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goofball
LSU Fan
Member since Mar 2015
5365 posts

Resurgence of Broadmoor and Government Street luring some RE investors to Florida Blvd
quote:

Some see potential in a Florida Boulevard rebirth

Business Report


quote:


Several real estate brokers see potential where others see mostly used tire stores, and believe there are plenty of opportunities along Florida Boulevard for investors and tenants alike—even without a major land use plan for redevelopment.

Among them is Andy McCall, a principal of Momentum Commercial Real Estate, who recently acquired one of Florida Boulevard’s biggest eyesores—the former Borden’s Dairy headquarters building just west of the Foster Drive intersection.


quote:

“There’s plenty of space,” he says. “From Florida you can only see the white building but there’s a lot of infrastructure in the back, pieces of the old production facility that could have value. It needs significant renovation and partial demolition at a minimum. But we’ve already had people talking to us.”


quote:

Beyond the Borden’s site, McCall and others point to several other positive aspects of Florida Boulevard. Among them:

• The majority of the property fronting Florida from the river to Airline Highway is zoned commercial, which allows for a lot of flexibility.

• There’s a large pocket zoned M1, or light industrial, near the intersection of Foster Drive. It’s one of the larger industrially zoned areas to be so centrally and conveniently located.

• There are plenty of good bargains, given the lower land cost, central location and accessibility.

• It’s near Government Street, which has enjoyed a considerable renaissance of late and has seen property values skyrocket.

Justin Langlois, a commercial broker with Stirling Properties, also describes himself as a fan of Florida. The key, he says, is to find the right users. “There is functional obsolesence everywhere,” he says. “But there are well-built buildings on Florida and you’ve seen some redevelopment. I think you’ll see more.”


quote:

Langlois points to the success, in particular, of the Broadmoor Shopping Center, which was redeveloped several years ago and is now home to a Hi Nabor Supermarket and a Planet Fitness. Earlier this spring, three outparcels of the development sold—one to McDonald’s, which is relocating an older restaurant on Florida Boulevard to a new one at the new location, a Discount Tire outlet, and an urgent care clinic.

“If I had five more outparcels I could sell them all,” says Langlois, who attributes the relative health of the Broadmoor Shopping Center to a renewed interest in the nearby Broadmoor subdivision.


I thought I'd gather opinions from the highly pessimistic experts of the OT on the largely ignored highway in Baton Rouge:

quote:

Broker Jim Allen with Saurage Rotenberg hasn’t had as much luck. For more than three years, he’s been trying to sell the vacant eight-story office building on Florida between Sharp and Sherwood Forest that was formerly the headquarters building of Blue Cross and Blue Shield of Louisiana.

The mid-century modern mid-rise has more going for it than it might appear at first glance: It was designed by renowned architect A. Hays Town, is eligible for historic building tax credits, and features amenities like slate floors and an eighth-floor, walnut-paneled board room. Asking price for the 102,000-square-foot building has been reduced again, and is currently $2.2 million or just $21 per square foot.


There's unfortunately a really shitty apartment building next door to the A Hays Town mid rise.
This post was edited on 5/23 at 11:38 am


Mike da Tigah
Anywhere but here
Member since Feb 2005
49807 posts
 Online 

re: Resurgence of Broadmoor and Government Street luring some RE investors to Florida Blvd
I feel like I’m reading a sales pitch. When’s the close?



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221
Bard
LA-Monroe Fan
Tigerdroppings Platinum Member
Member since Oct 2008
33041 posts

re: Resurgence of Broadmoor and Government Street luring some RE investors to Florida Blvd
1. Florida needs to have its extra lanes extended to at least the Amite, if not all the way into Denham Springs.

2. Any new and swanky businesses that open along the north side of Florida will need to pay extra for security.

The moronic shrinking of Government will undoubtedly push more traffic back to Florida, I think it's a bit too early to believe that traffic will equate to enough business to support that rosy view.


whoa
New Orleans Saints Fan
New Orleans
Member since Sep 2017
853 posts

re: Resurgence of Broadmoor and Government Street luring some RE investors to Florida Blvd
So I should start buying the cheap arse homes North of Florida Blvd now before gentrification happens.


goofball
LSU Fan
Member since Mar 2015
5365 posts

re: Resurgence of Broadmoor and Government Street luring some RE investors to Florida Blvd
quote:

1. Florida needs to have its extra lanes extended to at least the Amite, if not all the way into Denham Springs.


I think they need to get rid of the service roads, then move the Florida Blvd lanes to the far edge of the right of way, leaving a wide green space for a median.

And widen it to 6 lanes ALL THE WAY to Denham.
This post was edited on 5/23 at 11:42 am


Bard
LA-Monroe Fan
Tigerdroppings Platinum Member
Member since Oct 2008
33041 posts

re: Resurgence of Broadmoor and Government Street luring some RE investors to Florida Blvd
quote:

So I should start buying the cheap arse homes North of Florida Blvd now before gentrification happens.


I think gentrification northward becomes more of a possibility as expansion south or east becomes less of an option due to increasing traffic on inadequate highways. It's primarily not flood prone and it's close to downtown and Exxon. The main problem is there's no adequate barrier to push the criminal/homeless element back behind.

Imagine, for example, if Gus Young ran all the way to 110 and it was lined with sound barrier walls (like the south side of Boccage) all the way up Greenwell Springs to Airline or there was a massive drainage canal between the opposing lanes. This area would be ripe for gentrification because of cheap land that provides far quicker access for downtown and Exxon employees than living out in Denham or P-ville and there would be a physical barrier making it more difficult for criminals/homeless to meander into the area.

But that's not the reality we have.


Jim Rockford
LSU Fan
Member since May 2011
70245 posts
 Online 

re: Resurgence of Broadmoor and Government Street luring some RE investors to Florida Blvd
quote:

used tire stores, 


This is a thing?


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15
Bard
LA-Monroe Fan
Tigerdroppings Platinum Member
Member since Oct 2008
33041 posts

re: Resurgence of Broadmoor and Government Street luring some RE investors to Florida Blvd
quote:

I think they need to get rid of the service roads, then move the Florida Blvd lanes to the far edge of the right of way, leaving a wide green space for a median.

And widen it to 6 lanes ALL THE WAY to Denham.


I'm ambivalent to the service roads. I see the utility of them, but putting in so many fricking blockages that people are eventually forced off of them hampers their potential.

Ideally the 6-laning would include all sections from 110 all the way to Denham. I would also like to see Florida replacing some traffic lights with overpasses (specifically at Sherwood, Foster and Acadian). While I'm at it I might as well dream for unicorns to be real and that I'm a billionaire.


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whoa
New Orleans Saints Fan
New Orleans
Member since Sep 2017
853 posts

re: Resurgence of Broadmoor and Government Street luring some RE investors to Florida Blvd
I think it's slowly creeping into Old South BR, past LSU & down Highland/Nicholson.


Crucial Taunt
LSU Fan
Member since Nov 2016
191 posts

re: Resurgence of Broadmoor and Government Street luring some RE investors to Florida Blvd
I think north of Florida still has too many issues but in between Florida and Government from downtown to lobdell still has areas that are cheap and gentrification is creeping up on them


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11
Bard
LA-Monroe Fan
Tigerdroppings Platinum Member
Member since Oct 2008
33041 posts

re: Resurgence of Broadmoor and Government Street luring some RE investors to Florida Blvd
quote:

I think it's slowly creeping into Old South BR, past LSU & down Highland/Nicholson.


It has been creeping down that way. What's interesting is that there is some slow gentrification coming from downtown southward along Nicholson but I don't know that it will go much beyond the bridge though.

Kip pushed an economic development zone along the Nicholson corridor when they were trying to create some sort of transportation line between LSU and downtown (to make downtown a destination for students) but the transportation part never came to fruition, I have no idea if any other elements are in play.

I think a lot of the remaining hope for that area is growth from LSU (which has been blowing up Burbank).


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Beef Supreme
LSU Fan
Member since Apr 2008
1186 posts

re: Resurgence of Broadmoor and Government Street luring some RE investors to Florida Blvd
Lol at anyone who thinks Florida Blvd can be turned into this nice, fun, area with restaurants and shops. No way. They can make it nicer no doubt, but someone is going to lose their arse trying to force a market that's just not going to show up. Government St made sense because you already had some nice houses and neighborhoods close by, Our Lady of Mercy, Catholic High, Baton Rouge High, cross streets like acadian, goodwood, jefferson... it just had more there than Florida does. But I even think the Government St gentrification is going to fall flat in a few years.


Kujo
LA-Lafayette Fan
Member since Dec 2015
4079 posts

re: Resurgence of Broadmoor and Government Street luring some RE investors to Florida Blvd
quote:

“There’s a tremendous undersupply of affordable housing and senior housing,” he says. “There are opportunities there. But someone is going to have to dip their toe in first.”


Tremendous? I see abandoned homes er'where.

I must be missing something


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11
Motorboat
LSU Fan
At the camp
Member since Oct 2007
19013 posts

re: Resurgence of Broadmoor and Government Street luring some RE investors to Florida Blvd
huge difference between florida near foster and florida near sharp. That difference is Mid city


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30
cypresstiger
LSU Fan
The South
Member since Aug 2008
3813 posts

re: Resurgence of Broadmoor and Government Street luring some RE investors to Florida Blvd
widen Fla blvd to 6 lanes ALL THE WAY to Denham.

—-Add an extra lane eastbound to accommodate all the folks permanently leaving BR


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11
Rock the Casbah
Member since Dec 2014
399 posts

re: Resurgence of Broadmoor and Government Street luring some RE investors to Florida Blvd
article is BS. instead of putting sidewalks they need to change Florida to an expressway.

might pull some traffic off the interstate.


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40
Modern
Houston Astros Fan
État de Louisiane
Member since May 2011
14202 posts

re: Resurgence of Broadmoor and Government Street luring some RE investors to Florida Blvd
Who in the hell approved the Government st shrinking?!?!?!?!?


jbgleason
LSU Fan
BTR, suck it all you haters
Member since Mar 2012
11780 posts

re: Resurgence of Broadmoor and Government Street luring some RE investors to Florida Blvd
That’s all on Mayor Doom.


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41
udtiger
LSU Fan
Louisiana
Member since Nov 2006
57411 posts

re: Resurgence of Broadmoor and Government Street luring some RE investors to Florida Blvd
quote:

There's unfortunately a really shitty apartment building next door to the A Hays Town mid rise.


I also believe there are (or, at least, there were) some structural issues due to subsurface shifting.


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10
shutterspeed
Arkansas State Fan
MS Gulf Coast
Member since May 2007
47493 posts

re: Resurgence of Broadmoor and Government Street luring some RE investors to Florida Blvd
Call me when the Braodmoor Theater, Fun Fair Park, and Chi Chi's reopen.


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