The developer of E’tage Gardens, an infill community on Government Street, has purchased a 2-acre site near the intersection of Lobdell Avenue and Jefferson Highway for $650,000.
Michael Hogstrom, the owner of Onsite Design, said he plans to build a development with six to 10 lots on the property, which he said is near Baton Rouge Stone Gallery.
“We’re still working on a number,” Hogstrom said, “but this will be higher-end than E’tage Gardens, with larger homes and larger lots.”
LA7, a limited liability corporation set up by Hogstrom, bought the land from Winston and Patricia Turner Riddick and Rester Properties in a deal that was filed Friday with the East Baton Rouge Clerk of Court’s Office.
Hogstrom said he’s working with about three different site plans and business models, so the details of the yet-to-be-named development are still being worked out. But he said the lots would be over 6,000 square feet. In E’tage Gardens, the majority of lots were 5,000 square feet.
The success of E’tage Gardens, which is located at Government and Croydon Avenue, led Hogstrom to plan another development nearby.
All of the lots in the development were sold in a month, and five of the eight homes have been finished. The remaining properties should be completed by the end of the summer.
“On all eight houses, we got over $200 per square foot, so we exceeded our expectations substantially,” he said.
“Our goal is to improve our developments where we can and keep things top notch,” Hogstrom said. “We’ve gotten a good response.”
Follow Timothy Boone on Twitter, @TCB_TheAdvocate.