City Properties Group, the Louisville-based developer that now owns the Weustoff and Getz Co. building, plans to convert it into about 40 loft-style apartments, with two or three commercial tenants on the ground floor. A spokeswoman for City Properties Group confirmed today that Troll Pub “will be a tenant in that facility.” Renovations to the building are scheduled to start in the next month or two, the spokeswoman said.
Bill Weyland, owner of City Properties Group, and Bob Means, owner of the Troll Pub, are good friends, Barker said. The two have collaborated on other business ventures, including the historic building that houses the Louisville Troll Pub location.
The developer is seeking to create Oregon East, which would enlarge the footprint of the Oregon Historic District beyond Wayne Avenue, Barry Alberts, managing partner with City Properties Group, said last week. The City Properties Group will spend between $8 million and $9 million on the renovation project, the company told city officials.
The city last week authorized transferring ownership of about eight acres, which includes the Weustoff and Getz building, the empty lot just east bordered by Walnut Street and the Garden Station property, to City Properties. The city also transferred a six-story commercial building at 15 McDonough St., which is the mostly vacant former Dayton Motor Car Co.