Phase 1A of the new community Cypress Park celebrated the completion of the first 50 homes with a ribbon-cutting ceremony on November 7, 2020. The ceremony was hosted by developer David Waltemath who plans to have the entire community of 120 homes completed within ten years.
Cypress Park, located in Belle Chasse on F. Edward Hebert Boulevard is a new neighborhood with homes from the high $200’s. The average price for a home is $310,000 which is perfect for a young family who desires a nice home at an affordable price.
Plaquemines Parish will greatly benefit from the new community. Waltemath explains that by the end of the 10-year project, the community will fork over more than half a million in impact fees and over $100,000 in annual property taxes. Good news for the Plaquemines Parish Government who can use the money from the new community to relieve some of the parish’s financial debts. The parish is also off the hook when it comes to community upkeep. The neighborhood is a privately operated community.
Phase 1A consists of the completed 50 homes and the remaining Phase 1 will include 66 more homes that are currently under construction. Phase 2 is awaiting approval from the council and will include most of the amenities. Cypress Park amenities include a stocked lake, a small lake fountain, picnic tables, park benches and a trail system.
Cypress Park offers affordable homes to those who left Belle Chasse but want to come back home to raise their young families. Many young people had to leave Plaquemines because there was no affordable housing.
“There’s a tremendous amount of demand for these kinds of homes in Plaquemines,” Waltemath said. “Young people in Plaquemines don’t want to leave, but there’s not a lot of housing options that they can afford. Cypress Park is for them.”
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