CRE Firm Completes Multi-Family Redevelopment in Old Jefferson Near Ochsner
SVN | Urban Properties is Now Leasing One & Two Bedroom Units at the Studio Arms Apartments
New Orleans (November 1, 2022) – Urban Properties Real Estate, LLC, a New Orleans-based commercial brokerage, property management and development firm, has completed the full renovation of the Studio Arms Apartments, a three-story multi-family property located at 261 Jules Avenue off of Jefferson Highway near Ochsner Health System’s main campus.
The ribbon cutting ceremony will take place on November 14th at 11 a.m. with Councilman Deano Bonano in attendance.
Urban Properties began the renovation of the 37-unit apartment building last fall. The updated building offers modern units and amenities in an area that lacks updated options. The existing structure was built in 1962, totaling 21,000 square feet on one-half acre of land in Jefferson Parish.
Michael Bucher, Partner and Managing Director at Urban Properties, led the acquisition of the property and its renovation. “Studio Arms adds the first multi-family property to our real estate portfolio. We thought this was an excellent opportunity to meet the housing demand for area healthcare workers near Ochsner’s largest hospital system.” said Bucher.
CICADA was the architect on the project and Reeves Construction Group was the contractor. Urban Properties handled the project management of the entire renovation process. SVN | Urban Properties is currently leasing the units and then will oversee property and asset management of the property. For leasing information, please call: (504) 264-6141 or visit www.studioarms.com.
Uptown Commercial Historic Development Now Complete
Ground Floor Fully Leased to Four Commercial Tenants, with DEVENEY as Anchor Tenant
(NEW ORLEANS) – October 19, 2022 – The historic mixed-use redevelopment of 1733 Constantinople Street is now complete and offers a new destination in the active Baronne Street corridor in Uptown New Orleans.
The 11,600-square-foot, two-story building is adjacent to Martin Wine Cellar and features four commercial tenants. DEVENEY, a full-service marketing agency, is the anchor tenant at 1733 Constantinople Street. The three remaining commercial tenants face Baronne Street and include:
· Zee’s Pizzeria, now open at 3914 Baronne St.
· Lucy Boone Ice Cream, coming soon at 3916 Baronne St.
· Sol Cura, hair & skincare, slated for this fall at 3920 Baronne St.
The newly revitalized building offers a variety of space and sizes for commercial use on the ground floor, created with the goal of providing an Uptown home for local, growing companies, as well as four residential apartment units on the second floor. Genevieve Douglass and Henry Shortess at SVN | Urban Properties exclusively listed the retail units in the development.
“Assisting the owners of this building with their vision for the redevelopment and helping to bring it to life, was such a rewarding project,” said Genevieve Douglass, the leasing agent for SVN | Urban Properties. “We wanted to provide a mix of public-facing businesses to drive traffic to the block and cater to the neighborhood residents. It was a great opportunity to showcase a revered marketing leader and give three other outstanding local businesses their first brick-and-mortar locations and a storefront for their patrons to visit.”
The building was originally a theater built in 1917, and local architecture firm, CICADA, and general contractor, Perrier Esquerré Contractors, brought this historic property back to life after being out of commerce for more than a decade. This new development contributes to the vibrant Milan neighborhood, situated across from Beth Biundo Sweets, and in between two nearby and noteworthy hotel renovations, The Chloe and Columns.
“Part of our agency’s culture and history is restoring deteriorated historic property (starting in the Garden District 25 years ago, then the Faubourg Marigny, then Magazine Street in the Lower Garden District) and contributing to the economic strength of its neighborhood,” said John Deveney, president of DEVENEY. “DEVENEY is proud to contribute to the incredible renaissance of the Baronne Commercial District in the Milan neighborhood of New Orleans. Embracing the remnants of memories past has made for an inspiring workspace that cultivates creativity and collaboration.”
Local Developer Managed the Redevelopment of the Former Winn Dixie in Mandeville
New Orleans (July 26, 2022) – SVN | Urban Properties, a local commercial brokerage, property management and development firm, recently completed the renovation at 619 N. Causeway Blvd., Mandeville, transforming half of the former Winn Dixie into the newest location of Altitude Trampoline Park. The 30,000 square foot park opened on Friday, July 22.
This is the second Altitude location in the greater metropolitan area, with the first being on Northshore Blvd in Slidell, and the second renovation that SVN | Urban has overseen for the franchisees. Michael Bucher, Managing Director, and Dick Cyr, Project Manager, led the redevelopment and project management, and Tyler Robinson, Managing Director, handled the leasing of the space for SVN | Urban Properties.
The Dimension Group, an architecture firm out of Dallas, led the design and DonahueFavret Contractors, based in Mandeville, handled the construction. The park features over 10,000 square feet of trampoline area, a multi-sport court, two golf simulators, a kids’ play area, four party rooms, and a small restaurant and bar.
“Being brought in to oversee the project by the franchise owners for a second location is a testament to Urban’s client-centric approach to providing comprehensive project management services,” said Mr. Bucher. “Even though this was the second time building out a trampoline park, each project presents unique challenges and this one was no different. Our team, led by Dick Cyr and DonahueFavret, did a tremendous job of transforming this vacant grocery store into a much-needed entertainment amenity for the North Shore in just five months.
Redevelopment of Tulane Avenue Warehouse Is Underway
NEW ORLEANS – From SVN | Urban Properties:
SVN | Urban Properties — a New Orleans-based commercial development, property management, and brokerage firm — is overseeing the historic renovation of a Mid-City warehouse at 4201 Tulane Avenue, on the corner of Tulane Avenue and S. Solomon Street. The owner/developer, KCT Real Estate LLC, is a real estate investment company owned by Tony and Katherine Gelderman, whose previous historic redevelopment projects include 800 Magazine Street, 353 Carondelet Street and the Rink at 2727 Prytania Street.
Built in the early 1920s, 4201 Tulane Avenue is a two-story, 36,000-square-foot structure, and is the former home of Riecke Cabinet Works (1925-1971) and Lighting Inc. (beginning in 1972). SVN | Urban Properties is managing the complete historic renovation process, the first phase of which includes structural rehabilitation, a new roof, and restoring the windows and exterior metal panels to honor the original 1920s façade. Additional phases will include building out the interior space once user(s) have been identified. Ownership expects an announcement will be forthcoming in early 2022.
“The Preservation Resource Center of New Orleans is excited to receive a preservation easement on this historic warehouse, which will protect this building in perpetuity, and for the opportunity to work with the owners to ensure that the historic renovation is of the highest quality,” said Danielle Del Sol, executive director of the PRC. “This project is a huge win for the City of New Orleans, and we’re proud to be a part of it. The PRC is thrilled to see the new life that will be breathed into this part of Tulane Avenue by KCT Real Estate and SVN | Urban Properties.”
Construction began in December 2021 and will last six months. Rome Office is the architect for the project and Trine Builders is the general contractor.
Michael Bucher, partner and director of development at SVN | Urban Properties, is leading the project.
“We are very grateful that the Geldermans chose SVN | Urban Properties as its project manager on this historic redevelopment,” he said. “Due to the age of the building and complexity of the renovation, it took a bit longer to launch than we expected, and we are excited to finally be underway. This location at Carrollton Avenue and Interstate 10 in Mid-City lends itself to so many possibilities.”
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