Superb French Quarter Restoration
519 Iberville Street, New Orleans
Latter & Blum and Brigitte Fredy are pleased to present a stunning restoration of two historic mid-nineteenth century French Quarter townhouses into eight luxury apartments plus first floor retail space in a superb location. Completion is scheduled for Fall 2007.
Located across the street from the Marriott hotel and adjacent to the House of Blues, these units will provide the ultimate in luxury and convenience. The property is only two blocks from New Orleans' sophisticated shopping destination: Canal Place, home to Saks Fifth Avenue, Pottery Barn, Morton's Steakhouse, Brooks Brothers, Williams Sonoma, Banana Republic, a four screen movie theatre, the Southern Repertory Theatre and a host of other shops, and is only a short stroll to Woldenberg Riverfront Park, Café Du Monde and the Aquarium of the Americas.
The scope of the renovation work has been approved by the Vieux Carré Commission and the sellers are rehabilitating the building in accordance with the Secretary of the Interior's "Standards for Rehabilitation" and "Guidelines for Rehabilitating Historic Building" in order to qualify for the maximum tax credit possible. The Louisiana Division of Historic Preservation will determine the final tax credit for this project but it is anticipated that between $840,000 and $880,000 of tax credits will be approved for this property for use or sale by the purchaser.
The owners have incorporated first-class materials and workmanship into every phase of this development. Amenities include exposed brick walls, hardwood floors, high ceilings with crown molding, Travertine kitchen floors, Kohler fixtures, granite countertops, high-end cabinetry, washer dryers in each residential unit, marble baths with spa tubs and extra-large closets and additional storage area.
| Gross Building Area: | Appr. 11,365 sq. ft. | |
| Lot Dimensions: | 42.7.4 X 107.4/107 | |
| Lot Area: | 4,567 sq. ft. | |
| Unit Mix: |
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| First Floor | ||
| Retail Bay: 1,162 sq.
ft. Tenant Storage: 561 sq. ft. Mechanical Room: 264 sq. ft Corridor: 293 sq. ft. |
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| Second Floor | ||
| One bedroom, one
bath unit: 502 sq. ft. One bedroom, one bath unit: 511 sq. ft. One bedroom, one bath unit: 497 sq. ft. One bedroom, one bath unit: 509 sq. ft. |
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| Third Floor | ||
| Two bedroom, two bath
unit: 1,058 sq. ft. Two bedroom, two bath unit: 1,061 sq. ft. |
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| Fourth Floor (includes loft) | ||
| Two bedroom, 2˝ bath
unit: 1,646 sq. ft. Two bedroom, 2˝ bath unit: 1,660 sq. ft. |
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Notes: Second floor apartments facing Iberville Street will have private street balcony access. Second and third and fourth floor units on the courtyard side will have gallery access. Balcony and gallery areas are not included in the square footage of the living areas listed above. All residential will have access to a private bricked courtyard and fountain. All upper floors will have elevator access. The fourth floor penthouse units will also have private elevator access. |
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Price: $3,750,000
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 Cabinetry |
