Baton Rouge Business Report Real Estate Weekly
Audubon Square completed
When Scott Bardwell with Bardwell Development purchased the site on the north side of Tiger Bend Road, east of Jones Creek Road, for the development of Audubon Square Subdivision, it was when market conditions were significantly more active. As market conditions slowed, Bardwell worked hard to develop a plan that would appeal to a wide market. The 82-lot development is now complete and has begun closing lots. Seven lots have closed, and two of the four homes under construction are pre-sold. The seven lots that closed had an average price of about $74,000. Lots in Audubon Square can accommodate homes from 2,500 square feet to 3,500 square feet. Most of the lots have rear alley access. There is a large common park area with walking trails and landscaped areas that give the development a very pedestrian feel. The development has a new walkway to the adjoining BREC park. Bardwell says interest had been relatively strong, but he was maintaining strict controls over builders and architectural design to make sure that the integrity of the development is maintained.

By: Tom Cook

Baton Rouge Advocate
New tract building begins
Baton Rouge developer Scott Bardwell said Friday that work has begun on the first home in Audubon Square, his 82-lot subdivision on Tiger Bend Road near Antioch Park.

Bardwell said the first unit - designed by The Front Door architects and built by homebuilder Chip Blair - will be the neighborhood's model home.

Groundbreaking will take place on three more units this month, two of which have been pre-sold, Bardwell said. Blair is building the other as a "spec" home without a buyer.

Audubon Square is Bardwell's third development in the Tiger Bend area, following Rose Hill and Laurel Hill. He and business partner Jay Noland bought the land in 2007 for $1.4 million.

Lots in Audubon start at $67,500, while completed homes will be in the $350,000 range.

Amenities include rear alleys, tree-lined streets, front porches and a large central green space.

Baton Rouge area home sales have been falling steadily over the past several months.

Based on figures compiled by the Greater Baton Rouge Association of Realtors, the first quarter of 2009 was the slowest three-month start for the market in a decade.

Nevertheless, Bardwell said his company remains "bullish" on its product and pricing.

"We are generally healthy local economy. Buyers just need something they can get excited about," he said.

By: Chris Gautreau