BusinessReport.com

Contracts have been signed for 115 of the 165 condominium units in the Crescent, the $80 million development on Stanford Avenue across University Lake from LSU. Brian Dantin of Wampold Companies, who is serving as the every-day developer of the Crescent, says closings have been held for 106 units and a few more are under contract. Dantin says only about eight or 10 of the contracts have been lost, and those were some of the better units in terms of location. "We're concentrating on selling those last 50 units," he says. Most of what remains is one- and two-bedroom units starting in the $300,000 range. The Crescent opened this spring. As far as tenants, it's about evenly split between full-time residents and people who want a unit for LSU events. While there is talk of building a second phase, Dantin says Wampold Companies is concerned with finishing off the sales there, then moving on to other bigprojects, such as the II City Plaza office building now under construction downtown and the Marriott Renaissance Hotel planned for Bluebonnet Boulevard.—Timothy Boone