Phil Holoubek
Mr. Holoubek is the founder and President of LRC Real Estate. Since earning his MBA from the University of Oregon in 1995, he has kept the words of his mentor close to his heart: “You can do good and do well; the two are not mutually exclusive.” Since 2000, Phil has been passionately pursuing transformation in downtown Lexington. His development philosophy is rooted in urbanism – reforming the design of the built urban environment and raising the standard of living by creating better places to live. He has implemented this philosophy in each of his downtown projects.These developments have been highly successful and well received by young professionals, retirees, and other advocates of Lexington’s vibrant Downtown community.
LRC was formed with the goal of providing affordable quality rental options in Lexington’s disadvantaged neighborhoods. After achieving this goal by renovating existing dilapidated properties and renting them at market rates to hundreds of residents, Phil and LRC moved to developing new properties. Previous development projects have resulted in over $50 million in downtown real estate. LRC is considered “The Downtown Experts”, a reputation earned from years of dedication to bringing responsible improvement to downtown Lexington. Phil is actively involved in many civic organizations and ventures that share his goals for Lexington. He was among the founders of the Lexington Young Professionals Association, which now boasts nearly 1000 members. Phil has served on the boards of the Lexington Center, the Downtown Lexington Corporation, the Urban League and several other local organizations. Additionally, he has served on community task forces designed to improve LFUCG budgeting practices, LexTran operations, and has served on the Steering Committee for the Downtown Development Authority’s Downtown Lexington Master plan.
Community Board Positions
LYPA (founder) | 2000 – 2003
Downtown Lexington Corp. | 2003 – 2006
Tenant Services | 2003 – 2006
Urban League | 2005 - 2011
Knight Foundation | 2007 – 2010
Lexington Center/Rupp Arena | 2004 – 2012
Fayette County Development Corp. | 2006 - 2016
Bluegrass Community Foundation | 2008 – 2014
Community Ventures Corp | 2010 - 2013
Big Brothers Big Sisters | 2011 – 2015
Economic Development Board | 2011 – 2020
Bluegrass Sports Commission | 2014 – present
Downtown Management District | 2017 – present
Field & Main Bank | 2020 - present
Congress for New Urbanism (CNU) | 2021 – present
Governor’s Bike Commission | 2022 - present
Other Civic Involvement
Infill & Redevelopment Steering Committee | 2004- 05
LFUCG Budget Task Force | 2004 - 2005
Downtown Master Plan Steering Committee | 2004 - 2006
Community Land Trust Steering Committee | 2004 – 2006
Second Sunday Founding Committee | 2005 - 2009
Planning Committee, CL Oklahoma City Trip | 2006
Vine St. Linear Park Task Force | 2006
Downtown Circulator (trolley) Task Force | 2007
Planning Committee, CL Boulder, CO Trip | 2007
LFUCG Infill, Quality of Life Task Force | 2007
Entertainment Task Force | 2007
Legacy Trail Steering Committee | 2007 - 2011
Planning Committee, CL Austin, TX Trip | 2008
Planning Committee, CL Madison, WI Trip | 2009
LFUCG Government Center Task Force | 2009
The Lexington School, ‘Celebration’ Chair | 2009 - 2010
Creative Cities Summit, Producer | 2010
Living Arts & Science Center, Campaign Chair | 2011 - 2012
Triangle Foundation | 2003 – present
KAMP House | 2003 - present
Downtown Streetscape Task Force | 2007 – 2011
Main & Rose HOA | 2007 - 2015
Nunn Lofts HOA | 2007 – 2015
Midland Avenue TIF District | 2013 - present
Tree Canopy Steering Committee | 2014 – present
Downtown Design Excellence Steering Committee | 2014 – present
Infill & Redevelopment Committee | 2023 - present
Development Awards
Main & Rose-
Winner AIA Architectural Award
Winner Herald Leader Reader’s Choice Poll (Best Downtown Development
Winner LFUCG Historic Preservation Award
Winner Bluegrass Tomorrow Vision Award
Winner Downtown Lexington Corporation Downtown Streetscape Award
Winner Downtown Lexington Corporation Urban Innovation Award 2008
2nd Place Ace Weekly Best of Lex Reader’s Poll (Best Local Lofts)
Nunn Lofts-
Winner Best Local Lofts (Ace Weekly Best of Lex Reader’s Poll)
Winner Best Old Building Rehab (Ace Weekly Best of Lex Reader’s Poll)
Winner Bluegrass Tomorrow Vision Award
Winner Downtown Lexington Corporation Urban Innovation Award 2009
The MET-
Winner Downtown Lexington Partnership Urban Innovation Award 2022
Civic Awards
March of Dimes “Building the Community” Award
Urban League Young Professionals “Community Service” Award