A country home development in southwest Lafayette has been sold to a California real estate company for nearly $ 20 million.
Cal Mondial Group, which also owns a residential development in Lake Charles, purchased The Cottages at East Broussard at 101 Norcross Drive of Bryan and Sylvia McLain with McLain Investments for $ 18.8 million, according to land records.
The development includes 93 one, two and three bedroom homes for rent and was designed to offer homes for rent each including a backyard, private parking, porch, janitorial and maintenance services, according to its website. . The community is gated and has a clubhouse, indoor and outdoor community spaces, and a business center.
The development opened in 2015, said Bryan McLain, and is touted as Louisiana’s first exclusive hospitality community, according to its website.
Cal World Group owns several commercial and residential properties in California as well as the 94-unit Country Club Cottages, a similar development in Lake Charles.
This is the last McLain chalet development to be sold. They sold the Cottages at Southpark, 101 Shallowford Drive in Broussard, in February 2020 for $ 5.4 million.