Presidentand Managing Principal of Shield Environmental and brought a perspective of a vendor in Commercial Real Estate, assisting commercial real estate principals on the Environmental process. Dow manages the Assessment andRemediation Group and over the course of hiscareer, he has assisted many industrial facilitiesand municipalities with industrial complianceissues including the proper characterization andhandling of solid, special, and hazardous waste. Environmental studies are a massive part of the due diligence process in Commercial Real Estate and Development, and we were able to get into the details of how that works as well as some common misconceptions. Hosted by Weston Lockhart Subscribe to the DevelopLex newsletter here DevelopLex is proud to be supported by: SVN Stone Commercial Real Estate Craftsmen Contractors Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
Jake Riordan is a Lexington based developer and is involved in several projects around town currently. Organically through his time in Lexington Jake has gone from house flipping to developing ground up retail/residential developments such as Ethington Shoppes (think Chick-fil-A and 7 Brew on Harrodsburg Road) and has some key takeaways to share. Jake talks lessons learned along the way, how to balance development with 5 (yes five) kids, and indicators of success in a potential new project that he's learned over time. Hosted by Weston Lockhart Subscribe to the DevelopLex newsletter here DevelopLex is proud to be supported by: SVN Stone Commercial Real Estate Craftsmen Contractors Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
DevelopLex Season 3 wraps up with Weston and Ross recapturing moments from this season, lessons learned, take aways from the third live event and observations of our market.DevelopLex Season 4 will launch in 2024. Subscribe to the DevelopLex newsletter here Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Bank Of The Bluegrass SVN Stone Commercial Real Estate Craftsmen Contractors Rapid Fire Investments Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
Norwood “Buddy” Cowgill is one of the few people in Lexington today that can say that they took a company public. Buddy was born in Lexington and grew up on Chenault Road before attending Transylvania University and eventually becoming a large-scale real estate developer/owner and founder of Studio Suites Plus and Office Suites Plus. Most recently, Cowgill is developing the corner of Polo Club and Winchester Road towards a Healthcare Hub for Lexington that will serve much of the state (think where you see the Massive Baptist Health Hamburg Building going up, where UK just closed on 40 acres) On this episode, we discussed Buddy's start into real estate and how his entrepreneurial real estate mind led him towards the success of the bulk of his career, as well as how he did that from Lexington. We also discussed where he sees the trajectory of a city like Lexington going and where the next generation of entrepreneurs fits into that. Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Bank Of The Bluegrass SVN Stone Commercial Real Estate Craftsmen Contractors Rapid Fire Investments Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
On this weeks episode of DevelopLex, we sat down with Dan Rose - founding member of Rose Grasch Camenisch Mains PLLC, a Lexington based law practice and real estate investor. Dan has been a real estate attorney for over 40 years and carries a unique perspective as a fairly large real estate investor as well that has down about every type of real estate deal that you could imagine. He specializes in commercial real estate and has represented a wide range of clients from institutional funds to expanding concepts to “small” investors. Dan offered invaluable insight on lessons learned along his journey in law / real estate investing, spoke on the importance of legal representation in investing (with some stories that will persuade you to seek counsel), and we spoke on how things such as how AI and speed are changing law and real estate every day. Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Bank Of The Bluegrass SVN Stone Commercial Real Estate Craftsmen Contractors Rapid Fire Investments Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
DevelopLex was able to hit a couple of different perspectives from within Haymaker Development Company, Lexington, Kentucky's largest land developer of residential, commercial, professional office and mixed use real estate projects. Haymaker has developed over 1500 acres of Lexington's premier properties and continues to be very active in developing mixed use projects with approximately 750 acres of some of the finest properties in the Bluegrass region. This episode carried a unique perspective from two key members of the Haymaker team, Andy Haymaker and Josh McCurn, as they were able to touch on more notable Lexington developments that the company has carried to the finish line such as Beaumont, as well as out of state development experience with corporate retailers such as Dollar General. We touched on the history of the Haymaker Company as it's woven into Lexington, Corporate Real Estate Site Selection and Development, and the constraints that a company that develops across state lines sees in Central Kentucky. Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Bank Of The Bluegrass SVN Stone Commercial Real Estate Craftsmen Contractors Rapid Fire Investments Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
In this episode, we sit down with Jason Rainey to uncover his journey from rural Kentucky roots to becoming a driving force in urban development. From his upbringing and educational path to his pivotal role in the Bluegrass Alliance, Rainey provides a candid account of his professional evolution. Tune in as Rainey discusses his pragmatic approach to project selection, highlighting his knack for combining innovation with genuine community impact. With Lexington as his backdrop, Rainey shares his vision for a future where urban progress and local essence coalesce, shaping a dynamic chapter for the city's growth. Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Bank Of The Bluegrass SVN Stone Commercial Real Estate Craftsmen Contractors Rapid Fire Investments Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
Mary Quinn Ramer, President of VisitLex, has over seen Lexington's Convention & Visitors Bureau through some of Lexington's most transformative years. Community development and economic development through real estate development are themes of the episode. Mary Quinn Ramer shares how the 'why' behind everything VisitLex does has residents in mind. Tourism & Economic Development Lexington's downtown heartbeat has been revived for residents and visitors, Why landmark events have increasingly chosen Lexington Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Bank Of The Bluegrass SVN Stone Commercial Real Estate Craftsmen Contractors Rapid Fire Investments Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
Allison Lankford is the Executive Director of Town Branch Park.Being directly behind the Lexington Convention Center, the Town Branch Park which is breaking ground August 2023 is transforming into an inviting and unparalleled signature park for Lexington. Town Branch Park will provide a crucial link between Town Branch Trail (existing and new downtown portion) and the Legacy Trail, knitting together the urban core and truly bringing a piece of Lexington's iconic countryside to its city center.Alison is leading a team and securing financial support, as well as working with public space experts and community members to develop the design, programming plan and governance structure for Lexingtons newest attraction.We discussed all the ins and outs of the Park and the process of the last few years and the next few to come with Alison, leading a team to bring a vision had by Lexington to life. Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Bank Of The Bluegrass SVN Stone Commercial Real Estate Craftsmen Contractors Rapid Fire Investments Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
A Frankfort KY native, Pulliam has resided in Lexington since graduating from UK. As a local entrepreneur, he has extensive knowledge of the Lexington and central Kentucky business environment. He is also a licensed Kentucky real estate broker and founder, with a partner, of the Lexington office of Sperry Van Ness; Additionally and what the most of our episode focused on, Steve Pulliam has been a successful business intermediary since the early 1980's and founded Bluegrass Business Advisors in 1991. He has been involved in hundreds of transactions from relatively small to over $35 million. Today, the operation of Bluegrass Business Advisors acts as a business intermediary and broker to assist business sellers and business buyers achieve their goals. We were elated to get to talk to Steve about the ins and outs of a business transaction and business brokerage and how that relates to other investments types. Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Bank Of The Bluegrass SVN Stone Commercial Real Estate Craftsmen Contractors Rapid Fire Investments Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
This week on DevelopLex we were excited to sit down with Richard Polk, Principal at Award Winning EOP Architects based out of Lexington.Richard has been at the firm since 1984 and has worked on some incredible large scale projects in the city of Lexington. On this episode we were able to get the perspective from someone who quite literally gives shape to the city of Lexington. Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Bank Of The Bluegrass SVN Stone Commercial Real Estate Craftsmen Contractors Rapid Fire Investments Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
This week on DevelopLex we discussed topics that have been requested several times to both Ross and Weston individually, as well as are getting talked about a ton in the real estate landscape of Lexington. Those topics included: The Urban Service Boundary decision and what it actually means Interest Rates and how that is affecting transactions in Commercial and Residential in Lexington AirBnB decisions on local level Affordable Housing comments from Mayor Linda Gorton These are merely opinions and should be treated as thus. Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Bank Of The Bluegrass SVN Stone Commercial Real Estate Craftsmen Contractors Rapid Fire Investments Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
Joe Rosenberg is one of the more familiar names around the city of Lexington, especially as it relates to Downtown Lexington (and fancy Jewelry). Joe was raised in Lexington where his family started a Jewelry store, known as Joe Rosenberg Jewelers, over 120 years ago. Since arriving back in Lexington after college, Joe has paved his own way through mixing entrepreneurship, real estate, and relational capital. Being so familiar with the area, Joe has used his expertise of downtown Lexington to be a part of massive developments in the city and has been practicing land and building assemblage all of his adult life. We discussed with Joe the process of Assemblage, the true history of Lexington from someone who has lived it, and strategic partnerships. Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Bank Of The Bluegrass SVN Stone Commercial Real Estate Craftsmen Contractors Rapid Fire Investments Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
Raquel Carter is a board member for Lexington for Everyone and owner of Guide Realty. We were excited to sit down and talk to Raquel about the organization of Lexington For Everyone. Lexington for Everyone is a Lexington based organization comprised of local community leaders that promotes equitable and affordable living and working opportunities for all by advocating for sensible land use policies. We felt it necessary ahead of a season of large decisions being made in Lexington that we talk with varying perspectives from around the city about growth, equity, and solutions based thinking and giving people enough education to make up their own minds on the future of Lexington. In this episode we talked about land use policy, supply and demand of housing in Lexington, and the decisions that are being made very soon that affect the future of our city. Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Bank Of The Bluegrass SVN Stone Commercial Real Estate Craftsmen Contractors Rapid Fire Investments Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
Troy Turner is a Real Estate Developer/Investor, owner of the Signature Club and sizable IT company, and Lexingtonian.The Turner family is well known in the city of Lexington with several projects such Fortune Business Centre, Turner Commons, and more - and many people know the family from Ron, Troy's Dad's, large white house on Chinoe that lights up around Christmas time. Troy went a different way from the family real estate business and started out by refurbishing used equipment by night which he sold to local businesses by day. After two years of hard work building a strong business foundation, Commonwealth was approached by a major manufacturer in the industry who saw potential in the small company which was a catalyst for the company's growth and Troy's position today. Slowly but surely, Troy has shifted into a large scale real estate developer and owner in Kentucky. On this episode we talk about some of the projects that Troy is working on today, shifting from business to real estate and the acquisition criteria you should have, and more! Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Bank Of The Bluegrass SVN Stone Commercial Real Estate Craftsmen Contractors Rapid Fire Investments Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
In this episode, we sit down with Bryce Anderson. He is an entrepreneur and incredible real estate mind based in Lexington, KY. Bryce and partners own several thriving businesses rooted out of Lexington such as Vinaigrette Salad Kitchen, Activate Games, Breakout Games, and also is in the process of developing industrial real estate in the Lexington area. Our discussion with Bryce covered everything from the evolution/future of retail real estate, site selection for multi unit businesses, the real estate development process, and all things Lexington. Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Bank Of The Bluegrass SVN Stone Commercial Real Estate Craftsmen Contractors Rapid Fire Investments Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
Crank & Boom is a staple of Lexington's small business community, but it's more than just ice cream. Toa Green was born in Frankfort, KY and after traveling around for several years, came to Lexington and started her entrepreneurial journey. In a different kind of episode for DevelopLex, we had Toa on the show not only because Crank & Boom is incredible ice cream, but more so because Toa has seen first hand how to scale a business in the city of Lexington and all of the details that have gone into that. We were able to touch on telling a story behind a brand, the commitment it takes to truly scale, and what the community of Lexington has had to offer for an entrepreneur like Toa. Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Bank Of The Bluegrass SVN Stone Commercial Real Estate Craftsmen Contractors Rapid Fire Investments Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
Tom Greinke is the President of Bank of the Bluegrass and oversees commercial lending, mortgage lending, loan operations, credit underwriting, and marketing for the Bank. We felt that with all of the uncertainty in the market right now, Tom is an incredibly qualified source to discuss Silicon Valley Bank, outlook on interest rates, and the elementary definitions behind a lot of the lending terms that we hear every day.Tom got his start in banking in 1997 with a job that brought him to Lexington after graduating from Indiana University in Bloomington. During this time Tom has held several positions in the Finance industry and most recently as President at Bank of the Bluegrass. Bank of the Bluegrass is a Community Bank based in Lexington and serves Kentucky, specializing in Commercial Real Estate Loans and also offers many loan solutions including mortgage loans. Tom brought an incredible financial knowledge base to DevelopLex this week. Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Bank Of The Bluegrass SVN Stone Commercial Real Estate Craftsmen Contractors Rapid Fire Investments Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
Jeff Fugate is an Associate Professor of Extension and Program Director for the Urban & Environmental Design Program at the University of Kentucky's School of Architecture. A city planner and urban designer by training, Fugate has a two-decade career in community and economic development prior to academia. In addition to his duties at the University, Fugate serves as Chair for the Lexington Affordable Housing Fund and Vice-Chair for the Fayette County Industrial Authority. He is also an advisory member of the Fund for Greater Lexington. On this episode, we talk about the characteristics that make a city like Lexington desirable, downtown planning, and all things Downtown. Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Bank Of The Bluegrass SVN Stone Commercial Real Estate Craftsmen Contractors Rapid Fire Investments Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
Chad Walker, known for developing the Warehouse Block at Winchester Road and Walton Avenue from family owned industrial uses to a vibrant retail and restaurant mix with local favorites like Mirror Twin Brewing, The Blushery, Eppings, and El Cid. Chad shares how being a neighborhood centric developer has created accessible and welcoming environment for all as well good and bad stories of development along the way. Chad shares how he is using the success stories in Lexington to adopt development plays for Winchester, KY. Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Bank Of The Bluegrass SVN Stone Commercial Real Estate Craftsmen Contractors Rapid Fire Investments Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
C. J. May was born in Pikeville, KY and he began his career in the commercial real estate business in 1978. Much of the last 30 years has been spent assisting Lowe's Home Center with its expansion program. Mr. May has been involved in the placement of over 100 Lowe's Home Improvement Stores all across the country. In addition, CJ is the Principal of May Commercial Group which has assisted businesses in identifying opportunities for growth by providing a wide range of services, including market delineation, expansion and storing strategies, site acquisition, contract negotiations, and construction management. We were excited to sit down and talk with CJ about the process of site selection for a National Retailer, the process behind retail development, and what it really means to be submerged in a market like Kentucky. Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Bank Of The Bluegrass SVN Stone Commercial Real Estate Craftsmen Contractors Rapid Fire Investments Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
Brian gained his expertise in the construction and real estate industries the old-fashioned way: through hands-on experience. As a kid, working on the farm with his grandfather taught him important lessons about a strong work ethic. At just 22, he purchased a 31,000-square-foot retail shopping center, which he owned and managed while continuing to build and expand his construction business and residential rentals to 100 units. Through the process, Brian chose to focus on retail real estate and organized BC Wood Companies (later renamed BC Wood Properties). Today, BC Wood Properties has around 4,000,000 sf and 25 properties in it's portfolio. In this episode we were able to discuss the leap of going from single family home to shopping center investment, syndicating large real estate deals, and the kitty-gritty of acquisition, leasing, management, etc of Retail Real Estate. Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: Bank Of The Bluegrass SVN Stone Commercial Real Estate Craftsmen Contractors Rapid Fire Home Buyers Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
Gina Greathouse has been involved in economic development for more than 30 years, beginning with state government and with Commerce Lexington since 1995. As the executive vice president for economic development with Commerce Lexington, Greathouse and her team help promote Lexington as great place to do business, advocate for favorable public policy, and serve as an intermediary for the city and the local business community. Plain and simple, Gina's (and Commerce Lex as an organization's) goal is to encourage new job growth and better opportunities for the citizens living in the Bluegrass. On this episode, we discuss some of the stories behind some incredible businesses in the Bluegrass, the role of Commerce Lexington, and the future of Lexington and the selling points of the city to get there. Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: SVN Stone Commercial Real Estate Community Trust Bank Rapid Fire Home Buyers Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
From Atlanta to San Fransisco to Lexington, KY… Ralph Coldiron has sold, constructed, or project managed over $1 Billion worth of real estate in over 200 projects. Originally from Whitesburg, KY, and migrating to Lexington through a football scholarship to Eastern Kentucky University, Ralph has worked in just about every facet of Real Estate and business development in general in Kentucky. When you look at our downtown, chances are that if you look around you'll see a building that Ralph was somehow involved in the construction of. Today, Ralph owns Coldiron Oil, is the Director of Business Development for the Lane Report, Project Coordinator for Town Branch Park, and is extensively involved with the Lexington Children's Hospital and various other organizations. On this episode, we talked about the evolution of the career of one of the most influential Lexington Real Estate minds, giving back to the community, and the problems and solutions that Lexington is on the cusp of as a city. Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: SVN Stone Commercial Real Estate Community Trust Bank Rapid Fire Home Buyers Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
In an incredibly turbulent economic environment, we decided to record a moment in time covering current market conditions, interest rates, and the ripple effect that shifting expectations can have on real estate transactions. The takeaway from this episode will not be doom and gloom, and should be meant as an encouragement that there will always be development and deals to be had in every market cycle. Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: SVN Stone Commercial Real Estate Community Trust Bank Rapid Fire Home Buyers Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
Mark currently serves as the Vice President, Planning and Development for Lexington's Blue Grass Airport, where he is responsible for airport planning, development, environmental compliance, and facility maintenance. Over two decades, he has also been involved in the design and construction of a variety of infrastructure, including public utilities, residential and commercial development. He received his Bachelor of Science in Civil Engineering from the University of Kentucky and earned a Master of Arts in Christian Education from the Southern Baptist Theological Seminary. On this episode of DevelopLex, we were able to sit down with Mark and discuss the future of the Blue Grass Airport, logistics of the aviation industry in general as it relates to Real Estate, and how this all relates back to the Bluegrass. Hosted by Weston Lockhart and Ross Boggess DevelopLex is proud to be supported by: SVN Stone Commercial Real Estate Community Trust Bank Rapid Fire Home Buyers Learn more about Middle Tech and our network of shows at MiddleTech.com Intro music by SmithTheMister
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