Real estate company

Local Real Estate Company Acquires Distressed St. Matthews Galleria | Business

LOUISVILLE, Ky. (WDRB) – A struggling shopping center in St. Matthews has a new owner.

In a statement, Kaden Companies announced it has acquired the Galleria of St. Matthews. The Oeschli Avenue shopping center was once home to Del Frisco’s, Havana Rumba and other businesses, but the property was condemned in 2019 after the roof collapsed.

The company said it plans to redevelop the two-acre property, which is in a busy part of St. Matthews. The vision includes 23,000 square feet of retail space on the ground floor and a proposed second floor with 4,000 to 10,000 square feet of office or medical space. Construction is expected to start before the end of 2021.

Kaden Companies plans to begin construction of a new Galleria of St. Matthews by the end of 2021. Courtesy of Kaden Companies.

Kaden Companies is a real estate and development company in Louisville that operates large properties including Holiday Manor Mall, Cedar Springs Mall, Jefferson Ridge in Jeffersonville, Indiana, and South Park Mall in Lexington, Kentucky.

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