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Future of Fairhill/Springlake Area in Baton Rouge
Posted on 2/4/09 at 8:00 pm
Posted on 2/4/09 at 8:00 pm
Frequent reader but rare poster here...
What is everyone's opinion on property value in the Bluebonnet Highlands area (Fairhill and Springlake subdivisions - off of Bluebonnet between Nicholson and Burbank)?
I've heard there is supposed to be a new Walmart being built in the empty field on the corner of Bluebonnet and Burbank. Does anyone know if it's supposed to be a Super Walmart or a neighborhood Walmart (grocery store only)? I don't think a neighborhood Walmart would affect property value much, but a Super Walmart might bring a crowd with it that would make the area less desirable.
The other big thing coming in that area is Pinnacle casino. My first thought was that the casino would reduce property value, but I've heard some talk that they would clean up some of the nearby questionable areas - maybe increasing property value.
Any Baton Rouge realtors or property owners have some thoughts?
What is everyone's opinion on property value in the Bluebonnet Highlands area (Fairhill and Springlake subdivisions - off of Bluebonnet between Nicholson and Burbank)?
I've heard there is supposed to be a new Walmart being built in the empty field on the corner of Bluebonnet and Burbank. Does anyone know if it's supposed to be a Super Walmart or a neighborhood Walmart (grocery store only)? I don't think a neighborhood Walmart would affect property value much, but a Super Walmart might bring a crowd with it that would make the area less desirable.
The other big thing coming in that area is Pinnacle casino. My first thought was that the casino would reduce property value, but I've heard some talk that they would clean up some of the nearby questionable areas - maybe increasing property value.
Any Baton Rouge realtors or property owners have some thoughts?
4
Posted on 2/4/09 at 9:03 pm to JustinTI
It's going to be a Super Walmart. I live in Pville and when the new Walmart came everyone was worried about property values. I don't believe property values have been that effected. If anything the Walmart has made it slightly more desireable. Now people don't have to go all the way to Gonzales or the Seigen Walmart. I have been told that if you can see the parking lot lights from your house, it may reduce your property value.
Posted on 2/4/09 at 10:34 pm to JustinTI
quote:
I've heard there is supposed to be a new Walmart being built in the empty field on the corner of Bluebonnet and Burbank. Does anyone know if it's supposed to be a Super Walmart or a neighborhood Walmart (grocery store only)? I don't think a neighborhood Walmart would affect property value much, but a Super Walmart might bring a crowd with it that would make the area less desirable.
I don't and wouldn't want a Wal-Mart by me. Sure, it would be convenient, but I don't mind driving 8 miles to get to the one I shop at.
I would say look at the O'Neal Lane Wal-Mart as an example, but O'Neal Place has gone to the shitter and right behind the BP Gas Station on O'Neal Lane is a bad drug area. South Harrels Ferry Road residents are up shite creek thanks to St. Jean in the Hood Apartments.
Posted on 2/5/09 at 7:21 am to JustinTI
I read that the Wal-Mart may be on the chopping block and may not happen because of them cutting back because of the economy.
Posted on 2/5/09 at 7:55 am to mtcheral
They are still building at a pretty good pace and are selling homes at around 140-145 per sqft with not a problem. I think the casino will help not sure about Walmart. Heard something about a Target coming to that area but further down Burbank.
Posted on 2/5/09 at 8:24 am to FriscoKid
Don't worry about it. This will still be a neighborhood that will hold its value no matter what. Look at the location and tell me where else in BR you can get a brand new house for under $250,000 located 5 mins from the mall of la, perkins rowe, LSU etc.
Of course I have lived in the neighborhood since 2003 and am extremely please with the 50% increase in value that I've seen since buying!
Of course I have lived in the neighborhood since 2003 and am extremely please with the 50% increase in value that I've seen since buying!
Posted on 2/5/09 at 8:34 am to Im4datigers
that wal-mart that was going in there has been shelved for the time being..there is another CVS going in across the street from Albertsons though.
Posted on 2/5/09 at 10:03 am to JustinTI
It depends on zoning. Commercial property values around casinos traditionally increase significantly. So do residential values if they permit high density development as the casino workers usually prefer to live proximate to their place of employment if housing is available.
Posted on 2/5/09 at 5:18 pm to Poodlebrain
Good thoughts all around. Thanks for the responses.
Posted on 2/6/09 at 8:10 am to JustinTI
Good topic. I bought a house in the area just over a year ago. I wasn't thrilled about the prospects of a nearby Walmart, and am glad to hear the store has been put on hold.
I do think there is positive development going in the area. Burbank is changing. The development on the corner of Lee and Burbank will help. Target, Lowe's and smaller retailers to my understanding.
Gardere area is a concern, because of the crime, but over time I think that area will be improved. If so, the Springlake area should be desirable, because as someone mentioned, the location is ideal. 5 minutes from Campus, 7 minutes from Downtown, 5 minutes to Perkins Rowe and the Mall.
I do think there is positive development going in the area. Burbank is changing. The development on the corner of Lee and Burbank will help. Target, Lowe's and smaller retailers to my understanding.
Gardere area is a concern, because of the crime, but over time I think that area will be improved. If so, the Springlake area should be desirable, because as someone mentioned, the location is ideal. 5 minutes from Campus, 7 minutes from Downtown, 5 minutes to Perkins Rowe and the Mall.
Posted on 2/6/09 at 9:54 am to MandevilleLSUTiger
Good read. There is a proposed subdivision between Highland and Burbank on the LSU side of this area. I think it might be on hold but I am keeping my eye on it if it is green lighted.
Posted on 2/6/09 at 10:28 am to Cash
What is the latest with the casino anyway? It's definitely still a go, correct (but when?)?
My wife and I heavily considering the newer construction on the Fairhills side. Anyone live over there? pros/cons?
My wife and I heavily considering the newer construction on the Fairhills side. Anyone live over there? pros/cons?
Posted on 2/8/09 at 11:07 am to gjackx
been living in fairhill since july last year. love it. very quiet. no crime i have heard of. thought that the walmart would be a neighborhood market oh well. hoping that burbank builds up nicely.
Posted on 2/10/09 at 6:54 pm to buford4LSU
Pinnacle filed for a 90 day extension before they decide what to do in the future. Spokesman said that they need to see what happens to the economy before they start a new multi-million dollar project.
From what I read on Business Report the Wal-Mart is supposed to be a neighborhood Wal-Mart and Taco Bell will be going up next to the Popeyes on Burbank sometime this year.
Also have heard that they may build a new school on Bluebonnet pass the neighborhood towards Nicholson. Hope thats true, it will def. improve property values.
From what I read on Business Report the Wal-Mart is supposed to be a neighborhood Wal-Mart and Taco Bell will be going up next to the Popeyes on Burbank sometime this year.
Also have heard that they may build a new school on Bluebonnet pass the neighborhood towards Nicholson. Hope thats true, it will def. improve property values.
Posted on 2/10/09 at 7:30 pm to tigersofbr24
I've been saying there needs to be a Taco bell there for years.
Posted on 2/10/09 at 7:48 pm to mtcheral
T Bell nice. Grande at 2am sweet
Posted on 2/11/09 at 8:48 am to buford4LSU
quote:
From what I read on Business Report the Wal-Mart is supposed to be a neighborhood Wal-Mart
the wal mart project is still on (WBRZ had it on last night) and it's going to be a super wal mart not the smaller neighborhood one
. as for the taco bell the old starbucks building that they just closed down would be a great location for it.This post was edited on 2/11/09 at 8:49 am
Posted on 2/11/09 at 4:41 pm to houstontyga
Oh well, I was still holding out hope for a neighborhood Walmart. I guess it won’t affect property values too much except for the homes very close to the Walmart. If that school project turns out to be true, I would imagine that it would easily offset any damage to property value the Walmart would cause.
Did the news report that you saw give a timeline for the project?
Did the news report that you saw give a timeline for the project?
Posted on 2/11/09 at 5:13 pm to JustinTI
Don't know about the Walmart.
Google "Longwood Village Baton Rouge". That will give you an idea on what is proposed to be developed on the open land between the homes and Nicholson.
If that happens, I would think that would mean good things for property values.
Google "Longwood Village Baton Rouge". That will give you an idea on what is proposed to be developed on the open land between the homes and Nicholson.
If that happens, I would think that would mean good things for property values.
Posted on 2/12/09 at 8:40 am to MandevilleLSUTiger
quote:
Did the news report that you saw give a timeline for the project?
they said by this time next year it should be almost completed
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