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Started By
Message
re: Trahan unveils plans for high-rise luxury condos on downtown Baton Rouge riverfront
Posted on 10/25/18 at 8:02 pm to TROLA
Posted on 10/25/18 at 8:02 pm to TROLA
quote:
Cost 50 million.. selling 23 units for 2-2.5 million... where exactly is the profit?
In NYC, maintenance fees (equivalent of hoa’s Here).
0
Posted on 10/25/18 at 8:02 pm to TigerRob20
They have a few of these plans for Nola. The lot at Annunciation and the bridge has been through two different developers trying to build a similar building. 600k for a mid level unit. Can’t believe the building near Rouse’s in the CBD was built. Although I respect valuations and people’s idea of build it and they will come, Nola has a much stronger (likelyhood of selling) market for 2mm+ than BR. *those 2mm+ homes have address in the LGD or are facing Audubon Park, not the shitty Crescent Tower.
Posted on 10/25/18 at 8:06 pm to TigerRob20
Who in their right mind would buy a 2 million dollar apartment in fricking Baton Rouge
Posted on 10/25/18 at 8:10 pm to Jack Daniel
Thanks. Your congratulations was just what I was missing today.
Posted on 10/25/18 at 8:18 pm to BottomlandBrew
Posted on 10/25/18 at 8:19 pm to kingbob
The building takes up the entire lot. No parking.
Each floor is 2100 square feet.
Deduct stairwells, elevator shafts, duct shafts, plumbing chases, etc., how much living space will be left?
1700 square feet perhaps?
1700 square foot of living space with no parking!!!
Each floor is 2100 square feet.
Deduct stairwells, elevator shafts, duct shafts, plumbing chases, etc., how much living space will be left?
1700 square feet perhaps?
1700 square foot of living space with no parking!!!
Posted on 10/25/18 at 8:23 pm to TigerRob20
I hear UGA fans are gobbling them up.
Posted on 10/25/18 at 8:30 pm to TigerRob20
Hope the developer can also find some "sophisticated" parking, to meet the demands of his well heeled future tenants...lol
Posted on 10/25/18 at 8:34 pm to doubleb
Des Moines, IA
Winston Salem, NC
Little Rock, AR
:max_bytes(150000):strip_icc()/GettyImages-164333870-5a51308ab39d0300373d1d6f.jpg)
Baton Rouge is more populated than these three cities and yet they have a much nicer looking skyline/downtown
Winston Salem, NC
Little Rock, AR
Baton Rouge is more populated than these three cities and yet they have a much nicer looking skyline/downtown
Posted on 10/25/18 at 8:35 pm to Rendevoustavern
quote:Those new buildings at South Market seem to be doing well , many at $1mm +. A nicely done unit at One River Place is $2mm+ and if recently renovated they sell quickly.
They have a few of these plans for Nola. The lot at Annunciation and the bridge has been through two different developers trying to build a similar building. 600k for a mid level unit. Can’t believe the building near Rouse’s in the CBD was built. Although I respect valuations and people’s idea of build it and they will come, Nola has a much stronger (likelyhood of selling) market for 2mm+ than BR. *those 2mm+ homes have address in the LGD or are facing Audubon Park, not the shitty Crescent Tower.
Posted on 10/25/18 at 8:36 pm to Paul Allen
It seems like when something is built downtown it's always a 4-6 story building for some reason.
Posted on 10/25/18 at 8:36 pm to fallguy_1978
Exactly. It’s really odd.
Posted on 10/25/18 at 8:41 pm to Paul Allen
Positive it will cost more than $50MM. It won’t work on that price of property / needs more than 1 unit per floor to be feasible in our market - architect does not equal “business man”
Posted on 10/25/18 at 8:55 pm to Paul Allen
Winston Salem has a larger population than BR, Des Moines is close and Little Rock is about 30,000 less.
Posted on 10/25/18 at 8:56 pm to TigerRob20
The rendering left out the Trahan signature exposed PVC pipe.
Posted on 10/25/18 at 9:59 pm to fallguy_1978
They build it short enough so you can’t see scotlandville from the top floor
Posted on 10/25/18 at 10:06 pm to EA6B
quote:
There are currently 20 for sale over 2 million that are being advertised, there are others that will not be on the MLS, the Baton Rouge market is always underestimated.
For sale and sold are very different things
Posted on 10/25/18 at 10:08 pm to TigerRob20
Oh good. More bullshite that Trahan draws up that never happens.
Posted on 10/25/18 at 10:09 pm to PetroBabich
quote:
For sale and sold are very different things
They sell and sell quickly. BR market moves.
Posted on 10/26/18 at 6:17 am to TigerRob20
quote:
TigerRob20
Is that a new avatar?
Who is the fine lady...
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