December 2024
Lexington, KY continues to solidify its reputation as a vibrant, growing market, drawing recent nation recognition and development projects.
Lexington Named As One of Condé Nast Traveler’s “Top 5 Best Small Cities in the U.S.”
What This Means For You: This recognition highlights Lexington on a national scale as a must-visit destination, drawing attention to unique blend of charm, culture, and hospitality.
Lexington approves final plans for development of 2,800 acres soon to be added to the city’s growth boundary
What This Means For You: The designs call for village-like neighborhoods with retail and other amenities at their center, intending to create more walkable and inviting neighborhoods. The master plan estimates that between 17,000 and 26,000 living units could be built on the 2,800 acres if plans are followed.
Piramal Pharma Solutions investing $80M to expand Lexington manufacturing
What This Means For You: The expansion will create 45 full-time jobs in the area. The 24,000 square-foot expansion contributes to the continued growth of Kentucky’s manufacturing sector.
7% growth puts UK enrollment at record 36,000+
What This Means For You: The University of Kentucky (UK) is celebrating record enrollment of over 36,000 students this fall, marking a 7% increase from the previous year. Of that number, 25,774 are undergraduates, a 7.5% increase over the previous year. In addition, 1,162 transfer students represent the largest number of transfers in more than a decade and about a 16% increase over last year.
Lexington named a Top 10 mid-size U.S. city at drawing graduating Gen Zers
What This Means For You: Lexington offers a share of adult Gen Zers of 10.5%, marking the sixth-best showing in that metric among all mid-sized cities. About 28% of job postings in Lexington cater to recent graduates, making the city an appealing destination for young professionals.
Construction continues on downtown Lexington’s new 11-acre park
What This Means For You: Gatton Park is expected to open in 2025 and will feature an entertainment stage and great lawn, which can hold up to 4,500 people, free public Wi-Fi, a designated dog park, water playground, and more.
Kentucky breaks records in tourism
What This Means For You: According to a 2023 study, 79.3 million travelers visited the state in 2023, a 4.5% increase from 2022.
