440 on Third on track for supermarket, apartments

Developers of the 440 on Third mixed-use building said the Matherne’s Supermarket that will anchor the downtown property is on track to open in the fall, while apartment tenants will be able to move in on Jan. 1.

Dyke Nelson, the architect who owns the building with David Weinstein, said at Tuesday’s Downtown Development District Commission meeting that the redevelopment of the old Capital One Bank building to 440 on Third is about half completed. Along with the apartments and the grocery store on first floor, there will be about 35,000 square feet of office space on the second, eighth and ninth floors.

Nelson said he hopes to make an announcement next week about an office tenant for the building.

He said the 16,000-square-foot grocery store should open “by October, maybe late September.”

“We’re pushing real hard right now,” he said.

Nelson said application packages will go out on Monday to people interested in moving into the downtown property.

One-bedroom apartments in the building, at the corner of Main and Third streets, will rent for $995 a month, while two-bedroom apartments are $1,465 a month. The rent includes all utilities, except for cable TV.

“We hope that price works for a lot of different people,” Nelson said. “Based on the response so far, we’re hoping it will be a really easy deal to get the apartments filled.”

440 on Third will have 65 apartments.

In other business:

RIVERFRONT SCULPTURE: Davis Rhorer, DDD executive director, said the Rotary Club of Baton Rouge plans to build an overlook for the Mississippi River and install a sculpture at Florida Street and River Road. The overlook and sculpture are being installed in time to commemorate the 100th anniversary of Rotary in Baton Rouge, which will happen in 2018.

Rotary started in Baton Rouge at the Hotel Istrouma, which had been at Florida and Third streets, before moving to the Heidelberg Hotel, now the Hilton Baton Rouge Capitol Center.

It will cost about $300,000 to build the overlook and sculpture. Rhorer said about half of the money has been raised so far from private donors.

The overlook and the sculpture are going in on top of the $1.1 million upgrade to the Mississippi River access point at Florida Street and River Road that is currently under construction.

A design competition to determine what the overlook and the sculpture look like will be held through the end of 2015, Rhorer said.

WI-FI EXPANSION: Work will start next week on improving the Wi-Fi access around North Boulevard Town Square. This will allow visitors to get wireless Internet in Repentance Park, Riverfront Plaza and LASM Plaza, said Gabe Vicknair, assistant executive director for the DDD. The work will take a couple of weeks to be completed.

The Wi-Fi upgrades are piggy-backing off improvements made to the Baton Rouge River Center to boost wireless Internet across the arena. The entire project will cost $350,000, and about $50,000 is for the downtown Wi-Fi, said Todd Mitchell, general manager of the River Center.

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