Domain Cos. announced the ground-breaking of a luxury apartment and retail building in Baton Rouge, Louisiana
. The Residences at High Grove, a 198-unit complex will sit directy above the Boutique at High Grove, a 25,000-square-foot shopping center. The estimated cost of the project is reported to be $28 million, with $5 million coming from private equity and the remainder of the funds provided by a HUD 221D4 loan, arranged by Oak Grove Capital in Dallas
The one and two bedroom apartments will feature chef's kitchens with custom appliances and hardwood cabinetry and granite countertops, large walk-in closets, with building amenities that will include a cyber cafe, theater, fitness facility, media center and conference space. The project is expected to be completed in July of 2013, and is expected to be certified LEED Silver.