Buyer's market: The population of south Baton Rouge along Nicholson Drive has grown a lot in recent years with the creation of new residential developments, but everyday necessities, such as gas and groceries, still remain faraway for most. That's why developer Greg Flores is planning to build retail and commercial office space for a 274-lot neighborhood, Lexington Park, to the south of Lexington Estates. Daily Report has the full story here.
Fore! As anyone who regularly hits the links will tell you, Baton Rouge has a lot of golf courses but not many golf retail outlets. That's why Lafayette businessman Benny Hopson is moving into the market with a new golf store that will not only sell apparel and clubs, but also feature a game simulator and launch monitor. The store, Capital Golf, will be located at 8556 Siegen Lane in the building that formerly housed Blockbuster Video. Hopson acquired the property Monday for $1.1 million from Cedar Lake Inc. Daily Report has more details here.
The lights are much brighter there: Officials are hesitant to respond to a report that Baton Rouge is a finalist—with one other city, not in Louisiana—to land a deal that would bring an IBM facility to downtown. Sources tell Daily Report that the deal would yield more than 500 jobs and would involve a partnership with LSU. But CPEX Director Elizabeth "Boo" Thomas says if Baton Rouge were to land the deal, it would be a game changer for the metro area and would validate the public investment that has been made downtown over the past two decades. The full story can be found here.
This week's poll question: What chance do you think Baton Rouge has of landing the facility that IBM is reportedly considering bringing to downtown?
Read more from Business Report here: http://www.businessreport.com/real-estate-weekly/1152013/recap#ixzz2IMSWc5qx
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