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DevelopLex

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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 building Lexington into what it is today.
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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 mar…
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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 emphas…
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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 communi…
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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 …
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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 Crumb…
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This week we were thrilled to welcome on the founders of Bluegrass Hospitality Group, Bruce Drake and Brian McCarty Bluegrass 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…
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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 approac…
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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 th…
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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 s…
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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 significan…
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Dow Porter currently serves as the President and 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 and Remediation Group and over the course of his career, he has assisted many industrial fac…
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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. J…
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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 DevelopL…
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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,…
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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 es…
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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 developin…
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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 t…
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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. …
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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 downt…
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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…
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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 sh…
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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 C…
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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…
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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 fo…
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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 …
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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…
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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 incre…
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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 elementa…
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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 Universit…
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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 …
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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 o…
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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 …
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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…
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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 bu…
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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…
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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…
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George Ward serves in several roles at the University of Kentucky including the Executive Director of the Coldstream Research Campus, the President of Kentucky Technology, Inc., and an adjunct professor in the Hospitality Management and Tourism program. Ward has 35 years of executive experience including technology based economic development, hotel…
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Alison Davis is the Executive Director of the Community and Economic Development Initiative of Kentucky (CEDIK) and Professor of Agricultural Economics at the University of Kentucky. Dr. Davis’ role is to build relationships across campus, Kentucky, and the South; with the goal of promoting a stronger sense of community and an improving the economi…
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Adam Edelen is the CEO & Founder of Edelen Renewables, a Lexington-based company that specializes in transitioning former coal communities into solar fields. Adam shares his stories of growing up on a farm and how that work ethic has led him to serving the state in public offices, running for Governor, and starting Edelen Renewables. Connect with A…
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Brooks Bailey is the owner of Bluegrass Bean Counter, a bookkeeping and tax preparation business in the Lexington area with a strong focus on real estate related business. We feel that for many reasons, this is one of our most important episodes to date. Not only is Brooks passionate about what he does, (saves people thousands and thousands on taxe…
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This week's episode features a roundtable discussion with Weston Lockhart, Ross Boggess, and Evan Knowles (welcome back, Evan). Our conversation covers key takeaways and favorite memories from the first 15 episodes, and dives into our goals for the future of DevelopLex. Overall, we’re incredibly excited about where we’re at and where we are headed …
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Phil Holoubek is the founder, President and CEO of Lexington’s Real Estate Company (“LRC”). Since 2000, LRC has been actively involved in the transformation of downtown Lexington, developing more than $50 million worth of real estate in the downtown Lexington area, with additional mixed-use projects valued at $50 million currently in the works. Phi…
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Brian Luftman can best be characterized as an entrepreneur. Born and raised in Lexington, KY, Brian moved to Chicago to pursue his dream of being a floor trader at the Chicago Mercantile Exchange. He ended up buying a seat on the exchange and trading commodity options for 10 years. During that time, he founded Luftrade, which specialized in cattle,…
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Anthony Humphress is a Real Estate Investor and active Philanthropist based in Lexington, KY. Anthony bought his first investment property in the fall of 2001 to help support his hobby of working with nonprofits and now over 20 years later, what started as a way to pay his own salary at a non-profit has blossomed into serving over 750 residents as …
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Brett Setzer, CEO of Brett Construction and Setzer Properties, is a Lexington Native and has been involved in the construction industry since 1981 when he worked part-time while attending college. After gaining field experience, Brett began working with customers to help develop their ideas into working designs and is currently active in marketing,…
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Holly Wiedemann founded AU Associates, Inc., in 1990 and oversees the development of multiple award-winning, affordable housing properties serving seniors, families and special needs communities in Kentucky and West Virginia. To date, AU has created over 35 communities and developments that range from the adaptive re-use of historic buildings inclu…
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Brittany M. Roethemeier, J.D., joined Fayette Alliance as Executive Director in March 2019 after practicing real estate law at McBrayer PLLC since 2011, where she was named a “Super Lawyer-Rising Star in Real Estate” in 2017, 2018 and 2019. A passion for her community and a desire to ensure that Lexington continues to be an extraordinary place to l…
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A mentor to many, Biff Buckley spent 41 years in the insurance industry as owner of one of the largest locally-owned insurance agencies in Lexington. During this time he developed a portfolio of real estate investment properties which he currently operates. Biff owns several commercial properties and several hundred units of multifamily accrued ove…
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A Pharmacist by trade, 30 years ago Dennis Anderson began building better communities by buying distressed homes and renovating them. By 1993, he’d remodeled more than 100 homes, improving many of Lexington’s existing communities. But as he listened to his clients’ needs, he dreamed of creating new communities where residents could enjoy affordable…
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Joseph Back is the owner of Rapid Fire Homebuyers and a Real Estate Investor with around 200 units and several commercial properties at age 25. Joseph jumped into real estate full time in early 2018 right after graduating from the University of Kentucky and began his career leading and scaling a wholesale company to complete over $1 Million in assi…
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