from this morning's Globe St (7/14):
Last updated: July 11, 2008 11:39pm
Lafayette Development Unveils $135M Project
By John McCloud
"BATON ROUGE, LA-The developer of a Downtown project, originally proposed as a residential condominium tower with a small amount of retail space, has unveiled a new plan that would place 49 to 75 condos atop a 330-room hotel. Locally based Lafayette Development Holdings Ltd. hopes to have the $135-million RiverPlace under construction by January.
Lafayette partner Richard Preis says the absence of an established high-rise condominium market prompted the change. "Baton Rouge really doesn't have a condo market," he explains. "With the general problems in the residential market, we decided the original scheme didn't make sense." RiverPlace, planned for 427 Lafayette St., would take 18 to 24 months to complete."
for the complete story
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment