Archive for the 'Warehouse District' Category
New Orleans Warehouse District condos-Paragon Lofts-900 S. Peters
July 19th, 2008 categories: New Orleans Condo Reviews, Warehouse District
The Paragon Lofts located in the New Orleans Warehouse District is a small complex of larger size units. Most of the 21 condos are spread over the upper 3 floors. Most of the units are 2 bedrooms condos with two baths units and measure over 1500 sq. ft. of living area. There are a few one bedroom units. Everyone likes balconies but this is one of the few complexes in the New Orleans Warehouse District that has them. The 900 S. Peters location puts them in the middle of the Warehouse District, a couple of blocks to Riverwalk and to Harrahs Casino.
All the condos have secure garage parking spaces on the first floor with a secure entrance via elevators to the units on the 2nd and third floors. The penthouses and terrances are on the top floor. The Paragon condos were finished in August of 2000. There has not been a lot of turnover since that time.
The units are upscale with a lot of individual tastes put into each of the units. Its not your typical developers units and the owners did a lot of custom work for their units. The condos have wook floors , stained concrete floors, exposed brick, cypress beams, balconies, and garage parking. The balconies are a real plus as few buildings in the area have them. They have some great city views. The larger units are in the 1700-1800 st. ft. range.
They are professionally managed and the owners have a very quiet complex on a one way street that is rarely ever very busy. You have as many walkers as cars sometimes.
There are currently 3 units in the building for sale. A one bedroom for $345,000, a two bedroom for $519,000 and a penthouse for $629,000. The last sale in the building was for 430k with the 2 previous sales dating back to 2005. The sales price on those units were 700k for a super decked out corner unit and a 575k for another unit that I did not get to see. As the price of the condos goes up I think you have fewer sales as people can afford to keep them longer.
There are currently 38 condos in the Warehouse District for more than 500k that are for sale . This number does include several pre-sales. There are 11 units for more than a million. The best of the units are selling but the competition is stiff for the things that people want. Its much more than just the size of the unit in this price range.
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New Orleans Warehouse District Condo Update-July 2008
July 13th, 2008 categories: Market Trends, Warehouse District
The heat and humidity of the New Orleans summer is upon us but sales are still happening. Sellers have a nice unit and it has to be priced right to get the buyers attention. The big trend that I have noticed is the demand for the 300-400k,` 2 bedrooms are way up over that of a year ago. I have sold several units this year around the 300k price to people that are buying them as second homes. This second home segment of the market was missing last year. You also see more people coming for jobs that are also buying condos as their primary homes.
There are currently 181 units listed as active which includes some pre-sales and a good number of developer units. There have bee 38 sales since May and there are currently 33 units under contract. The price levels remain rather stable year over year. Condo fees have leveled off as the effects of Katrina have vanished from the scene in this area of town. The energy prices seem to be having little effect on the area.
The energy prices may be having a positive effect on condo sales. The commutes are small and the need for a car is much less in a downtown area. You can walk more or take the streetcar to avoid the increased fuel prices. I tend to see an even split of locals and new comers choosing this area as place to settle.
The expansion of the World War Two Museum in the Warehouse District is moving along will a completion date of next summer. The expansion will triple the size of the present day museum. There are several new apartment complexes expected to be completed in the next year as well. Lots of construction in the area.
Rentals have been hard to find as owners are not renting the units out as much and the demand has eaten up most of the supply in most of the complexes.
My son Marcus just moved back for Houston for a better job, now that is a switch. He had been there since Katrina and wanted to return to a small town.
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Warehouse District Condos New Orleans-825 Lafayette Street Condos
June 22nd, 2008 categories: New Orleans Condo Reviews, Warehouse District
Quintessential Warehouse Living at its finest. The large spaces, over-sized windows, polished concrete floors, lots of light, plenty of storage space, with large bedrooms make these a nice choice if you need space . The 825 Lafayette Condos are located on a quiet street in the New Orleans Warehouse District. The complex is half a block from Barone near the old Civic Theater which is now apartments.
The 12 unit 5 story building was an early conversion in this area. The first floor is all garage parking with secure entrance on Lafayette Street. The condos in this area tend to be larger units with fewer units as the type of buildings change from those nearer the Mississippi River. More storage and office warehouses and less manufacturing such as the Cotton Mills, Fibre Mills, and the Bakery.
The units are very large for the Warehouse District and are a true warehouse look with concrete floors, exposed beams, brick walls giving you that rustic warehouse look. The units range in size form 1500-2000 sq. ft. of living with each unit having at least one parking spot in the garage. Each has at least 2 bedrooms and 2 baths. The bedrooms are large with plenty of storage with large closets. Read the rest of this entry »
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New Orleans Warehouse District Condos-1000 St. Charles Ave Condos-They face Lee Circle
June 21st, 2008 categories: New Orleans Condo Reviews, Warehouse District
These condos are unique for the New Orleans Warehouse District for several reasons. All the units are at least 1300 sq. ft. and all are two bedroom and two bath units. The views from the extra large windows are outstanding as the units face St. Charles Ave and Lee Circle. There is garage parking on the first floors. The four story building house 12 units which makes it one of the smaller complexes in the area with some of the bigger units. The building was converted into condos in 2003 and turnover has been small since that time.
The units feature open floor plans with 13 foot ceilings, old pine floors, plenty of storage, granite counter tops, stainless appliances, brick walls in each unit and large bathrooms. The garage entrance is on the side street with an elevator to the floors. The buildings is about 100 years old but looks to be well maintained. Here you get the Warehouse Feel and lots of space with nice updates. The St. Charles Street Car line is at your front door.
There are 2 units for sale in the building now. One is 399k and the other is 349k. The 349k one should be selling any day now as both are very much alike in terms of size. I had better get busy and find a buyer.
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Warehouse District adds Audubon Insectarium, it adds value to the area!!
June 18th, 2008 categories: Art , Music , Parks, Warehouse District
The new Audubon Insectarium opened up last week. What does this have to do with New Orleans Condos? The Warehouse District where the Insectarium just opened up is between the New Orleans French Quarter and the Warehouse District. The Warehouse District Condos area is the “trendy location” for condos in New Orleans Downtown . Each time another Museum or venue opens it attracts more people to the area.
People get exposed to the area that do not know what the area offers. People spend money and the area develops businesses to take advantage of the people. It becomes more of a family destination and builds on itself. People take notice and begin to consider the area for a second home. Its family friendly and you can walk everywhere for unique experiences. This may not be in Houston where you drive 50 miles to get a sno-ball.
Museums such as the Insectarium, Aquarium of Americas, and the World War II Museum are changing the landscape and the values of the area. Its positive for the future growth of the area and the tax base. Jobs follow these developments and people like quality of life developments. This is new for New Orleans but a natural as we will see. As per a recent Gambit Article you can see below.
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Mills Row Condos, New Orleans Warehouse District located at 450 John Churchill Chase, few left!
June 7th, 2008 categories: Warehouse District
The Mills Row Condos in the New Orleans Warehouse District were constructed in 2005 as new condos and were finished after Hurricane Katrina. They are located on the corner of Tchoupitoulas and John Churchill Chase right behind the Federal Fibre Mills Condos. The 5 story building is concrete construction with most of the first floor being parking. The 31 units are one and two bedroom units. All the two bedroom units have exterior views while the one bedrooms have a view of the Courtyard.
The units that had the best city views were the first units to sell regardless of price. The next units to go were the ones that featured the best floor plans. All the units with great views were two bedroom units. The one bedroom units also sold well with the larger one having parking. The price points were in the 200-250 range depending on size.
The one bedroom units were interior units overlooking the courtyard. Most of the units had parking in the garage, all the two bedroom and the expensive one bedrooms. Parking was deeded with the units. The units had high ceiling and many of the two bedroom had balconies. Elevators and a secure lobby make the units a short walk from the garage.
There are 8 units left and are being marketed by Talbot Reality. There are 7 two bedroom units that range in price from about 350k to 400k for the larger units. I still like a couple of the units and they are brand new. It is great to have parking and if you need another space there is a garage about half a block away where you could rent a spot. The prices work out to about $300 per sq. ft. and below.
New units are not easy to find in the Warehouse District. The bathrooms tended to be large as was the main living was open. The closets were large and the ceilings are high with all new appliances, cabinets, and wood floors in the living areas. Carpet in the bedrooms.
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Warehouse District Condos, Fulton Street Developes into a destination?
May 22nd, 2008 categories: Warehouse District
Fulton Street in the New Orleans Warehouse District is developing a destination of its own. As more people are living and visiting the Warehouse District and Harrah’s Casino the area is going to develop further. The area is growing because the demand is there from the local residents and the many tourist that visit the area. There are several new additions to the area. Ruth’s Chris Steak House recently announced its presence in Harrah’s Hotel. Most of the locals know Ruth’s Chris started in New Orleans.
“The announcement comes just a few months after the official opening of the Fulton Street Mall, which is situated between the new Harrah’s Hotel and Gordon Birsch, a popular micro-brewery specializing in exotic-flavored beers and fine dining. The one-block-long mall has been closed to vehicular traffic and is fast emerging as a popular destination for casual strollers in the downtown area.”
”Already open along the mall, in addition to Harrah’s Hotel and Gordon Birsch, are 528, an upscale music club featuring popular local musicians, and Riché, Chef Todd English’s latest restaurant. The mall offers numerous chairs and tables for those who like to dine and drink outdoors and fine artwork, including a series of bronze sculptures of old-time jazz musicians.”
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One River Place Condos, New Orleans Warehouse District Luxury Condos
May 18th, 2008 categories: New Orleans Condo Reviews, Warehouse District
The One River Place Condos at 3 Poydras Street are one of the few high rise condos in the New Orleans market that takes advantage of the Mississippi River Views. The luxury condos have been around for a while and many of the units have been updated over the last 20 years . The 14 stories features 81 units of varying sizes and views. The first 3-4 stories are parking and a luxury lobby and common areas.
The higher price units are those facing the Mississippi River and have balconies overlooking the River. These were built before the Warehouse District was named. The river views are the more expensive units with those with no river views being the cheapest.
Amenities include valet parking and in house security personnel. The pool and patio over looking the Mississippi River are second to none. There is a fitness and exercise center. There are some great common areas that are often used for entertainment and parties. You have access to the Hilton Hotel where there are 8-10 indoor tennis courts and a full service work area and gym. The fees are reasonable for the gym in the Hilton.
The condo fees are high but so are the services at One River Place. The building is very secure, well managed, and always has security on duty.
You can see the Mississippi River Bridge in the background. Many of the 20 year old units have been upgraded over the years and have some fantastic renovated units. Two of our local sports stars live here. Reggie Bush with the New Orleans Saints and Chris Paul with the New Orleans Hornets.
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625 St. Charles Ave., New Orleans Luxury Condos in the Warehouse District.
May 8th, 2008 categories: New Orleans Condo Reviews, Warehouse District
The 625 St. Charles Ave Condos are Luxury Units in the New Orleans Warehouse District. The condos are 7 years old and were built as condos. The 11 story building is in a fantastic location on St. Charles Ave across from Lafayette Square in downtown New Orleans. The 39 units are at least all two bed room plus and two bath starting at about 1300 sq. ft going up to about 3000 sq. ft. units for the four Pent House Condos.
The building on the far right is Gallier Hall and the bleachers in the foreground were getting ready for the Mardi Gras parades to roll this past season. The streetcars roll by your front door and you can walk to many a high class meal from this location. Its an easy walk to the Louisiana Super Dome, New Orleans Arena, Federal Courts and the French Quarter.
The 625 St. Charles Ave. Condos features include 2 parking spots in the garage for each unit. The security is 24 hours and very secure. There is an indoor lap pool and fitness room. There is a common area conference room, catering kitchen and reception area on the second floor. Most of the units are custom built outs by the owners so very few or none are going to look the same.
There are currently 5 units for sale ranging in price from $635,000 to 1.9 million. All the units have been listed in the last 60 days. The complex has have 6 sales since 2006 as the condos tend to have long term owners and some been forced to move due to Katrina. The views are going to vary by the story and the direction of the units.
The units generally start in the upper five hundred range up to million plus for the large pent house units. I have seen a couple that I have really liked and some that had no appeal at all. It all depends upon how the units were finished off by the original owners. Read the rest of this entry »
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Warehouse District Condos, Sugar Plantation Condos at 840 Tchoupitoulas Street
May 4th, 2008 categories: New Orleans Condo Reviews, Warehouse District
The Sugar Plantation Condos were a new condo development that opened for pre-sales in the Spring of 2005. The condos were basically new construction with the exterior walls of an old warehouse. The 43 units sold with the first week of being offered. At the time they were about 80% complete. Most of the units were 2 bedroom units. All the units had garage parking and a storage area.
The Warehouse District condos featured granite counter tops, stainless steel appliances, polished concrete floors, open kitchens with plenty of cabinets, full size washer and dryers, high ceilings, crown molding and large master suites. The more expensive units had patios, street views, balconies and were larger. Most of the units had at least one exposed brick wall for that New Orleans Warehouse feel. The units had an upscale feel to them. The developer did not put up enough lights in the units but people have chosen their own lights to brighten things up.
The developer finished off all the units in the same fashion and the buyers were not allowed to pick and chose their colors and cabinets.
The common areas included a pool with a courtyard. There are 2 elevators. The garage entrance is on Commerce with inside access to the lobby and thge condos. Each unit had a large storage area on the first floor. There is a first class party and meeting room. There is also a small gym looking out onto the pool area. The courtyard is and pool are surrounded by units and the excercise room on the gound floor.
Today’s pricing is giving the initial investors a tidy profit. The smaller units are going in the upper 380K range and the nicer units right under 500k depending on size, views and the location with the complex. The prices have remained steady for the most part of the last 2 years. There normally seems to be about two condos in the building for sale at any given time. The less expensive units do not have any great views and you often face a brick wall.
The new kitchens were large and generally opened into the living areas. There is ample cabinets and counter space in all the units. Some of the larger 2 bedroom units will have a small study. These are the units over 1500 sq. ft. The smaller units are in the 1200 to 1300 sq. ft. range. The building itself is very quiet and the units are quite spread out. There are no units on the first floor. Read the rest of this entry »
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