Shreveport developer buys land at Perkins Rowe for multifamily complex

Shreveport-based Vintage Realty has acquired a 20-acre tract adjacent to Perkins Rowe for $6.5 million and will begin developing its planned 334-unit multifamily complex on the site early next year. Vintage bought the property in a deal that closed earlier today from First State Bank in New Orleans, which was among the original banks in the consortium of lenders on the Perkins Rowe project. The complex will be called Park Rowe Village, a change from its originally planned name, The Woodlands. “The development will tie in through Park Rowe, which is the main road that comes into Perkins Rowe, so we thought this name made more sense,” says David Alexander, managing partner of Vintage Realty, which has 11 other residential developments around the state. As first reported by Daily Report in July, Vintage submitted plans with the city-parish featuring an “e-Urban” design and including 164 one-bedroom units, 150 two-bedroom units and 23 three-bedroom units. Among other space-saving elements, the e-Urban design by Humphreys & Partners Architects of Dallas replaces traditional hotel-style hallways with elevators as the backbone of an apartment building. —Stephanie Riegel