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Started By
Message
Developer just bought nearly an entire block in downtown Baton Rouge
Posted on 3/30/21 at 12:28 pm
Posted on 3/30/21 at 12:28 pm
One of the last larger parcels with a river view.
LINK
quote:
Engquist buys downtown riverfront lot from Bernhard for nearly $5.7M
Jim Bernhard has sold one of the last undeveloped tracts of downtown riverfront property to businessman and developer John Engquist for $5.68 million in a deal that closed Monday.
The 1.3-acre parcel is on River Road between Main and Laurel streets and is across Laurel from the luxury townhomes Engquist developed several years ago in a liner building adjacent to 525 Lafayette St.
Engquist says he bought the lot because of its long-term potential. He plans to develop the site into a residential or mixed-use property, though he says it’s too soon to discuss specifics.
quote:
“He’s busy and has a lot on his plate,” Engquist says. “I’ve been talking to him for some time about it. It’s just a great piece of property and I think there is an opportunity to do something there that will transform downtown Baton Rouge. It’s really unbelievable that a piece of property like that in an urban setting isn’t developed.
LINK
14
Posted on 3/30/21 at 12:31 pm to member12
IIRC, this is an open fricking hole in the ground caused by bulldozing the Advocate building when they moved off Siegen.
Funny to see the paper pushing downtown BR then bailing when they got the chance.
Funny to see the paper pushing downtown BR then bailing when they got the chance.
Posted on 3/30/21 at 12:32 pm to member12
quote:
$5.68 million
Over an acre of river front property in downtown is only $5.7m.
That's unreal.
Posted on 3/30/21 at 12:33 pm to CatfishJohn
quote:The SWB Effect
Over an acre of river front property in downtown is only $5.7m.
That's unreal.
Posted on 3/30/21 at 12:39 pm to CatfishJohn
quote:
Over an acre of river front property in downtown is only $5.7m.
That's unreal.
My thoughts too. That's sad.
Posted on 3/30/21 at 12:43 pm to teke184
quote:
IIRC, this is an open fricking hole in the ground caused by bulldozing the Advocate building when they moved off Siegen.
Bingo. The land needs work before it can be developed.
It's likely going to be something similar to the IBM property, with a hotel and some apartments; maybe office space if needed.
Posted on 3/30/21 at 12:44 pm to member12
Is that the parking lot? If they develop that, which is what it sounds like, that is going to frick up parking. I used that lot almost every time I went downtown.
Posted on 3/30/21 at 12:44 pm to member12
Tons of potential in this spot. It looks terrible as a parking lot at the moment. I’ll be interested to see if he builds a new headquarters down there.
Posted on 3/30/21 at 12:45 pm to Lickitty Split
quote:
I’ll be interested to see if he builds a new headquarters down there.
I heard rumors about Brown and Root wanting to lease space there.
Posted on 3/30/21 at 12:46 pm to red sox fan 13
quote:
quote:
Over an acre of river front property in downtown is only $5.7m.
With the pandemic, no one is building offices or hotels right now. And it looks like this was sold to a developer to eventually develop office space for the seller.
Posted on 3/30/21 at 12:48 pm to member12
quote:
Over an acre of river front property in downtown is only $5.7m.
i am surprised it went for that much honestly.
This post was edited on 3/30/21 at 3:09 pm
Posted on 3/30/21 at 12:48 pm to jbgleason
quote:
Is that the parking lot? If they develop that, which is what it sounds like, that is going to frick up parking. I used that lot almost every time I went downtown.
I'm sure it'll have a parking garage.
Posted on 3/30/21 at 12:49 pm to teke184
quote:
IIRC, this is an open fricking hole in the ground caused by bulldozing the Advocate building when they moved off Siegen.
Funny to see the paper pushing downtown BR then bailing when they got the chance.
I doubt they could afford to build a new structure on that site either way.
Posted on 3/30/21 at 12:50 pm to jbgleason
quote:
I used that lot almost every time I went downtown.
and to think, they didn't even consult you.
Posted on 3/30/21 at 12:50 pm to jbgleason
quote:
Is that the parking lot? If they develop that, which is what it sounds like, that is going to frick up parking.
Almost every new office building downtown has some kind of parking deck underneath or adjacent.
quote:
I used that lot almost every time I went downtown.
Download the spot hero app. It's a game changer.
Posted on 3/30/21 at 1:03 pm to member12
It is pretty wild that that spot has looked like an abandoned construction zone for atleast 10 years. BR needs some new buildings for the 'skyline.' Is that law about not being taller than the capitol still in place?
Posted on 3/30/21 at 1:05 pm to member12
quote:
It’s really unbelievable that a piece of property like that in an urban setting isn’t developed.
Is it?
Posted on 3/30/21 at 1:08 pm to member12
quote:
He plans to develop the site into a residential or mixed-use property, though he says it’s too soon to discuss specifics.
So he has no idea and hope that the Four Seasons comes and wants to build a hotel
Posted on 3/30/21 at 1:10 pm to BorrisMart
quote:450 feet is tall enough for BR.
It is pretty wild that that spot has looked like an abandoned construction zone for atleast 10 years. BR needs some new buildings for the 'skyline.' Is that law about not being taller than the capitol still in place?
Posted on 3/30/21 at 1:12 pm to tgrbaitn08
quote:
So he has no idea and hope that the Four Seasons comes and wants to build a hotel
Says the moron who has no clue who John Engquist is.
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