An aging residential street near Jennie Stuart Medical Center might not look like prime real estate but to a group of investors who grew up in the neighborhood, it represents a statement about what’s possible.
The Lincoln Real Estate Development Group’s first new house in Hopkinsville was recently completed on West Edmunds Street, where the partners held a ribbon-cutting ceremony Saturday to celebrate.
About a hundred people attended, including friends, city officials and a young couple expecting their second child who will rent the three-bedroom, two-bath house.
The Lincoln Group’s founders include chief executive officer Chris Whitney, a retired professional basketball player, and chief operating officer Frederick Taylor, who is a real estate broker now based in Tampa, Florida.
Whitney, who lives in Washington, D.C., and Atlanta, told Hoptown Chronicle that the investors plan to construct more than 150 new houses in the city’s oldest neighborhoods. They have already purchased a couple dozen lots through the Landbank Authority, which handles properties that have changed hands through foreclosure, said Mayor James R. Knight Jr.