Level buys 21 Rouzan lots for $1.43M

Level Construction and Development LLC has bought 21 lots in the Rouzan development located near the Glasgow Avenue and Perkins Road intersection for $1.43 million, or a little over $68,300 per lot. “It’s a tremendous location, it’s a great concept, and we feel very strongly about it,” Level partner Todd Waguespack says. “It just needs some momentum.” Rouzan has seen its hiccups, including the six years it spent tied up in a zoning conflict and opposition from its neighbors in the Southdowns community. But Waguespack says Rouzan is over the hump. “It’s going to create a market and grow from there,” he says. Waguespack says he hopes to price 1,400- to 2,500-square-foot homes for between $330,000 and $460,000. When complete, the plans for Rouzan call for a retail component, office spaces and a farmers market. A library branch was also planned at one time, but the deal fell through and the library board hired a site-selection firm earlier this year to find another site for a new branch in the area. Check out a Business Report story from March on the zoning battle at Rouzan. —Kelly ConnellyPublished Aug 28, 2014 at 2:43 pm (Updated Aug 28, 2014) Baton Rouge Daily Report.