Full Description

Project Description:
522 single family home sites and a mixed use project that includes 474 single family, town homes, condos, 50,000 square feet of retail space and 33,000 square feet of medical assisted living facility, club house, pool, gym, parks, restaurants etc'.
Total residential units - 996.
The property was appraised on August 2 2007 at $16.4 Million and with the approval of the mixed use section within 6 months the lot yield will increase the appraised value to $26.3 Million.
A public golf course community that was voted one of the top 50 public courses in the country was built and is maintained by Baton Rouge Recreation Center (BREC). At no cost to the developer.

Investment Proposal & Capital Requirement:
The developer owns the project since February 2006 with a partner who wants to sell his shares in the company. Total cash invested up to date is $7 Million.
No mortgage or any other liens.

Value

• Appraised value (August 2 2007) -$16.4
• Value will increase by developing the next 23 lots
• (the difference between undeveloped and developed
• lot is 45k per lot)$1
• Total appraised value $17.4M

An unforgettable living experience for a variety of lifestyles that offer recreation, beautiful landscapes and family living. This spectacular community consists of highly desirable golf, lake and natural preserve home sites that strike a perfect balance with the nature that surrounds them. An array of amenities includes a state of the art golf course, tennis courts, playgrounds, club house, hiking trails, natural forest preserve, beautiful landscaping, picnic areas, a European retail plaza and an upscale gated adult community with French Quarter town homes, villas and condos. Just beyond the Meadows BREC is creating a park that include a community center, health care unit, soccer, footbal baseball and basketball.