The developers of The Elysian, a mixed-income apartment complex at the intersection of North 13th Street and Spanish Town Road, are planning a second phase of the successful development. The Elysian II will be adjacent to the original 110,300-square-foot complex and, like the first phase, will be 100 units.
“We are very excited about having more residential downtown,” says Downtown Development District Executive Director Davis Rhorer. “Part of our master plan is to have more housing because that changes the market. Having another 100 people downtown will be incredible.”
The Gulf Coast Housing Partnership was the lead developer of The Elysian, and the organization’s director, Kathy Laborde, confirms plans for The Elysian II are under way. However, she says it is premature to discuss details or a timeline for the project.
At the moment, the agency is still cobbling together financing for the complex. It has applied to the East Baton Rouge Redevelopment Authority for $800,000 in federal Community Development Block Grant funding, says RDA Executive Director Gwen Hamilton. That’s just a fraction of the total $17.2 million estimated price tag for the project. The RDA board will vote on the request at its meeting in October.
The Elysian opened in mid-2013, breathing life into a blighted area between downtown and Mid City. Demand for the units has been consistently high and the complex has remained 100% occupied. In the two years since its opening, businessman Collis Temple, Jr. has begun redevelopment of the nearby DeVille Apartments, and BREC is now making improvements to Spanish Town Park, which is adjacent to The Elysian.
“It is an interesting area and prime for redevelopment,” Rhorer says. “It is all a very good sign.”