|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.
Pot industry gearing up for holiday shoppers; uncertainty in Ferguson; Patriots' winning streak and more national and international news for Monday, November 24, 2014.
Monday's Blogs from the Bog!
Lafayette Police have had a busy day.
Gov. Bobby Jindal's administration will use $130 million in patchwork financing from a tax amnesty program, insurance settlement, uninsured motorist penalties and other excess funds to close most of the state's midyear budget deficit.
Democratic U.S. Sen. Mary Landrieu said she disagrees with President Barack Obama's actions on immigration, hoping the latest controversy doesn't worsen her campaign difficulties.
Gay-rights advocates challenging Louisiana's same-sex marriage ban announced Thursday that they have asked the U.S. Supreme Court to review their case before it is heard by a federal appeals court.
Thinking himself the “son of God,” the man charged with the 2013 killing of an officer of the Chitimacha Tribal Police will not stand trial following a ruling Thursday on his mental competency.
Either Saints coach Sean Payton doesn't want to tip Baltimore off as to who'll start in New Orleans' secondary on Monday night, or he really doesn't know yet.
The Ethics Board gives the lame duck Youngsville mayor permission to offer a sweet parting gift to the community he’s presided over for three terms.
The money came through a general obligation bond sale Thursday.
A legend in the Acadiana Oil Patch, Comeaux died Monday, Nov. 17.
With a growing number of alleged sexual assault victims coming out against Bill Cosby in recent weeks, upcoming projects have been canned by NBC and Netflix, but that won’t affect the once-loved comedian and actor’s scheduled performance in Lafayette.
The Baltimore Ravens' retooled secondary had no trouble against a rookie quarterback at home. This week, however, their task is far more challenging: stopping Drew Brees on the road in New Orleans.
Add Texas Gov. Rick Perry's name to the list of possible Republican presidential candidates flooding the campaign trail for GOP Senate candidate Bill Cassidy.
Gov. Bobby Jindal is in Florida this week with his fellow Republican governors for another gripe session aimed at their favorite target, the president, this time taking aim at his immigration plans.
Early voting for the runoff is shortened by two days because of the Thanksgiving holiday.
“Coach Don” Gagnard is running for school board. Today he offers his critique of the socioeconomic relationship between government subsidies and obesity.
Former Le Rosier chef who cooked at the James Beard House and was named one of the “Best New Chefs in America” by Food & Wine magazine in 1995 was 48.
Pat Cooper is contesting his termination by the LPSB, filing a petition Tuesday that calls the recent decision “arbitrary and capricious.”
A look at the numbers highlights the challenge facing Louisiana Sen. Mary Landrieu as she tries to win a fourth term in a Dec. 6 runoff against Republican Rep. Bill Cassidy.
Incoming Senate Majority Leader Mitch McConnell is promising the new Republican majority will quickly resurrect Keystone XL pipeline legislation killed by Democrats, potentially setting up an early 2015 veto confrontation with President Barack Obama.
A national animal rights group has been rebuffed by a Baton Rouge district court judge, although the group might still get its day in court.
The administration says public college campuses won't be on the chopping block.
The legendary musician is performing at a $1,000-per-person fundraiser Dec. 1 in New Orleans.
Old savings and checking accounts, payroll checks, stocks and dividends, insurance proceeds, oil and gas royalty payments and other unclaimed money is sent to the state when a business cannot locate someone.