FRANKFORT, KY. – Governor Andy Beshear, County Judge Michael Mueller, developers Pat Madden of Hamburg Place, Jason Taylor and Bret Caller of Equity-Management Group, Inc. today joined Mayor Layne Wilkerson in breaking ground on the Paddocks of Frankfort, a new power regional mixed-use center at I-64 and US 127 off exit 53 in Frankfort, Kentucky. The mixed-use center is to be anchored by Target. Madden announced that Target will build a 128,000 square foot store at the Paddocks of Frankfort. The Paddocks will be Target’s first location in the Franklin County area and is expected to draw guests from the neighboring 7 counties.
Paddocks of Frankfort is a $150 million project and is the largest mixed-use development in the history of Frankfort and Franklin County, Kentucky. With dozens of planned new to the market restaurant and retail offerings, the project is projected to create 1,732 construction jobs over the
3-year development period. The ongoing annual impact is estimated to directly support 1,085 jobs and $28 million in yearly wages per an economic impact analysis prepared by Commonwealth Economics. This activity is estimated to indirectly support another 177 jobs and $3.9 million in yearly wages throughout the area.
Governor Andy Beshear offered, “Team Kentucky works hard to ensure a great quality of life in all our Kentucky communities. I’m pleased to be here today to help break ground on the Paddocks of Frankfort and to announce that one of the world’s most beloved brands, Target, is coming to the Capital City. The Paddocks is a catalytic development for Frankfort and we appreciate Pat Madden and his team investing here.”
Developer Pat Madden added, “Target is building hundreds of new stores to reach guests with a shopping experience that’s welcoming, convenient and fun, whether they’re shopping the aisles or using same-day services. We are proud to have them as an anchor at the Paddocks of Frankfort, a premier shopping, dining, and commercial destination in the Capital City. My partners and I are enthusiastic about the community and excited to invest in Frankfort. We are happy to be getting started today.”
Mayor Layne Wilkerson added, “Today’s groundbreaking of the Paddocks of Frankfort represents a new chapter in our community. This development is a sign of our progress and a promise of more great things to follow. I am grateful to the Target and Paddocks’ teams for their confidence in the direction of our city. It has been a pleasure to work with them, as well as federal, state and local officials, to make this project happen. Together, we are investing in Frankfort’s future, and the future is bright!”
Franklin County Judge Michael Mueller said, “We welcome Target, and the Paddocks of Frankfort. Today is a great day in Franklin County and there are many more great days to come. Thank you to the development team for your investment in our community.”
For more information on the Paddocks of Frankfort visit
