|LCG permit inspector Larry Manuel at The Reserve at Acadiana, where work has stopped.|
|Photo by Robin May|
The credit crunch gripping the nation has skidded to a halt one of the largest commercial construction projects in Lafayette. The Reserve at Acadiana is a huge apartment complex going up adjacent to the Mall of Acadiana. Or it was going up hammer and tongs until recently. The project stalled this fall. “Well all of a sudden, we were in the middle of inspections, and we hadn’t heard from these people and we stopped by a couple of times, and they were pretty tight-lipped about it,” says Larry Manuel, Lafayette Consolidated Government’s permits inspector.
The complex is owned by Baton Rouge-based Peek-Howe Real Estate Inc. and is being built by PHL Construction LLC. The Louisiana Secretary of State’s office lists Arthur Lancaster as the PHL’s manager and Robert Peek and Lacy Howe as its members.
The Reserve at Acadiana is slated to be a 276-unit apartment complex consisting of one-, two- and three-bedroom apartments with rental rates ranging from $950-$1,495 per month. The project was valued at nearly $15 million. Construction was halted due to “a slowdown in funding because of the credit crisis,” says Lancaster. He says funding is now back in order, and construction should start after the first of the year.
While smaller projects stop and start, says Manuel, this is by far the largest project to come to a halt. Before construction recommences, Manuel says several concerns need to be addressed. While the walls and roof are up, windows and doors have not been installed in all the units, siding hasn’t been completed, and there are places where black felt paper hasn’t been installed, leaving plywood exposed. Rain poured in the openings during some of the recent storms in Acadiana. “I’m concerned about the structural integrity of the wood that’s been exposed to the weather,” says Manuel. There are issues with mold and mildew contamination as well. Manuel says the city will require a mold remediation certificate before construction can resume.
Barring any unusual weather, Lancaster says he is confident the project will be complete in six months, by late July.
Thursday's Blogs from the Bog!
Women sue over sperm mix-up; Romney on campaign trail; Ebola patient was released from hospital and more national and international news for Thursday, October 02, 2014.
State Rep. Joel Robideaux, R-Lafayette, surprised few in the Hub City Wednesday afternoon when he made (semi) official what most of us have known for months: He is running to replace Joey Durel as city-parish president.
Two bedroom town home or three bedroom contemporary home
Let the party begin
Louisiana's first black Republican state senator since Reconstruction — who was a Republican before he was a Democrat before he was a Republican again — is accusing Democratic U.S. Sen. Mary Landrieu of using the black community for votes and providing nothing in return.
LSU's governing board has backed new hospital privatization contracts that give hospital managers greater ease to leave the deal and fewer restrictions about must-have services.
Rachel Hector returns home to cultivate a generation of yoga instructors.
Acadiana's nightlife guide.
U.S. Sen. Mary Landrieu is courting young voters in several appearances across Louisiana this week, talking about her support for legislation that could lower students' college costs.
It is distinctly possible control of the U.S. Senate will hinge on Louisiana, which is why, during the last several months, outside groups have made this the most expensive election in Louisiana history.
A constellation of South Louisiana musical stars descends on Parc Sans Souci to honor an ailing David Egan.
INDStyle Awards 2014 was one for the books; the American Cancer Society took over The Victorian's big tent; and the battle of the sexes was alive and well for Walk a Runway's Christmas fundraiser.
The Acadiana Symphony Orchestra teams up with choreographer Clare Cook for a modern take on a Stravinsky classic.
Local food pantries begin seasonal drives
A girl's best fashion friend
Stage 4 vet takes on cancer and reminds us all what it really means to get involved.
Creative living flourishes at Downtown’s artist hub
Four bedroom cottage or four bedroom traditional
Bold looks for fall define INDStyle Awards 2014
Statement pieces for the season
The gents venture out
Project Front Yard has been launched to help us change our image and our habits.
Alleged victim is a Navy vet with brain trauma resulting from a car accident three decades ago.
Is Mary fading as Vitter solidifies his lock on the fourth floor?
Richard Buswell was sentenced Tuesday to more than 10 years in prison for his role in an investment scheme that defrauded his clients of more than $6 million.
The Latin Music Festival returns to Parc International this Saturday, Oct. 4, from noon to 10 p.m.
Gov. Bobby Jindal's administration has renegotiated contracts for six LSU hospital privatization deals, hoping to reach a compromise with federal health officials that will keep Medicaid dollars flowing to the privatized patient services.
Democratic Sen. Mary Landrieu is defending her record on gun rights, seeking to rebut sharp criticism from the NRA in a state where the right to bear arms is given special constitutional protection.