Firm breaks ground on $20 million project
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CST Land Developers said Friday it has completed financing and broken ground on The Reserve at Jefferson Crossing, a $20 million, 13.5-acre development near the junction of Jefferson Highway and Highland Road.
CST Land — owned by Plaquemine lawyers Tom Delahaye, Chris Coffin and Stan Baudin — bought the land from DSI Transports Inc., of Toronto, for $890,000.
The project features 180 affordable-housing apartments designated for families with incomes of 60 percent or less of the medium income of the area. The apartments will offer one to four bedrooms, with monthly rent ranging from $500 to $1,000.
The complex’s amenities will include a clubhouse, pool, exercise room, computer room and gated access.
The front 4.5 acres will include office buildings and eight single-family town homes. CST Land said construction will take about 12 months, with the first units coming online in April.
The company said financing came from a mix of tax-exempt bond funding, federal income tax credits and money through the federal HOME program.
CST also is developing a 52-lot town home subdivision called The Lakes at Juban Crossing and a 136-unit market rate apartment complex called The Village at Juban Lakes, both east of Denham Springs.
CST Land — owned by Plaquemine lawyers Tom Delahaye, Chris Coffin and Stan Baudin — bought the land from DSI Transports Inc., of Toronto, for $890,000.
The project features 180 affordable-housing apartments designated for families with incomes of 60 percent or less of the medium income of the area. The apartments will offer one to four bedrooms, with monthly rent ranging from $500 to $1,000.
The complex’s amenities will include a clubhouse, pool, exercise room, computer room and gated access.
The front 4.5 acres will include office buildings and eight single-family town homes. CST Land said construction will take about 12 months, with the first units coming online in April.
The company said financing came from a mix of tax-exempt bond funding, federal income tax credits and money through the federal HOME program.
CST also is developing a 52-lot town home subdivision called The Lakes at Juban Crossing and a 136-unit market rate apartment complex called The Village at Juban Lakes, both east of Denham Springs.
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