Indigo Park Apartments set to expand
The Indigo Park Apartment Homes complex at Gardere Lane and Nicholson Drive is set to expand by about 75 units, mostly one-bedrooms, according to Jeff Stevens, owner of UDC Global, which has a majority stake in the property, including 10 vacant acres to the west.
"The complex was designed to be condominiums, which resulted in some really nice apartments. When you do that, you end up with a higher mix of two- and three-bedrooms," he says. "We have a nice stable residency from the petroleum industry and the medical industry in Baton Rouge that, as you know, continue to grow."
Stevens says the new units will be in the same style as the rest of the 330 apartments, priced between $800 and $1,650. Plans also call for retail to be built at the edge of the vacant land. Stevens says the apartment expansion is in the planning process, while retailers are being courted to "ring" the development along Nicholson in anticipation of Pinnacle Entertainment's riverboat casino resort nearby.
"As users discover the growth in this area and once the casino breaks ground, that will get people confidence," Stevens says.
He hopes to break ground on the apartments by year's end.
— Todd R. Brown, BusinessReport.com |