Catylist ID: #30656220
River Park Property for Sale
Vacant Land for Sale
|Catylist Listing ID:||30656220|
|Property Subtypes:||Hospitality, Industrial, Multi-Family, Office, Retail, Retail-Pad, Vacation/Resort|
|Gross Land Area:||32.30 Acres|
|Unit Price:||$456,656 Per Acre|
|In Opportunity Zone?||Yes|
|Sale Terms:||Cash to Seller|
Overview / Comments
Rare opportunity to acquire a large development tract on the Mississippi River. Situated on high ground with no view obstruction from the levee, this incredible property is in the heart of Downtown Baton Rouge, directly across from the State Capitol Building, and immediately adjacent to Hollywood Casino Baton Rouge on the south. The offering is 32.3 acres of land with 1,846 linear feet of frontage on the Mississippi River.
The River Park Development concept gained approval for incredible density under an existing Planned Unit Development, centering around a 125,000 square foot Mississippi Riverfront entertainment district with both indoor and outdoor performance venues, a public park and board walk, and including a approximately 500 hotel rooms, 1,100 multi-family units, 400,000 square feet of retail space and up to 600,000 square feet of office space.
The phased development plans are incentivized by economic development zone designation, and a TIF, which was was secured in order to levee a 2% tax on anything sold on the property. Corp of Engineers permits had also been secured.
Phase I was the construction of a four-lane, interstate grade underpass that allowed unobstructed ingress & egress to the property, as access was previously obstructed by the Canadian National Rail Road. Phase I has been completed.
Conceptual Plans & renderings demonstrate the potential of what could be developed on the property in future phases of development and are available upon request.
Attachments & Media
|Nearest MSA:||Baton Rouge|
|County:||East Baton Rouge|
|Property Located Between:||River Road and the Mississippi River|
|Largest Nearby Street:||River Road|
|Zoning Description:||Planned Unit Development (PUD): A special zoning classification requiring a unitary development for property ten acres or more in size indicating the land uses, circulation, parking, setbacks, housing densities, building locations, land coverage, landscaping, relationships, streets, and architectural treatments.|
|Part of Planned Development?:||Yes|
|Development Name:||River Park (Proposed)|
|Proximity:||1 mile||3 miles||5 miles|
Gordon McLeodThe McEnery Company Inc New Orleans, LA 70112
S. Parkerson (Parke) McEneryThe McEnery Company New Orleans, LA 70112
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