Development still in the works: The downtown sales and marketing office for the RiverPlace development has closed and moved to Mid City. Richard Preis, who is developing the high-rise condominium tower on the Mississippi River, says he’s still working on the project. “We’re trying to save expenses,” Preis says. “We’re not going away.” By shutting down the sales and marketing office at the corner of Third and Laurel streets, Preis says he’s saving $5,000 a month in rent.
Changing hands: A 36-unit apartment complex in Scotlandville has been sold for $1.1 million. Baton Rouge-based BMW Holdings bought the Rose Garden apartments on Rosenwald Road in a deal that was filed Wednesday. The complex was built in 1978. A group of Slidell attorneys, doing business as Big Bopper II, had owned the complex.
Bigger Bronco: Bronco Fabrication and Manufacturing has signed a long-term lease for a 52,000-square-foot warehouse in Prairieville, a move that will lead the company to hire about 100 more workers over the next several years. Bronco, which provides pipe and vessel fabrication for EXCEL Group, will retrofit and equip the warehouse off La. Highway 621. The building is close to EXCEL’s headquarters on Airline Highway.
