New Multifamily Development Breaks Ground in Elmwood, Louisiana

Vertical construction is underway on The Francis, a five-story, 251-unit multifamily development on the site of the former Kmart at Elmwood Center in Louisiana. Developer Lauricella Land Company, partners Felicity Property Co. and Setpoint Ventures and builder RNGD joined Jefferson Parish Economic Development Commission and other parish officials at a Sept. 30 groundbreaking ceremony.

The multifamily development will transform a long-underused retail property into an active residential community in the heart of Jefferson Parish’s largest commercial district. Residents will live within walking distance of Elmwood’s shops, restaurants and employers.

The Francis will feature one- and two-bedroom apartments with open-concept layouts and modern finishes. Amenities include a central courtyard with a resort-style pool and landscaped green space, a fitness center, co-working and creative spaces, a resident library, a dog walk and additional community gathering areas.

The development team estimates the project will generate about $3 million in construction permitting fees and building material sales tax revenue during construction and support more than 200 construction and permanent jobs.

Hancock Whitney Bank is providing project financing. The Jefferson Parish Economic Development Commission worked with the Jefferson Parish Council and the development team on economic incentives, including a Payment In Lieu of Taxes structure. LRK is serving as architect, Parallel is leading interior design and RNGD is the builder.

Lauricella Land Company is also planning a 70,000-square-foot expansion of Elmwood Center’s retail and dining options next to The Francis.

Construction is on track for completion in spring 2028.