Real Estate Partners Announce Rezoning Approval – The Oxford Eagle

McGrath Real Estate Partners announced that a rezoning request for approximately 50 acres of land located on CR 300 was recently approved by Lafayette Parish officials.

The Lafayette Parish Board of Supervisors has approved a change from low-density residential zoning (R-1) to high-density residential zoning (R-3), which will allow McGrath Real Estate Partners to develop high-quality student housing and for-sale residential housing for one family. community to meet growing demand.

Lafayette County and Oxford are experiencing rapid growth thanks to the expansion of the University of Mississippi, recent housing studies have shown. There are currently no other lands zoned R-3 in the county.

By delivering higher densities, the development will offer greater residential capacity with less impact on local land, providing a sustainable solution to growing demand.

Site planning and design for the project are currently underway, with construction expected to begin in late spring 2025. Construction is expected to open in summer 2026.