Commercial Real Estate Firm Redevelops Multi-Family Building in Old Jefferson
SVN | Urban Properties Adds to its Real Estate Portfolio with Recent Partnership
New Orleans (October 12, 2021) – SVN | Urban Properties, a New Orleans-based commercial brokerage, property management and development firm, has partnered with real estate investor Anthony Marullo to purchase a multi-family property at 261 Jules Avenue off of Jefferson Highway near Ochsner Health System’s main campus.
Rendering courtesy of CICADA
The existing three-story structure was built in 1962, totaling 18,800 square feet on one half acre of land in Jefferson Parish. USVN | Urban Properties is planning a cosmetic renovation of the 36-unit (32 one-bedroom and 4 two-bedroom) apartment building. The renovated apartment building will offer modern multi-family residential housing in an area that lacks updated options.
Michael Bucher, Partner and Director of Development at SVN | Urban Properties, is leading the acquisition and renovation. “We are pleased that Marullo chose to partner with SVN | Urban Properties on this multi-family opportunity in Jefferson,” said Bucher. “Our firm saw this as a unique opportunity to add multi-family to our real estate portfolio, as well as meet a need for suitable housing for area healthcare workers in close proximity to Ochsner’s largest hospital in its system.”
CICADA is the architect on the project, Hive Construction is the contractor, and The First Bank provided the financing. SVN | Urban Properties will handle the project management of the renovation process, along with leasing of the units and then overseeing property and asset management of the completed development. Move in is slated for late Spring 2022.
This is SVN | Urban Properties’ second notable project with Marullo in the past several months. SVN | Urban Properties was selected as the exclusive broker and property/asset manager for the Louisiana Revitalization Fund, a $100 million real estate fund. Since inception, the fund has deployed over $20 million in Metairie, New Orleans, and Shreveport, LA.
Rendering courtesy of CICADA
Announcing the 2021 Excellence in Construction & Real Estate honorees
Announcing the 2021 Excellence in Construction & Real Estate honorees
By: Natalie Chandler, Editor May 19, 2021
New Orleans CityBusiness has chosen its 2021 Excellence in Construction and Real Estate class, recognizing professionals who have led the way in the areas of investment, jobs created and potential impact in the New Orleans area. The honorees are:
Architects
Steven Bingler
Kyle D. Domangue
Justin Greenleaf
Charles Neyrey
E. Will Tregre
Commercial Real Estate Agents
Josh Fogarty
S. Parkerson McEnery
Developers
Mac Bauer
Jackie Dadakis
Paul Flower
David Fuselier
Robin Keegan
Tyler Robinson
Philip Sherman
Estimators
André Camenzuli
Patrick N. Descant
General Contractors
Ryan Allen
Erin Comeaux
William Cummings
Michael DeGruy
Chris Michel
Home Builders
Stephen Fleishmann
Tim O’Rourke
Katy Reynolds
Angelica Rivera
Interior Design/Staging
Allison Looper-Chalmers
Project Managers
Michael Bucher
Michael Cooper
Trevor Dowd
David E. Dupré
Blake Thomas Gidman
Matt Rome
Mark Salvetti
Lee Wilkens
Residential Real Estate Agents
Glennda Bach
David Favret
Micah Loewenthal
Melissa Burns McClendon
Brett A. Rector
Lisa Shedlock
Liz Tardo
Rising Star in Construction
Bradley Holland
Rising Star in Real Estate
Gary Anderson
Amy Breen
Herbert Dubuisson
Subcontractors
Mindy Nunez Airhart
Lawrence Bernard
Kurt Garris
Ben Gootee
Kyle Sharbonno
A special Excellence in Construction and Real Estate insert profiling all honorees will run in the July 30 issue of CityBusiness. A virtual event celebrating our honorees is scheduled for noon July 27. To register for the event, contact Marilyn Miller at mmiller@nopg.com. For more information contact Natalie Chandler at nchandler@nopg.com.
Biz NO - Mixed-Use Development on Constantinople Under Construction
A nearly $2 million historic redevelopment of the 11,600-square-foot building at 1733 Constantinople Street – next to Martin’s Wine Cellar – is slated to be complete this summer.
The architecture group CICADA and the construction team at Perrier Esquerré Contractors were tapped to bring this historic property back to life. The newly revitalized building will offer a variety of spaces for commercial lease on the ground floor and four residential apartment units on the second floor.
Mixed-Use Development on Constantinople Under Construction
03/29/2021 Site Staff
The former Fine Arts Theater at 1733 Constantinople Street will be home to new residences and commercial units. (Photo provided by SVN | Urban Properties)
NEW ORLEANS – A nearly $2 million historic redevelopment of the 11,600-square-foot building at 1733 Constantinople Street – next to Martin’s Wine Cellar – is slated to be complete this summer.
The architecture group CICADA and the construction team at Perrier Esquerré Contractors were tapped to bring this historic property back to life. The newly revitalized building will offer a variety of spaces for commercial lease on the ground floor and four residential apartment units on the second floor.
“The restoration is a balance of old and new. It contributes to the heritage of the city by preserving the considerable cultural, social, and architectural history represented by the century-old Fine Arts Theater built in 1917,” said Perrier Esquerré Contractors Project Manager Lee Cooper in a press release. “And the design was redone using best practices to make the commercial spaces as responsive as possible to COVID protocols and sensitivities, such as private entrances for each space, and touchless entry.”
The development will be anchored by DEVENEY, a local marketing firm, using 4,700 square feet and fronting Constantinople Street. The new units provide an inspiring workspace for design, technology, and engineering professionals, as well as contemporary food and beverage, fitness, and retail concepts. Currently, there is a planned fitness concept, as well as a boutique medical user that hopes to be part of the project.
“Being able to breathe new life into this building and bring it back into commerce in a thoughtful way has been one of the most enjoyable challenges we’ve worked on to date,” said CICADA Partner James Catalano. “We wanted to honor this historic structure by keeping its original theater spirit, while also adding new design elements and spaces that work for the modern user. Our team is proud to be a part of the larger revitalization of this Baronne Street corridor by reviving this historic neighborhood gem.”
SVN | Urban Properties is listing the three commercial downstairs units in the development, which are currently leasing at $22-25 per square foot gross. Click here for more information.