Kentucky Developer To Build 8-Building Apartment Complex In Baton Rouge
- May 27, 2015
Developers plan to bring another apartment community to Baton Rouge. LDG Development, a Louisville, Ky.-based company, intends to build the new complex at the intersection of Airline Highway and Evangeline Street, in the city’s north side.
The project is called Port Royal Apartments. According to documents from the Louisiana Housing Corp., the state’s affordable housing agency, its total development cost will be about $26.5 million. Plans call for the construction of an eight-building complex, with 216,672 square feet of space and a total of 192 units. There will be 96 two-bedroom units and 96 three-bedroom units. The Advocate reports that rents at Port Royal will range between $800 for a two-bedroom, two-bath unit to $925 for a three-bedroom, two-bath apartment.
The newspaper also said that the city parish Planning Commission is scheduled to vote on a site plan at its June 15 meeting. If the project receives all the necessary approvals, the developers could break ground on the development this fall, and Port Royal could open in the spring of 2017.
Port Royal will be LDG’s third multifamily development in Baton Rouge. The Kentucky-based developer also built The Woodcrest and Mallard Crossing. It has three other properties in Louisiana, two in New Orleans and one in Lafayette.