A portion of a large tract of land that was sold along Camellia Boulevard near River Ranch will be the site of nearly 150 townhomes.
The property, which is in the middle of what may be the fastest-developing area of Lafayette, sold last week for $4 million to an LLC registered to Dantin Bruce Development of Baton Rouge, land records show.
The seller was Camellia Venture LLC, which is registered to Lafayette developers Cliff Guidry and Tim Bradley and who bought the property in January.
Dantin Bruce will build 136 townhomes on the property, which was approved for a rezoning from agricultural to commercial last fall. Work is expected to begin this summer.
“We are excited to begin working on a residential community that will serve the residents of Lafayette well for years to come,” owner Brian Dantin said. “We look forward to working with the city of Lafayette to deliver homes that everyone involved can be proud of. We believe this property is as superior a location as one will find in the city and anticipate delivering a product that will match it.”
Another eight acres was sold last month to PBP Verot LLC, which is registered to Steven T. Ramos of Lafayette, for just under $1.5 million.
Camellia Venture bought 36.5 acres from Hamilton Plantation Corp. in January for just under $3 million, land records show. The buyers upgraded the property before selling it, including addressing an abandoned oil well on the property, a source indicated.
The land has remained undeveloped for years but is surrounded by several commercial projects that are either under construction or were built in recent years.
The lots sold are on the rear of the property, abutting Stuller Inc., with the lot closest to Camellia Boulevard being earmarked for a high-density residential project, documents show.
Hamilton Plantation Corp., which is registered to Eva Senegal of Lafayette and several others, at one point last year listed the entire 101-acre property at the corner of Camellia Boulevard and Verot School Road for sale at $52.7 million.
The land is across Camellia Boulevard from the Camellia Ponds project, which will include several medical offices and the Louisiana Orthopedics Specialists surgery center, and a Rouses Market that opened last month.