DSLD homes will soon begin the permitting process for construction of 23 more homes in the Redwood Lake subdivision in Zachary, after purchasing the lots from developer First Horizon, Inc. for $897,000.
“Over the next five to six months we’ll pull permits and start construction. Houses should take about 120 days to finish,” says DSLD CFO Jeffery Purpera.
The homes are priced between $160,000 and $190,000, with living areas between 1,350 and 1,850 square feet. The construction is a part of Redwood’s second filing. DSLD has 14 houses currently under construction in the neighborhood, and four are in the permitting process. Over the past two years, DSLD has sold 40 houses in the neighborhood, and 12 more are currently under contract.
Other recent land sales of note recorded with the East Baton Rouge Clerk of Court include:
— The East Baton Rouge Parish School Board last week acquired a building for pre-kindergarten and kindergarten classes at University Terrace Elementary across the street from the school for $250,000. The building formerly housed the Baton Rouge Speech and Hearing Foundation, which moved to its new site on Innovation Park Drive in April and is now known as The Emerge Center.
The building is 8,013 square feet and sits on 1 acre of land at 535 W. Roosevelt St.
— J.B. Levert Land Company LLC closed on the regional Domino’s Pizza distribution center at 18251 E. Petroleum Drive for $4.1 million last week. Levert bought the property from Robert Mantovani, a Florida resident. The warehouse is climate controlled, Levert President and Manager Louis Andolsek says, which accounted for the higher-than-average sales price. The warehouse is 33,460 square feet and sits on nearly 4 acres. Andolsek says Domino’s will continue leasing the space, which Levert bought as an investment property. “There’s not too much out there for sale,” Andolsek says. “It was opportunity and we took it.”
— Paul White Jr., who manages The Chateau Apartments of Baton Rouge LLC, purchased the 32-unit Country Club II apartment complex in Tigerland for $750,000 from MAR Realty, represented by Anthony Rushing. White’s family company has purchased and renovated several Tigerland complexes, starting with the Cambridge apartments in 2006 and including Cambridge West, Cambridge on the Green and The Establishment. Check out a September cover story from Business Report on redevelopment in Tigerland.
— Also last week, MEGMAVIN LLC, represented by Robert DeAngelo, purchased a warehouse at 7751 El Monte Drive, near the intersection of S. Choctaw Drive and Airline Highway, for $535,000 from M. Mantle Enterprises LLC, represented by Jack Wilkerson. DeAngelo did not return calls for comment on details of the sale by this afternoon’s deadline. —Kelly Connelly
