From the Donaldsonville Chief:
Redevelopment has begun on the historic B. Lemann and Bro. building at the corner of Mississippi Street and Railroad Avenue in the Donaldsonville historic district.
James Neville, owner of Neville Development, announced the financial closing and start of construction of the building.
“My partner Kevin Kelly and I would like to thank our many partners that made this project possible, including the Louisiana Housing Corporation, Office of Community Development, Boston Financial Investment Management, Home Bank, and Stonehenge Capital,” he stated.
The development will be a mixed income, mixed use project consisting of 42 units of artist preferred housing as well as 7,600 square-feet of commercial space on the ground floor, according to Neville.
The building has a rich history. It was built and designed in the late 1870s by famed architect James Freret, according to the Donaldsonville Chief archive.
The Lemann Farm Supply business served the area for many decades as a general store. Through the years it expanded, eventually selling automobiles and tractors. The store has been compared to the modern Walmart, offering a wide array of inventory.
Stonehenge Capital is proud to play a part in redeveloping the historic Lemann building and increasing access to affordable housing in downtown Donaldsonville, La.
Read the entire article here.