Continental Properties Breaks Ground on 268-Unit Multifamily Development in Nicholasville, Kentucky
NICHOLASVILLE, Ky. — Continental Properties has broken ground on Springs at Colts Run, a 268-home garden-style apartment community located at the southwest corner of Colts Run and U.S. Highway 27 in Nicholasville, Kentucky. The multifamily real estate development marks the company's fourth community in the greater Lexington market and continues its expansion of the Springs Apartments brand across the region.
Project Overview and Unit Mix
Springs at Colts Run will offer studio, one-, two-, and three-bedroom apartment homes, each featuring private ground-level entrances and attached garage options — design elements that distinguish the Springs product from conventional multifamily configurations. The community's amenity package includes a clubhouse and pool, fitness center, walking trails, pickleball court, dog park, outdoor grilling areas and outdoor seating, a car care center, package center, and EV charging stations.
"At Springs at Colts Run, we're creating a living experience that reflects how people want to live today," said Heather Riggs, Senior Vice President of Multifamily Operations at Continental Properties. "Residents will have the privacy and ease that define our Springs communities, along with amenities that support active lifestyles and everyday convenience, all in a well-connected Nicholasville location."
Market Rationale and Lexington Expansion
The Nicholasville development is situated along U.S. Highway 27, providing access to both the local market and the broader Lexington metro area. Continental Properties cited proximity to major regional employers — including the University of Kentucky, UK HealthCare, Baptist Health Lexington, Alltech, Walmart, and Donaldson Company — as key drivers of housing demand in the submarket.
"Lexington and the surrounding area continue to see strong demand for quality housing, supported by steady job growth and limited new supply," said Henry Houden, Vice President of Acquisitions at Continental Properties. "Springs at Colts Run builds on our established presence in the market, bringing thoughtfully designed housing to a location that continues to grow and attract residents."
Springs at Colts Run is Continental's fourth Lexington-area community, joining Springs at Hamburg and Springs at Polo Club, the latter of which broke ground in November 2025.
Construction and Development Timeline
Construction will be led by Doster Construction, a contractor that has completed nearly 10 Springs communities for Continental Properties.
Pre-leasing is expected to begin in winter 2026, with initial move-ins anticipated in April 2027 following completion of the community clubhouse and first residential building.
Continental Properties Portfolio Context
Continental Properties is ranked among the National Multifamily Housing Council's Top 25 developers. Since its founding in 1979, the company has developed 142 apartment communities encompassing more than 39,000 apartment homes across 20 states. In addition to its multifamily real estate development activity, Continental Properties has completed nine apartment community acquisitions and maintains a portfolio that also includes retail and hospitality properties.
The Springs Apartments brand, which Continental Properties has owned and operated since 2001, emphasizes townhome-style designs with private entrances, resort-style amenities, and pet-friendly policies across communities throughout the country.
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