High Density Housing, 287,000 square feet of retail proposed for Nicholson Drive in BR.

If you think this seems random, you'd be right....except that this isn't far from where a lot of people are speculating that LSU's new 20,000 seat arena will go up.

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A mixed-use development is being proposed for a 22-acre stretch along Nicholson Drive.

Commercial Properties Realty Trust proposed rezoning the land from a planned unit development to a mixed-use development, according to an application filed with the Planning Commission.

The plans for the property are subject to approval by the Planning Commission, which is expected to consider the item at its June meeting.


The development would comprise 80 medium density units, 380 high density units, open space, and 287,000 square feet of commercial space. It is located north of Magnolia Mound Plantation along Garner Avenue and Oregon Street.

Commercial Properties acquired 63 properties on roughly 30 acres off Nicholson Drive last year.

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LINK


The developer has a history of cooperating with BRAC for things like the IBM building, Water Institute, CRPA, etc.

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CPRT has developed the The Water Campus and IBM office complex as well as luxury residential properties 525 Lafayette, OneEleven on Third Street, Onyx Residences and 200 Water Street. It is the real estate investment partner of BRAF and manages and develops properties on the foundation’s behalf.

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