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April 23, 2014

Audubon Park Apartment Homes LLC—represented by George Walker III—has purchased approximately 13.5 acres off La. 64, just west of Old Scenic Highway in Zachary, for about $1.3 million, suggesting the first phase of the previously announced 50-acre Mt. Pleasant development may be getting underway. As detailed in plans submitted to the East Baton Rouge Planning and Zoning Commission in 2011, Mt. Pleasant includes three phases, the first of which includes a multifamily apartment complex on a 13.5-acre tract, complete with 12 two-story and three-story apartment buildings as well as a 3,600-square-foot clubhouse, fitness center, business center and swimming pool. City-parish officials say they have not received any further development plans or applications regarding the project since 2011, but the Audubon Park Apartment complex is listed as a proposed development in the multifamily section of the report for this year's TRENDS in Real Estate Seminar, which describes the project as a 182-unit upscale/luxury market-rate complex expected to complete construction within the next year. Later phases of the Mt. Pleasant project include 17 acres of commercial and office development, 8.5 acres of single-family residential, and 11 acres of common area. The seller in the Audubon Park land deal was Heritage Acquisition Company LLC, also represented by George Walker III, who could not be reached for comment on the deal.

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