Lexington Area Business Expansion Creates Need for Housing

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Andover Management Group, which operates several apartment communities in Lexington, Kentucky, welcomes the opportunity to assist new and expanding businesses by providing corporate housing.

Lexington’s economic growth is welcome news, and at Lakewood Park we want to welcome new area residents by offering exceptional corporate housing assistance.

Temperatures in Lexington, Kentucky, may be dropping as winter approaches, but many new and expanding enterprises are finding the business climate warmly welcoming. Commerce Lexington reports the creation of more than 1,400 jobs from new or expanded businesses in the area through the third quarter of 2013 (http://locateinlexington.com/Data-Facts-Figures-Locations-Expansions.aspx).

This is good news to some existing businesses, such as the Andover Management Group. Lakewood Park Apartment Homes (http://www.andovermgt.com/lakewood-park/), one of the Andover properties on Laketower Drive, offers corporate housing for those who are new to the area, either on temporary assignment or permanent relocation. Property Manager Brad Rose said, “Often those who relocate to Lexington are hesitant to buy before they try. They want to explore the city for a while before they bring in the family and all their belongings. We give them a temporary base that’s more like a home than a hotel room would be.”

The Andover Management Group has worked with a number of local employers to place incoming employees, Rose said. Among them are Commerce Lexington, Bechtel, the University of Kentucky, and Amazon.

Just three months ago, Amazon opened a fulfillment center in nearby Winchester which created 550 jobs, and in September they announced the creation of 100 new full-time jobs in Lexington (http://www.lex18.com/news/amazon-hiring-in-lexington/). As in years past, Amazon is hiring tens of thousands of workers nationally for full-time seasonal positions. In 2012, the company converted more than 7,000 temporary employees into full-time regular positions, according to Business Lexington.

“If Amazon employees need corporate housing,” said Rose, “we’re here to help in any way we can. We can arrange with a third party to have the apartment fully furnished so that the resident will have only one monthly payment to make, and we’ll work with the employee on drawing up an appropriate lease. Lexington’s economic growth is welcome news, and at Lakewood Park we want to welcome new area residents by offering exceptional corporate housing assistance.”

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Michael Gale
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