The latest structure to rise from the ground downtown is a three-story mixed-use building at 200 Laurel St., which is situated at the corner Lafayette Street one block from the Mississippi River.
Vertical construction began about four weeks ago on the site, which was previously the home of the Louisiana Sheriffs’ Association building. Developer Prescott Bailey acquired the property one year ago and demolished most of the old building to make way for a new, 9,000-square-foot structure that will house office space on the first two floors and Bailey’s personal residence on the third floor.
The total cost of the project is about $2 million, and so far Bailey says he’s staying within the parameters of his budget. His original plans called for keeping the exterior of the old building, but its poor condition made that impossible.
“The walls were not structurally sound,” he says. “So we kept the slab and two walls that we could save and are building around that.”
Jeffrey Carbo Landscape Architects will lease the 3,000-square-foot ground floor space. The Alexandria-based firm currently has a local office on Government Street.
Bailey is still looking for a tenant to lease the 3,000-square-foot, second-floor space.
The exterior of the building, which was designed by Chenevert Architects and is being built by The Lemoine Company, will be a combination of steel panels and fiber cement panels. Construction is expected to be completed by October.
Bailey says that since he acquired the building in 2015 so much new development has occurred downtown it has only heightened his enthusiasm about the project.
“Since I bought the building a little over a year ago, there have been so many announcements of new restaurants, bars and apartments I am even more excited about coming to live downtown,” he says. “I can’t wait for it to be completed.”