Real estate recap: DSLD buys 52 lots off Coursey for $2.5 million … RDA transfers properties for development … CB&I to take over former State Farm building at Towne Center
Down in the Grove: Denham Springs-based DSLD Homes has purchased an 11.49-acre plot off Coursey Boulevard in Parkview Oaks subdivision from DAGR for $2.47 million for a new subdivision called Hidden Grove. Saun Sullivan, a partner with DSLD, tells Daily Report the company plans to start selling the 52 lots on-site, which measure 50 feet by 120 feet, in about a month and a half. Sullivan says DSLD will build garden homes in the subdivision, but adds that the company has not yet decided on a price range or approximate square footage. He says the homes will be similar to those in Magnolia Lakes off of Burbank Drive, another DSLD project. Read the full story.
Read for development: The East Baton Rouge Redevelopment Authority Board of Commissioners last week approved property transfers for three real estate developments. The cost to the developers will be either the appraised value of the lots or the cost of clearing the titles, whichever is greater, explains RDA Vice President Mark Goodson. The properties, which were adjudicated properties transferred to the RDA by the Metro Council, are to be purchased by the following entities: Invictus Properties & Holdings; Circa 1857; and the Society of St. Vincent de Paul. Daily Report has the full story.
Moving in: The 66,000-square-foot building at Towne Center that was formerly home to State Farm will be leased by CB&I, with some employees expected to move in by the end of the month. CB&I spokeswoman Gentry Brann says the building will accommodate as many as 200 employees and will be home to CB&I's federal services business unit. "Our centralization plans are moving forward," says Brann via an email to Daily Report, referring to CB&I's plan to consolidate 400 jobs in Baton Rouge from other locations throughout the U.S. "We have employees beginning the relocation process now, though these things take time. We are also continuing to hire locally and have current available positions posted on our website."
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