Landmark Properties to Develop $50M Student Luxury Housing
By Eliza Theiss, Associate Editor
There’s more luxury student housing on its way to Baton Rouge. Athens, Ga.-based Landmark Properties has received the East Baton Rouge Parish Planning and Zoning Commission’s approval—the last OK needed—to develop its $50 million luxury multifamily property near the LSU campus, according to a report by The Advocate. The 274-unit luxury property, dubbed The Standard at Baton Rouge, is expected to break ground in the spring and could open in August 2014.
Upscale amenities will abound at the property, including a rooftop pool, three interior courtyards and onsite parking. Although most area residents and businesses welcome the project, developers have expresses their desire to address the concerns of reluctant residents.
According to the Greater Baton Rouge Business Report, The Standard will be developed on a 4.5-acre block bounded by West Chimes, Alaska, Aster and Iowa streets, right on the edge of Louisiana State University’s campus and Nicholson Drive and its planned overhaul (read more about it here).
The 750,685-square-foot project includes a six-story parking garage, five-story apartment building, 1,000-square-foot leasing office as well as a ground-level pool, in addition to the rooftop pool. The Standard will comprise 36 one-bedroom units, 81 two-bedroom bedroom units, 33 three-bedroom units, 80 units with four bedrooms and 44 five-bedroom units.
According to The Times-Picayune, Williams and Associates is representing Landmark. The company, also based in Athens, Ga. offers civil engineering, surveying, economic development, planning and landscaping and development consultation services and is heavily involved in the development of a similar projects including The Standard of Athens, near the University of Georgia. The Standard of Athens comprises 190 units totaling 610 beds and amenities such as a clubhouse, fitness center, infinity rooftop pool and outdoor community spaces.
For further Baton Rouge market data, click here
Image credits: Williams and Associates