Real Estate recap: B.R. has highest average home price of all La. college towns … Mike Anderson's eyes rebuild but loses holiday business … Sears facility to move from B.R. to Gonzalez
Collegiate comparison: The average price for a three-bedroom, two-bath home in Baton Rouge is higher than in any other college town in Louisiana—but in the middle of the pack nationally—according to the 2011 College Home Listing Report by Coldwell Banker Real Estate. Baton Rouge ranks 73rd most affordable on the list, with an average home price of $194,518. Lafayette ranks 62nd, with a $183,793 average; New Orleans is 53rd, at $176,412; and Ruston is 27th, at $150,121. Monroe ranks highest on the list among Louisiana's college towns—22nd—with an average of $147,372. See the full list here.
After the fire, the fire still burns: There are plans for Mike Anderson's Seafood to be rebuilt following an early morning fire on Dec. 13—suspected to be arson—that has shuttered the popular restaurant on West Lee Drive. But a complete rebuild will likely take months, says business manager Lynn Juban, meaning the restaurant will be closed during one of the busiest times of the year, while dozens of holiday parties and other private events will have to be rescheduled elsewhere. Around the holidays, he says, there are typically three large private events held in the banquet room every day. At the moment, there's no way to estimate revenue losses, but Juban says it's going to be "pretty dramatic."
Further on down the road: A Sears facility handling home deliveries and online ordering services is relocating from a 75,000-square-foot warehouse in Baton Rouge to a 23,000-square-foot facility in Gonzales, says Mark Hebert of Kurz & Hebert Commercial Real Estate, agent on the deal. The new facility will be located at 810 Hwy. 30, suite F. Picou Brothers Construction is doing the build-out on the new space, Hebert says, which is located next to the Ashley Furniture Homestore. Construction is expected to be complete at the end of January. The vacated warehouse at the intersection of Choctaw Drive and Greenwell Springs Road—which sits on 4.3 acres—will be put on the market soon; a price for the property has not yet been determined.
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