A 58-acre tract at Ben Hur Road and Nicholson Drive has been sold for nearly $4 million. Capstone Development of Birmingham, Ala., bought the land from UPUD in a deal that was filed Friday. Capstone has already started work on The Cottages of Baton Rouge, and opened a sales office for the luxury apartment complex. The first phase of the 382-unit, student-housing development is set to open in August. Capstone developed the Fieldhouse, a condominium development near Tiger Stadium, catering to the LSU game-day crowd. Edward Rotenberg of Sealy & Falgoust represented Capstone and Beau Box of Beau Box Commercial Real Estate represented the seller. Capstone plans to do $6 million in site improvements to the property, along with spending millions on constructing The Cottages.
Land sold for LSU apartment development
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
