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Is the area south of LSU being overdeveloped?
Posted on 11/26/19 at 6:29 pm
Posted on 11/26/19 at 6:29 pm
So many new apartments and strips and it just doesn't seem feasible. The most recent apartment boom took place at a much higher rate than LSU's enrollment did. Thus, the trash from outside moved in to nicer places, and I assume much higher vacancies.
The amount of strip malls grew as well. The strip with Mr. Ronnie's and the one next to it have to be like 20% full. The Rouse's development has been slow (although Rouses has been very busy), and the restaurants they put in there seem to have no business. Benny's just opened up and has double the amount of employees for every car there.
Don't get me wrong, I like to see the development and they are pretty decent developments, but there's no way this is sustainable without the influx of the "non-LSU" crowd right?
The amount of strip malls grew as well. The strip with Mr. Ronnie's and the one next to it have to be like 20% full. The Rouse's development has been slow (although Rouses has been very busy), and the restaurants they put in there seem to have no business. Benny's just opened up and has double the amount of employees for every car there.
Don't get me wrong, I like to see the development and they are pretty decent developments, but there's no way this is sustainable without the influx of the "non-LSU" crowd right?
7
Posted on 11/26/19 at 9:40 pm to NorceauxTigerFan
Reminds me of Athens, Ga.
Someone can correct me if I'm wrong, but I don't think uga has gone nuts with increasing enrollment in the last 5 years but since I graduated from there with my post grad degree there have been at least 3 brand new and absolutely MASSIVE apartment complexes built downtown.
Rents were already way cheaper than BR's apartments when I was there for undergrad, and now the supply has increased by at least a few thousand beds.
Someone can correct me if I'm wrong, but I don't think uga has gone nuts with increasing enrollment in the last 5 years but since I graduated from there with my post grad degree there have been at least 3 brand new and absolutely MASSIVE apartment complexes built downtown.
Rents were already way cheaper than BR's apartments when I was there for undergrad, and now the supply has increased by at least a few thousand beds.
Posted on 11/27/19 at 9:19 am to JohnnyKilroy
quote:
Reminds me of Athens, Ga.
And Tuscaloosa. And Auburn.
It's a trend in almost every college town.
Posted on 11/27/19 at 9:45 am to NorceauxTigerFan
I'd say the retail in the Arlington Trace area is more just catching up to the apartment boom. That stretch down Lee seems to have plenty of traffic and people to keep places going. I think those places opening up also had a hand in shutting down the restaurants further down Lee past Highland.
Posted on 11/27/19 at 9:48 am to NorceauxTigerFan
quote:
Thus, the trash from outside moved in to nicer places, and I assume much higher vacancies.
Funny how you perceive the non-students as “trash”. That’s odd—most people consider the student occupancy as the trashy aspect. I don’t see many professionals or families clamoring to live in complexes or neighborhoods dominated by students.
Posted on 11/27/19 at 10:19 am to NorceauxTigerFan
I graduated in 2013 and it looks like a totally different place since I left.
Posted on 11/27/19 at 10:28 am to The Spleen
quote:
It's a trend in almost every college town.
I don't think people realize the scope of the situation with the federal student loans programs. Anybody can get money to go to college, and that includes housing cost. Developers realize this and sink money into these new complexes. It just doesn't seem sustainable.
Posted on 11/27/19 at 10:30 am to NorceauxTigerFan
Yes. Too many new apartments were built. It crushed Tiger Land. Only use for tigerland apartments now is Section 8.
BR Multifamily Overbuilt
Vacancy rates nearly 20% in that area.
BR Multifamily Overbuilt
Vacancy rates nearly 20% in that area.
Posted on 11/27/19 at 2:05 pm to NorceauxTigerFan
The Rouses shopping center is great for the area. I think there are only one or two vacancies in the shopping center.
Some of the other strip malls on Lee and Brightside are struggling though. I’ll never understand why people think its a good idea to build a small strip mall and think it’ll magically be filled once its finished being built.
Too many massive apartment complexes were built in that area though.
Some of the other strip malls on Lee and Brightside are struggling though. I’ll never understand why people think its a good idea to build a small strip mall and think it’ll magically be filled once its finished being built.
Too many massive apartment complexes were built in that area though.
Posted on 11/27/19 at 7:44 pm to lsu13lsu
quote:
Between 2010-2018, more than 8,900 student beds have been added to the university submarket, including the new LSU-owned Nicholson Gateway complex, which is on campus. That far exceeds the increase in student enrollment during the same period, which is about 1,290.
Damn
Posted on 11/27/19 at 7:53 pm to NorceauxTigerFan
Yes I’ve been saying this for a while. That area is going to turn into a shite hole.
The north side of LSU is the future.
The north side of LSU is the future.
Posted on 11/28/19 at 8:49 pm to The Boat
quote:
Yes I’ve been saying this for a while. That area is going to turn into a shite hole.
The north side of LSU is the future.
I've always said if TOPS ended that whole area would become Section 8 within a year. It looks like I was wrong and the Section 8'ing will start because it's being overbuilt. Maybe they'll rename it Gardere West?
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