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Acadiana business briefs | Business

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Cottage homes community sold for nearly $20 million

A cottage homes development in southwest Lafayette has been sold to a California real estate company for nearly $20 million.

Cal World Group, which also owns a residential development in Lake Charles, bought The Cottages at East Broussard, 101 Norcross Drive, from Bryan and Sylvia McLain, of McLain Investments, for $18.8 million, land records show.

The development features 93 one-, two- and three-bedroom homes for rent, each including a backyard, private parking, a front porch, concierge services and maintenance. The community is gated and features a clubhouse, indoor and outdoor community areas and a business center.

The development first opened in 2015, Bryan McLain said, and is billed as Louisiana’s first exclusive membership home community,…

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