Student Housing: Former Masterson’s site to offer student housing this fall

by John R. Karman III for Business First

The former Masterson’s Food and Drink Inc. site near the University of Louisville’s Belknap Campus used to buzz with the sounds of meals being prepared.

Now, the hum of construction fills the air.

That’s because work is proceeding at a fast pace on a $57 million conversion of the property into a mixed-use complex called Cardinal Towne.

The development, led by Valparaiso, Ind.-based Investment Property Advisors LLC, will include housing for 539 U of L students, a parking garage and 29,000 square feet of retail space.

373 beds to be available this fall

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