Ashland Alliance

Downtown Ashland’s Park Place sees new investor

ASHLAND, Ky. — Downtown Ashland might be seeing more rental space following the sale of the Park Place building to a doctor from California.

In April, Dr. Vikas Ghai, an oncologist at Adventist Health Bakersfield, bought the building at auction for $735,000, according to Boyd County PVA records. Bobby Meade, owner of Central Uniform and Scrubs inside the building at 1701 Central Avenue, is acting as the eyes on the ground for VSI Assets, the holding company Ghai created to buy the building.

Meade said the idea for the building is to transform it into a mix of commercial and rental spaces, but he said the situation is “fluid.”

“Right now everything is up in the air, but in the coming months we should have a clearer idea of what Dr. Ghai will do with the building,” Meade said.

When Ghai bought the building, Meade said he and the new owner “absolutely hit it off.”

“He is a doctor and I am a nurse, so we both have working in health care as something in common,” Meade said. “Whenever you talk to him, you'll find he's enthusiastic about the project and that he wants to do a lot for the community.”

Added Meade: “We've been hit pretty hard over the last 15, 20 years, so it’s good to see someone come in and see potential in what we have around here.”


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