New apartments planned by LSU amid rising vacancy rates

    Despite rising vacancy rates for student housing near LSU, residential investors are still looking at the Baton Rouge student market for new properties. 

    Dallas-based Fountain Residential Partners, which specializes in luxury student housing, is planning a complex at the corner of Gourrier Avenue and W. Parker Boulevard, near LSU’s South Gates. Plans and a request to rezone the property were submitted to the city-parish and will be considered by the Planning Commission on July 15

    The 132-unit Vue on Parker will be located on 1.3 acres and feature a parking structure, according to submitted plans. The development will be designed by the Duplantis Design Group. 

    Other Vue-branded properties by Fountain Residential Partners are located near the University of Houston and Texas Christian University. 

    Amid a wealth of new construction the last few years, the LSU student housing market is currently struggling to absorb new units. Newer, generally higher-end student housing complexes near LSU were approaching 19% vacancy rates, as of April. More than 720 units have been built in the South Gates area since 2015, according to a planning staff report. 

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