Commercial and residential real estate across the Capital Region — development projects, property sales, construction, and the market trends driving them.
Local developer Richard Carmouche obtained permits last week to begin the second phase of Dawson Bluff Townhomes in The Grove mixed-use development. The homes will be built by Alvarez Construction.
Concrete barriers built by the city-parish on Burbank Drive a few years ago for traffic safety made it harder for customers to turn into a McDonald’s on the corner of Burbank and West Lee Drive. The McDonald’s is now closed, leaving some to question whether corner real estate is what it once was in Baton Rouge.
A company represented by local developer Arthur Lancaster bought the Monterrey Plaza Shopping Center near the future Amazon fulfillment center on Florida Boulevard for $1.65 million on Monday.
Hotel occupancy in the Capital Region was nearly 10% higher than the national average in mid-March, according to the latest economic indicator report from the Baton Rouge Area Chamber.