Groundbreaking held for new downtown BR apartments
BATON ROUGE - Representatives from Commercial Properties Realty Trust, the Baton Rouge Area Foundation, the Baton Rouge Metro Council, the Downtown Development District and the Mayor's Office came together Monday morning for a groundbreaking ceremony that marks the official beginning to construction of the new Onyx Residences.
The five-story building, located at the corner of Third and Convention Streets, will be the future home of 28 one- and two-bedroom apartments tucked above 5,600 square feet of commercial space. The apartments will range from 600 to 1,100 square feet.
Marketing Director of the Commercial Properties Realty Trust Tina Rance says CenturyLink will equip the facility with some of the latest in next-generation tech including fiber-based gigabit internet service along with security and home entertainment services. The fees for the advanced internet and smart home features will be included in the rent.
Each apartment will have a balcony or terrace attached to provide excellent views of Third Street, Convention Street or the Shaw Center for the Arts.
The redevelopment project is estimated to require more than $7 million in investment with the building ready for occupancy in fall of 2015. Pre-leasing is set to begin in the next few weeks at the Onyx Residences website.
The Onyx Building opened in the 1950's and was the home of Rider's Jewelry store until the late 1970's. The building sat empty for more than 30 years until nonprofit organization City Year briefly occupied it in the last decade.
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