208-Unit Apartment Complex to Rise in Lafayette
Construction on the new residential project is set to begin this October, adding 208 units to the Lafayette rental market.
Updated on Oct. 22, 2026 in Apartments
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Key Real Estate is set to begin construction on a 208-unit apartment complex in Lafayette this October 2026. The new development on Verot School Road will offer one- to three-bedroom floor plans with rents starting at approximately $1,300.
Why it matters
The $35.5 million project aims to address rising demand for upscale rental housing in Lafayette driven by the local health care, oil and gas, and academic sectors. The construction will transform the site formerly occupied by the Dax on Verot restaurant.
The 13-acre site at 2832 Verot School Road will feature a 208-unit complex with starting rents of $1,300. Construction is scheduled for completion in roughly 22 months.
The players
Key Real Estate
A developer active in the Lafayette market with a portfolio that includes the Silo Creek, Ansley Walk, and Robley Place complexes.
Lafayette Consolidated Government
The local governing authority that reviews and approves building permits for new infrastructure and residential developments.
The details
The development will feature a French design theme and offer community amenities including a pool, clubhouse, and fitness room. Construction is managed by Key Real Estate, which previously developed local properties including Silo Creek, Ansley Walk, and Robley Place. Crews will prepare the 13-acre site starting in October to eventually house the one-, two-, and three-bedroom units.
Timeline
2022: Key Real Estate purchased the 13-acre property.
2025: The developer acquired an adjoining parcel to expand the site.
October 2026: Construction is scheduled to begin on the 208-unit complex.
The Home Front
This development reflects an ongoing shift toward higher-density, upscale rental options in the Lafayette market. It aligns with broader regional growth trends fueled by the stability of the local health care industry and the energy sector.
Prospective renters looking for new inventory in the Verot School Road area should keep an eye on the 22-month construction timeline for availability. Those currently renting in the area may want to track how this project influences local rental rates once leasing begins.
The takeaway
The project represents a significant addition of 208 upscale units to the Lafayette housing supply over the next two years. Interested residents can track the site progress as crews begin work at the former Dax on Verot location this October.
Further reading
For updates on local rental market inventory, visit Lafayette Apartments.
Source note: This article includes information reported by The Advocate.
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