COVINGTON (FOX19) - Covington city leaders announced the future of the two historic buildings on the corner of Madison Avenue will be developed by the same people who created Hotel Covington.
The space used be home to the Gateway Community & Technical College bookstore and YMCA.
After several weeks of buildup, the City of Covington, Salyers Group, and vR Group announced a $22.5 million-plus renovation and revitalization of the buildings.
With much of the two buildings' 72,000 square feet of space having sat vacant since 2015, Salyers said the mixed-use development will include:
- A "bourbon distillery experience" that will serve as the northern trailhead for the Kentucky bourbon industry, with details to emerge later.
- About 60 VIP and Presidential suites serviced by staff and management of the nearby Hotel Covington.
- And 10,000 square feet of office space, with tenants to be announced later.
The development is projected to create over 100 jobs.
Guy van Rooyen, president of the Salyers Group, said the ground-breaking is scheduled to occur in January 2020.
A few weeks ago, banners were hung outside, joking and asking you to take your best guess on what it will be.
Some of the guesses on the banner include the new location of Area 51, a day spa for the Goebel Goats, the new site of Hogwarts Satellite Campus, or just adding more cool stuff to Covington.