Far more downtown Lafayette residences are in the pipeline as a developer has begun changing the previous mail processing building on Cypress Road into five units.
Architect Dillon Van Way with DVW Homes will transform the 5,000-square-foot previous DMS Mail Administration creating at 136 E. Cypress St. into 5 residences that could be obtainable for tenants by February.
The project, to be called Cypress Flats, is yet another residential undertaking slated for downtown, which had 54 models open up final 12 months and has at minimum another 145 prepared with a next section of Vermilion Lofts with potentially 40 units introduced past year.
One more 95 household units are “in the pipeline” for downtown Lafayette as officers are shooting for 500 by the 12 months 2025.
Cypress Flats will feature two just one-bed room, just one-bath models with three tw0-mattress, two-bath units, Van Way stated. Significantly like the Old Federal Courthouse challenge, it will be ideal for pupils or younger specialists amid a escalating demand from customers for downtown housing.
Downtown Lafayette Authority officers have a target of 500 units by the 12 months 2025. The 7 16 skyscraper venture could also function condominiums.
A local developer is preparing to develop two 20-story large rise towers in downtown Lafayette in what could be the biggest advancement that place …
“At the end of the working day it’s a new sector,” Van Way claimed. “Everybody has been calling for it. I believe that the industry is there, but it’s however untested. I don’t know if there’s plenty of persons doing the job downtown – younger industry experts – that could assistance it. The backup is we’re shut sufficient to the university that it could be great for college students, way too.”
The making, which Van Way acquired in April, was designed in 1948 and initially housed the Dalferes Cigar and Tobacco Co. just before it bought to DMS in 1996 for $75,000, land information demonstrate.
The vacant creating was an option for Van Way, who graduated from LSU in 2016 and has carried out house development jobs along St. Antoine Street in north Lafayette space of Fightinville. Individuals initiatives have been successful, he reported.
“I’m at the place in my vocation exactly where I’d do anything at all from a doghouse to a skyscraper — just consider not to starve to loss of life in amongst,” he reported. “I wasn’t heading out of my way to be downtown, but I am aware significant points are occurring. I’m normally wanting for chances seriously wherever.”