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Board approves 50-year ground lease for multifamily housing at LSU Alexandria to expand student beds
Summary
The Board of Regents approved a long-term ground lease enabling a developer to build and operate approximately 176 two‑bedroom multifamily units on 11.5 acres of LSU Alexandria campus land to increase on- and near-campus housing.
The Board of Regents approved a long-term ground-lease arrangement to permit construction and operation of multifamily housing on LSU Alexandria (LSUA) campus land intended to increase available student housing.
Project overview Board staff said the project will use roughly 11.5 acres on the northwest corner of LSUA’s campus (the site of a nine-hole golf course) and provide about 176 two-bedroom units. The institution plans to prioritize students for occupancy while also permitting faculty, staff and community members to live in the complex. The developer identified in the application is Duran Construction; the proposed…
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