{"id":1004066601,"date":"2013-02-01T21:15:41","date_gmt":"2013-02-02T05:15:41","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=99508"},"modified":"2025-02-19T03:43:20","modified_gmt":"2025-02-19T11:43:20","slug":"182-unit-multifamily-complex-planned-lsu-foundation-considers-new-hq-at-nicholson-gateway","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/182-unit-multifamily-complex-planned-lsu-foundation-considers-new-hq-at-nicholson-gateway\/","title":{"rendered":"182-Unit Multifamily Complex Planned, LSU Foundation Considers New HQ at Nicholson Gateway"},"content":{"rendered":"<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<p>Zachary, La. might see some new multifamily development in the near future, as a permit application has been filed for a 182-unit apartment complex between Barsket Road and Bur Oak Drive, on Mount Pleasant Zachary Road, reports <a href=\"https:\/\/theadvocate.com\/news\/business\/5046674-64\/apartments-planned-on-mt-pleasant\" target=\"_blank\" rel=\"nofollow noopener\"><em>The Advocate<\/em><\/a>. Owner Heritage Construction plans to build a 12-building apartment community featuring one-, two- and three-bedroom units and amenities such as a clubhouse and a car wash stall. Cost are estimated at $14.5 million<\/p>\n<p>In other news, the Louisiana State University (LSU) Foundation is considering building a <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/lsu-nicholson-drive-redevlopment-plan.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-99510\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/lsu-nicholson-drive-redevlopment-plan.png\" alt=\"\" width=\"256\" height=\"300\" \/><\/a>new headquarters within the Nicholson Drive Corridor redevelopment project. According to the <a href=\"https:\/\/www.businessreport.com\/daily-report\/AM\/2012013\/LSU_Foundation_may_build_new_headquarters#axzz2JfOUUdRM\" target=\"_blank\" rel=\"nofollow noopener\"><em>Greater Baton Rouge Business Report<\/em><\/a>, LSU Foundation representatives are considering the move as not only is the Foundation\u2019s current lease at the Lod Cook Alumni Center on West Lakeshore Drive providing insufficient space, but a new HQ would also provide space for LSU Press and University Relations currently housed in separate structures among sorority houses. A move could also free up space for one or possibly even two new sororities. The new location would be part of the Nicholson Gateway redevelopment project and would take up 149,250 square feet of office space near the old Alex Box Stadium.<\/p>\n<p>As previously reported on this page, LSU is considering the redevelopment of the Nicholson Drive Corridor, a project that could cost between $140 million and $200 million and create an estimated 130,000 square feet of retail, 110,000 square feet (or more) of office space, surface parking and about 1,200 rental student residences. Expanding a streetcar line to the area has also been brought up in some instances. The project, expected to soon go before the LSU Board of Supervisors might break ground as early as 2014, with the first phase completing in 2015 and the entire project wrapping up in 2018. LSU might undertake the project on its own, or enter into a partnership with a foundation or private developer.<\/p>\n<p>Los Angeles, CA-based AECOM, a global provider of professional technical and management support services helped in creating the redevelopment plan, after public and stakeholder meetings.<\/p>\n<p><em>Image courtesy of LSU\u2019s Facebook page<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Zachary, LA might see some new multifamily development in the near future, as a permit application has been filed for a 182-unit apartment complex between Barsket Road and Bur Oak Drive, on Mount Pleasant Zachary Road<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004066601","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. She has also contributed extensively to CommercialEdge. 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