New Orleans to Build New Crop of high-end Condos
After years of touring apartments, John and Kim Andrews of Laguna Hills were soon to give up on finding a spot in their beloved New Orleans area. The Andrews typically looked in industrial buildings and had yet to find anything that really knocked them out.
The couple recently walked by the sales office of the Standard, still under construction. The building, designed by Morris Adjmi, offers 89 luxury condos, an outdoor pool, outdoor kitchens, a concierge, and covered parking. This property included features that reminded Mr. Andrews of the properties in New York or Los Angeles. They signed a contract for a 1,407-square-foot two-bedroom with two baths for just over $1.1 million.
For the first time, New Orleans has a critical mass of luxury condos set to enter the market, deluxe finishes and amenities included.
"Developers—some local business people relatively new to real estate—are betting they can lure a more discerning, affluent buyer: empty nesters shedding suburban houses for the city’s walkable downtown, and newcomers ready to buy into the Big Easy’s eclectic lifestyle."
To learn more about various Luxury Condos construction in the U.S click here.