The area surrounding Burbank Crossing is undergoing a surge of new development with major residential developments in the area and the construction of a hotel and casino. A 3 million dollar semi-pro baseball training facility has been developed directly across Burbank from the center.
A major thoroughfare, Burbank has been widened to 5 lanes and Staring Lane has been extended from Highland to Burbank, creating a through-way from the shopping center directly to I-10.
Highland Road runs parallel and directly east of Burbank and is an exclusive neighborhood with some of the most expensive homes in Baton Rouge.
Burbank Crossing is anchored by Ideal Market, Dollar Tree and Hibbett Sports.
Burbank Road at Staring Lane in Baton Rouge, Louisiana.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
