Archive for the 'New Condo Projects' Category
New Orleans Luxury Condos-2600 St. Charles Ave.-St. Charles Residences
July 18th, 2008 categories: New Condo Projects, New Orleans Condo Reviews
Six Luxury New Orleans Condos are now under construction at 2600 St. Charles Ave. The St. Charles Residences are 6 large units with over 2500 sq. ft. with all the amenities that you would expect in luxury condos. The units are being marketed by Keller Williams and are priced at 1.6 million plus.
This was the location of the former Scheinuk Florist where the Easter rabbits always were. You have got to love the location and the fact that is residential rather than another drug store or fried chicken place.
The New Orleans Luxury Condo market welcomes new additions as this market is still developing as people decide that condo living can be a plus. There just have not may many new developments in the uptown New Orleans market. Most of the upper end condos have been built are on the Lakefront and in the downtown area. Even in those areas there have been few in the last 5 years.
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Uptown Condos Update, New Orleans Condos
April 21st, 2008 categories: New Condo Projects, Uptown NOLA
New Orleans Condos in Uptown New Orleans are in good supply. There are currently 325 condos in all price ranges and types on the market. There are several complexs that got listed twice in the MLS as they are with two agents giving the raw numbers a rethinking. There are 85 sales and units currently under contract this year. This is the time of years students, residents, and people in general put their places up for sale. These figures contain new conversions, some pre-sales and mainly resales. This is also the time of year that creates the most interest.
There are 134 units under 200k for sale. This is an odd figure in that they are 67 units priced under 160k which is a very hard price range normally to find things in. There are several larger complexes where there are many units for sale. In the 1750 St. Charles Ave. there are 21 units for sale currently. 1205 St. Charles has 14 units for sale. This is a converted hotel near the Warehouse District.
There are several new complexes of 8-10 units along with several four plexes that are also new. The L’Orange at 1544 Camp has 10 units. The new constructions at 1633 First Street has 11 units. The historic conversion at 1520 St. Mary has 8 units. The 1717 Religious condos in the Lower Garden District has 10 units. You can combine all the new condos and you have at least 50 new units.
The new units put pressure on the older units that have not been updated. That is why I think there are such a large number of units below 200k for sale. Location and condition is still the key for future appreciation. There however will not be that many for a criteria that you may have as we cull out the bad locations and overpriced units. With this said there are some deals to be had. Numbers are numbers unless you get a true insite inot the niche markets such as the New Orleans Uptown Condo market.
Todays Uptown Flowers add to enjoyment of the showings in these historic neighborhoods.
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Harahan Condos, Colonial Country Club and the Belle Rive Condos. Proposed Condo Project?
March 29th, 2008 categories: Jefferson Parish, New Condo Projects
Plans for the Belle Ive Condos have been proposed by Lauricella Land Co. to build a 17 story, 154 unit-Luxury Condominium project with an complete upgrade to the Colonial Gold and Country Club golf course. The units will range in size from 900 sq. ft; to almost 2400 sq. ft. The prices will start at $350 per square foot.
The Redford Group, a Birmingham, Ala.,-based golf development and management firm that had a hand in the Robert Trent Jones Golf Trail, and golf course architect Nathan Crace of Watermark Golf in Jackson, Miss. Building architecture was handled by PageSutherlandPage out of Houston.
Parking to the complex will be a three story parking garage with 300 covered spots plus additional spots in a parking lot. The top of the garage will be an amenities deck where residents will have access to a pool, spa, outdoor kitchen and gardens.
“The current Colonial clubhouse would be demolished and replaced by a facility on the ground floor of the condominium tower, Lauricella said. It would include an expanded lobby, a restaurant and bar, men’s and women’s locker facilities, lounges and a 5,000-square-foot fitness center. ” according to the Times Picayune.
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“Is there going to be opposition to this project? Absolutely.” Lauricella said. “I think the amount of this opposition is going to be less than it was before. Albeit equally as vocal, but significantly less.”
Being a resident of Harahan, I think its a great idea to have something like this. The course can be upgraded to first class place for golfers. It can attract people from all over the area that would like the condo life style in an upscale development. It should be some great views of the Mississippi River as the land is on the river. Keeping the golf course is great news as a housing development would not be in the best interest of Harahan.
The Mississippi River leveee as it looks by Colonial Country Club
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Trump Towers Condos, Donald Trump Jr. Visits New Orleans
February 12th, 2008 categories: New Condo Projects
The Trump Towers Sales office is opening in a couple of weeks at 601 Poydras in the Pan Am building in the New Orleans Warehouse District. A recent article in the Times Picayune recently said about the project.
“Donald Trump Jr. said the condo-hotel units should appeal to executives from the energy sector who visit New Orleans regularly and want to keep a pied-a-terre in the city. With the dollar weak and interest rates low, Trump also expected investors from Europe and Latin America to buy inside the building.
He said well-heeled locals, especially those with grown children, might also consider moving downtown. Condos and condo-hotel units will start at $400,000 for a studio and top out at several million dollars for a penthouse.
“There is a natural cycle we have seen in the market where baby boomers no longer want a home where they have to worry about leaky pipes and mowing the lawn,” Trump said. “They are migrating to condominiums in urban areas.”
Cliff Mowe, one of the tower’s developers, said Thursday that the building would include retail space on the ground floor, followed by 15 floors of parking and a sky lobby on the 17th floor. The condominium-hotel units will occupy the next 15 floors, followed by traditional condos on the uppermost stories. “
The $400 million building will have two rooftop pools, one for all occupants and one for condominium owners only. Mowe said there will be separate entrances and elevators for hotel guests to ensure the privacy and security of full-time residents. “
Once 50% of the units are sold the project will begin the next phase. Look for a lot of out of state investors to purchase these units for themselves. When you have a new project of this scale the entire area gets more notice. Will we see the New Trump Towers Condos added to the New Orleans Warehouse District skyline in the future?
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Warehouse District Condos, Tracage Condos moving forward
February 11th, 2008 categories: New Condo Projects, Warehouse District
The Tracage Condos in the New Orleans Warehouse District are in the pre sale stages and looks more and more like they are is getting built. This will be the first high rise in this part of the Warehouse District. The parking will occupy the first 8 floors and then condos up to the top capped off by a pool and spa area. The developer has a great sales office on Tchoupitoulas Street in the 700 block that is open daily fo view the floor plans and views. It is the most impressive sales office to date in the New Orleans Condo market, it well worth a trip. Bethany Foote is the sales agent and she can bring you up to date on the prices and floor plans. The views of the Mississippi River will be worth seeing. The description that was on their site best describes the feel of the complex as
“Soaring high above the historic Warehouse (Arts) District, Traçage is a 24-story modern tower designed to capture the radiance of our city’s soul and bright future. This artful building design is laced with private balconies and floor-to-ceiling windows — so you can take full advantage of the magnificent views over the surrounding neighborhoods, the Mississippi River, and beyond to the Central Business District and the stately Garden District.From the ground-floor retail shops to the magnificent penthouse suites, Traçage offers all the sophistication, style, and gracious living. This is just what you’ve been looking for in your residential opportunity. This is urban living at its finest. This is Traçage.”
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New Orleans Condos, Trump Towers Condos and Hotel Update!
January 31st, 2008 categories: New Condo Projects, Real Estate News, Warehouse District
The Trump Towers Sales office is scheduled to open in the New Orleans Warehouse District in mid-Feb, 2008. The new Trump International Hotel and Tower at 555 Poydras Street will be followed by many around the world. The developers hope to break ground later in the year. The 72 story tower will have 290 standard condos and 435 condo-hotel units. The first 2 floors will be retail followed by 12 floors of parking with over 700 parking spots. A group of floors will be the hotel and the upper levels will be residential condos. Many of the units should have great views of the city and River.
In mid December there were 175 deposits. Interest is expected to pick up once the 5000 sq. ft. Sales office is open. Its a unique project especially for New Orleans and should be known by most people in the world. Anytime you get a World Class project in the area is should give the entire Warehouse and downtown New Orleans a boost. Maybe I can meet someone who buys the one of the upper floor units to have me over. Maybe Irene Rand, one of the sales agents will give me a ride on the construction elevator if I can sell a couple of the units. Lets support the efforts and hope the developers can pull this off. Wow!
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Warehouse District Chosen by Idea Village and the St. Joe Lofts
January 30th, 2008 categories: New Condo Projects, Warehouse District
A 19 million dollar project is announced for the New Orleans Warehouse District involving Idea Village and St. Joe Lofts which will be office space and loft apartments. Idea Village is a non-profit group that supports entrepreneurs to develope their business ideas. The Idea Village will occupy the first floor. The development will include 45 affordable units available to people earning under $35,000 per year or 60% of the area medium income. These are the sparks that our downtown area needs and is getting on a monthly basis.
The Idea Village and St. Joe lofts will begin construction with the next 2 months at 400 St. Joesph Street near Constance. The developer is Jay Trevor with J&T Development. The innovative project is expected to be complete in March 2009. It makes great sense to give people starting a new business an affordable place to start in the Warehouse District. Many of the former apartments and lofts have been converted into condos creating a healthy demand for rentals in a very innovative and creative part of town of town. Each addition is a building block in this neighborhood and to creating new jobs that will allow more people to buy. Its private enterprise that creates jobs.
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