A rendering of the Ellsworth building, planned on the southwest corner of Fifth and South Streets. (Photo: provided by the City of Lafayette)
A rendering of the Ellsworth building, planned on the southwest corner of Fifth and South Streets. (Photo: provided by the City of Lafayette)
LAFAYETTE – With other developments in various stages of completion around downtown Lafayette, financing for another new project – adding both commercial and residential space – was approved Thursday morning.

The newest project is The Ellsworth, a $17.7 million mixed-use project slated for downtown. The five-story building is planned to be built on the southwest corner of Fifth and South streets, on a parcel of land next to Regions Bank. Its development was part of a resolution passed by the Lafayette Economic Development Commission Thursday morning.

Once completed, developers say The Ellsworth will include 97 loft-style apartments, 2,000 square feet of commercial space along South Street and 40 public parking spaces in a garage during business hours.

More: $20M downtown Lafayette project aims to fill 600 block of Main Street for first time in half-century

The building will be designed to be C-shaped with the inside of the “C” facing downtown, Shelby Bowen, president of Rebar Development, said Tuesday. The shape will allow a second-story courtyard and dog park, and the fifth floor will have an outdoor patio space overlooking downtown Lafayette.

Bowen said it was a five-year process to identify the right spot, then another two years to work with Regions Bank and get site control.
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