Developers, investors and local land buyers are getting a rare crack at 247± acres of Belle Terre land in LaPlace, with an online auction set for May 14-20. The property is sliced into four parcels, from a roughly 1.9-acre lot to a 234-acre contiguous tract that hugs Interstate 10 and backs up to a golf course. A couple of the smaller pieces are starting shockingly low, with the listing showing Parcel A and Parcel B opening at $25,000 each, or about $0.30 per square foot, which makes this a low-barrier play for anyone ready to move fast.
SVN Gilmore Auction & Realty and SVN Urban Properties rolled out the auction in a press release carried by PR Newswire, and the firm has put catalogs, maps and bidding rules online. Bidding will run May 14-20, with selected parcels going to the highest bidder at or above the listed starting bids. Prospective buyers are urged to study the posted terms and catalogs before signing up.
“This is an incredible opportunity to purchase development land within 30 minutes of New Orleans with starting bids as low as 30 cents per square foot,” David E. Gilmore, managing director of SVN Gilmore Auction & Realty, said in the release. Marketing materials also highlight existing utility access, subdivision approvals on parts of the site and wetlands delineations that could factor into permitting and build-out schedules. PR Newswire
What’s on the block
The SVN auction catalog splits the offering into four lots and details the key features and starting bids for each. Parcels C and D are bundled as a 234.1847±-acre contiguous tract that sits along I-10 and fronts a golf course. Belle Terre One, Parcel A is a 1.9095±-acre commercial site at Cannes Drive, while Parcel B is a 2.2821±-acre residential site at Calais Drive. The catalog also lists an 8.8628±-acre commercial tract on Fairway Drive with strong frontage and existing utility connections that could help speed up development. SVN Gilmore Auction
Why developers may care
LaPlace sits between New Orleans and Baton Rouge, with quick access to major transportation and logistics corridors, a selling point brokers lean on when pushing these parcels. The land touches Belle Terre Country Club, giving some pieces golf-course frontage and built-in neighborhood amenities. Longer-term infrastructure work in the area, most notably the West Shore Lake Pontchartrain hurricane-protection project, could bolster flood resilience and add to the site’s appeal over time. For more context, check the country club and federal project pages. Belle Terre Country Club; U.S. Army Corps of Engineers
How to bid
Registration details, bidding rules and property brochures are bundled with the auction catalog, and bidders must sign up in advance after reviewing deposit, payment and closing requirements. The SVN listing materials include broker contacts for questions, including David Gilmore at the firm’s office number listed on its site. Interested parties can also look at commercial listing pages for downloadable fact sheets and full contact information. SVN Gilmore Auction
Listing materials flag some practical due-diligence items, including USACE wetlands delineation on several portions of the tract and seller-reported mitigation credits available in certain areas, so buyers are urged to verify flood-zone status, permitting requirements and utility capacity before jumping in. The auction will award selected parcels to the highest bidder at or above the starting bids, so it is worth reading all posted terms and talking with advisors before placing any bids. Buildout
