National Development Wins Two $9.5 Million Projects in Baton Rouge

FORT MYERS, Fla. (May 11, 2011) – National Development of America, a Fort Myers-based development firm, has been awarded $19 million in contracts for two affordable-housing neighborhoods in Baton Rouge, La. The firm will arrange financing with partial funding with tax credits issued by Louisiana Housing Finance Agency and other sources. National Development Builders will serve as general contractor, and NDC Real Estate Management will lease the 42 townhomes in each neighborhood and manage the properties.

            “These two neighborhoods are key components in East Baton Rouge Parish Housing Authority’s effort to revitalize an area north of the city,” said Rick Miller, president of National Development of America. “It’s exciting, gratifying work to replace 50-year-old substandard housing with new rental units built with green initiatives and neighborhood amenities.

            “Through our construction and property management arms, National Development is able to take the project from planning and financing through long-term management, making the process seamless for the housing authority and tenants,” said Miller.

The two neighborhoods will include two-, three- and four bedroom homes, each with 1,300 square feet of living space and features including increased insulation, energy-efficient windows and ultra-low-flow plumbing fixtures. These features make home maintenance more affordable for residents and lessen impact on the environment.

            Permitting and financing is under way. Construction is expected to begin on both neighborhoods at the same time this fall and is scheduled to take a year. Willow Creek will replace the abandoned Hospital Plaza, and Autumn Place will be built on the site of Colonial Court. The neighborhoods will include front and back yards, playgrounds, walking paths and amenities not provided by the existing apartment-style projects.

Willow Creek and Autumn Place are the sixth and seventh affordable housing neighborhoods developed by National Development in the Baton Rouge area in the past eight years. The construction volume totals more than $60 million.

National Development Builders, under the leadership of Principal Michael Jacob, has coordinated and overseen the construction projects in Florida, Louisiana, Pennsylvania and New York. The company provides general contracting services for National Development of America and third-party clients. In the Southwest Florida market, the company has built more than a dozen professional and Class A office buildings including the UBS Financial Services building, the Royal Palm Corporate Center and the corporate headquarters of Wiltshire, Whitley, Richardson and English, P.A.

            To learn more about National Development of America, the design-build capabilities of National Development Builders, or leasing and management programs by NDC Real Estate Management, call 239-275-8029 or log onto www.national-development.com.

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