The building was first built in 1925 on the corner of Fifth and Walnut streets as the Kentucky Hotel.[1] It was the last hotel built in Downtown Louisville before World War Two.[1] The late 1960s experienced a large growth in new apartment construction throughout the United States.[2] At the same time, some buildings were converted into apartment buildings, and in 1972 the Kentucky Hotel was converted to an apartment building and renamed the Kentucky Towers.[1][2] In 1978, the Louisville Board of Aldermen voted 6–5 to rename Walnut Street to Muhammad Ali Boulevard.[3] In 1997, Kentucky Towers was the largest residential building in Downtown Louisville.[4]
The building is 19 stories and includes 285 apartments.[4] As of 1997, the swimming pool on the roof of the seventh floor was the highest swimming pool in the State of Kentucky.[4]
In 2005, the building was purchased for $7.65 million by a New York City investor Aaron Parnes.[5] In April 2010, PMR Companies, a local management company, began managing the building.[6]
