Construction is set to begin on a high-end apartment community in LaGrange.
Construction will begin soon for The Exchange at 1105 The Exchange at 1105 Davis Road, a $28.5 million high-end apartment community will consist of 280 units. This will be the first major multi-family community in 10 years.
The project will be developed by Davis Road Developers, L.L.C., whose principal partners are Paul Dastugue III, CPM and Quentin Dastugue, CCIM of New Orleans, Stephen Keller of Baton Rouge, La. and Lagrange native Paul Birkeli. They have extensive backgrounds and experience in providing real estate development, management and related services across the Southeastern United States. The new development will be a craftsman-inspired garden- style upscale community, featuring five floorplans from 650 square feet to 1,200 square feet in one, two and three bedroom units. The approximately 30+ acre site will allow for generous open and uncrowded access and space while also providing a gated and private environment. The 280 units will include granite counter tops, attached and detached garages, a unique natural environment with landscape and water features and a large multifunctional club house, pool and fitness center.
Located in the growth corridor of Lagrange on South Davis Road, it is within close proximity to the newly developed Lagrange Office/Business Park, the redeveloped Lagrange Mall, as well as multiple banking and dining establishments, schooling and the soon to be opened public access biking and jogging trail called the Thread. “We are excited to bring this amazing new project to Lagrange,” stated Dastugue.
“The LaGrange area has seen tremendous growth in recent years, but relatively few new rental units added. The Exchange at 1105 will fill that void in the market for high end transitional housing.”
The project will be managed by Property One, Inc. (Atlanta office) an affiliated commercial/ multifamily full-service real estate firm with operations in Texas, Louisiana, Mississippi, Georgia and North Carolina.
Media Contact: Byron LeBlanc or Paul Christiansen, (504) 833-5703 or bleblanc@ leblanc- shuster. com To keep up with the latest news involving the City of LaGrange, go to www.lagrangega. org or follow us on Facebook at facebook.com /lagrangegagov, Twitter at @lagrangegagov, & Instagram at instagram.com