Baton Rouge, La.-based Dantin Bruce Development will be breaking ground this month on 333 Flats, a 36-unit condo development on East Boy Drive, reported the Greater Baton Rouge Business Report. The $7 million project represents the second phase of the $5.5 million 333 Lofts, a 28-unit adjacent condo development which opened in August 2012 and sold out within 10 months.
While phase one only featured two- and three-bedroom condos, phase two will also feature studio and one-bedroom apartments, due to high buyer interest in the smaller layouts. Selling prices in the new development will start at $145,000 for studios and go north of $300,000 for three-bedroom units. Amenities will include a courtyard with outdoor seating, fire pits and TV and controlled access. The project will feature an industrial-type design similar to the first phase. 333 Flats is expected to complete in summer 2015. Also in 2015 the developer also plans to break ground on a 150-unit apartment complex across the street from the condo project.
In other multifamily news, Baton Rouge developer Mike Wampold has filed a plan review application with the city-parish Department of Public Works for the $30 million apartment project he is looking to develop near Louisiana State University, on Stanford Avenue, reported the Greater Baton Rouge Business Report. Wampold’s plans entail building a 241-unit, four-story apartment complex on the site of One Lakeshore Place, a former student housing complex that was demolished in early 2014 to make way for the new project. Wampold’s new apartment building would feature 434,000 square feet of high-end housing that will target students as well as other renters.
Image credits: 333 Lofts at East Boyd via Facebook