Key Real Estate to Build New Lafayette Apartments
Construction on a 208-unit luxury apartment complex on Verot School Road is set to begin in October 2026.
Updated on Oct. 22, 2026 in Apartments
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Key Real Estate is set to break ground on a new 208-unit apartment complex in Lafayette, with construction scheduled to begin in October 2026. The $35.5 million project will occupy the site of the former Dax on Verot restaurant.
Why it matters
The developer is pursuing this project to meet rising demand for upscale housing in Lafayette, driven by the presence of UL Lafayette and the local healthcare, oil, and gas sectors.
The 13-acre site will host a variety of one-, two-, and three-bedroom units starting at approximately $1,300 per month. The development follows the acquisition of the primary property in 2022 and an adjoining parcel in 2025.
The players
Key Real Estate
A developer with a history of local projects including Silo Creek, Ansley Walk, and Robley Place.
Lafayette Consolidated Government
The local administrative body responsible for municipal planning and the issuance of building permits.
The details
The new complex features a French design theme and will include amenities such as a pool, clubhouse, and fitness room. Construction of the facility is projected to last 22 months.
Timeline
Key Real Estate acquired the 13-acre property in 2022.
The developer purchased an adjoining property in 2025.
Lafayette Consolidated Government approved the building permit in mid-October 2026.
Construction is expected to begin in October 2026.
Culture Shift
This project reflects the broader societal shift toward upscale apartment living as developers capitalize on the influx of students and professionals. By integrating community amenities, the development aligns with modern expectations for maintenance-free residential hubs.
Future residents can expect modern amenities like a pool and fitness room starting at $1,300 monthly. The project transforms a long-vacant restaurant site into a residential hub, impacting local traffic and housing inventory on Verot School Road.
The takeaway
The addition of these units offers more options for those seeking modern, amenity-rich housing near key employment hubs. Prospective renters should monitor local leasing announcements as the 22-month construction timeline progresses.
Further reading
For more information on local housing trends, visit the Lafayette Apartments section.
Source note: This article includes information reported by The Advocate.
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