Local Investors Acquire Former Times-Picayune / Drive Shack Property
SVN | Urban Properties Assists in the Acquisition of Howard Avenue Site
New Orleans (November 30, 2022) – SVN | Urban Properties, a New Orleans-based commercial brokerage, property management and development firm, represented the buyer of the former Times-Picayune site at 3800 Howard Avenue, where Drive Shack had begun construction on its now stalled project.
Advisor Sam Hurley and Eugene Schmitt, Managing Partner at SVN | Urban, represented the buyers, brothers Alex and Nick Xiao, who plan to develop an entertainment golf concept. “I am grateful for the opportunity to advise the Xiao brothers on this complex transaction,” said Hurley. “I have been very impressed with the brilliant team they have assembled to develop this iconic site, which will become the gateway entrance to our CBD. This concept will be first class in technology, entertainment, and cuisine all built on a local flair.”
This acquisition is a starting point to develop a fully-integrated entertainment concept for the city. Flite Golf & Entertainment is the primary technology and operations consultant on the project with the architectural, engineering, and construction teams to be announced shortly. The $40 million project is called 504 Golf with plans to open as early as Spring 2024.
Commercial Real Estate Firm Expands Its Operations Team
New Orleans (October 3, 2022) – SVN | Urban Properties, a commercial brokerage, property management and development firm, is pleased to announce it has hired Ryan Bridges as Associate Advisor.
The newest addition to the firm, Bridges will focus on expanding the firm’s coworking concept, UrbanHUB, and will also support the brokerage and property management teams. She will obtain her real estate salesperson license in 2023, adding another dynamic member to SVN | Urban’s growing brokerage team.
Prior to joining SVN | Urban, Bridges spent the past four years in hospitality operations for Sonder ranging from warehouse logistics to property management and operations management. Before that, she spent more than five years in procurement for Boeing. Originally from Virginia, she holds a Bachelors of the Arts in Sociology from the University of Virginia.
“We are excited for someone with Ryan’s experience to join our team in this dual role,” said Michael Bucher, partner and Managing Director of the firm. “Ryan’s operations and property management background will be pivotal to expanding our coworking concept across the GNO area and bring a level of sophistication to projects that can be enhanced by that dedication and attention.”
In her spare time, Bridges began her journey as a birth doula supporting parents through their pregnancy and birth journeys. She loves making memories with her family, usually trying new local restaurants and you can find her practicing to be a contestant on her favorite Food Network shows.
We are now, SVN | Urban Properties
Urban Properties Expands and Strengthens Client Services By Joining SVN® in New Orleans
The strategic partnership brings new and expanded brokerage and property management services to the greater New Orleans metropolitan area.
New Orleans, La (March 8, 2022) – Urban Properties Real Estate, LLC, a commercial real estate brokerage, development and property management firm based in New Orleans, is excited to announce it has joined one of industry’s most-recognized brands, SVN®. Operating as SVN | Urban Properties, the firm now harnesses the expanded reach of SVN International Corp. (SVNIC), headquartered in Boston, MA, joining an international network of 1,600+ Advisors in 200 offices serving over 500 markets.
Led by its four partners, Managing Directors Eugene Schmitt, Tyler Robinson, Michael Bucher and Timothy Thompson, SVN | Urban Properties offers its expert commercial real estate brokerage and property/asset management services across Southeast Louisiana. Through this new strategic partnership, the entire SVN | Urban Properties team gains unlimited access to industry leading-edge commercial real estate tools, technology, and systems that maximize clients’ time and return.
“Our top priority is getting the most value for our clients and we believe national exposure via a top commercial real estate brand that markets to the entire brokerage community is the most effective way to do that,” says Eugene Schmitt, Partner/Managing Director of SVN | Urban Properties. “With SVN we gain expanded visibility and marketing dexterity to deliver the best value possible no matter the geography or asset class. We now not only reach business owners across town, but also investors across the globe.”
SVN is the only major commercial real estate brand that markets all its qualified properties to the entire brokerage and investment community. Participating in approximately $12.5 billion in sales and leasing transactions in 2020, SVN Advisors shared commission fees with co-operating brokers in order to close more deals in less time and at the right value for clients. Advisors also reap the benefits of our SVN | Live™ Open Sales Call, cloud-based technology and national product councils. This open, transparent, and collaborative approach to real estate is the SVN Difference.
To learn more about SVN | Urban Properties, visit www.urbanproperties.com.
About SVN | Urban Properties
SVN | Urban Properties was founded in 2015 to serve clients’ real estate needs in the Greater New Orleans market. As part of the SVN® brand, they are able to represent clients in sales, leasing, and management in over 500 markets. SVN Advisors represent more than 6,000 clients worldwide in auction services, corporate real estate, distressed properties, golf & resort, hospitality, industrial, investment services, land, medical, multifamily, office, retail, self-storage, and single tenant investments. All SVN® offices are independently owned and operated. For more information, visit http://www.svn.com or www.urbanproperties.com.