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Rejoice, rejoice ... Buyer pays $33 million for flood-damaged St. Jean Apartments
Posted on 8/21/17 at 6:42 pm
Posted on 8/21/17 at 6:42 pm
And just think, this picture was taken before the flood ...
quote:
Audubon Communities' website shows the firm has 15 complexes in its portfolio, including three Louisiana properties: the 220-unit Bella of Baton Rouge; 268-unit American Can Apartments in New Orleans; and 384-unit Tanglewood in Westwego.
The Advocate - Full Story
11
Posted on 8/21/17 at 6:42 pm to Will Cover
This north or south BR?
Posted on 8/21/17 at 6:43 pm to Will Cover
If it's still section 8 than it won't matter
Posted on 8/21/17 at 6:43 pm to Will Cover
I remember the strident opposition to this development back in 1995. Several neighborhoods had signs that said "no st Jean apartments"
Posted on 8/21/17 at 6:44 pm to 50_Tiger
quote:
This north or south BR?
It's a little slice of NBR right off of South Harrells Ferry near O'Neal
Posted on 8/21/17 at 6:44 pm to Will Cover
How the hell is this place worth $33 million but Cortana Mall is only worth $6 million?
Posted on 8/21/17 at 6:44 pm to jdeval1
Oh boy RIP.
Posted on 8/21/17 at 6:45 pm to Brosef Stalin
quote:
How the hell is this place worth $33 million but Cortana Mall is only worth $6 million?
Guaranteed government rent payments
Posted on 8/21/17 at 6:47 pm to Paul Allen
quote:
Several neighborhoods had signs that said "no st Jean apartments"
There are some nice neighborhoods off of S Harrells Ferry too
Posted on 8/21/17 at 6:51 pm to Brosef Stalin
quote:
How the hell is this place worth $33 million but Cortana Mall is only worth $6 million?
Because theoretically someone could knock this apartment complex down and actually build something of value ... and South Harrells Ferry Road, along with White Oak Landing still have some very nice properties.
O'Neal Lane on the other hand is a giant disaster.
Posted on 8/21/17 at 6:54 pm to Will Cover
Those apartments have been a fricking eyesore for at least the last 10 years
Posted on 8/21/17 at 7:30 pm to Will Cover
quote:
Audubon Communities'
Here's your mixed income apartments folks
Posted on 8/21/17 at 7:33 pm to ellishughtiger
quote:
Here's your mixed income apartments folks
That would be a significant upgrade.
Posted on 8/21/17 at 7:36 pm to BR Tiger
American Can actually does not seem bad in NOLA. You have to keep a job or you get evicted. I've heard they have a good security system to which prevents jackasses turning common areas to the hood.
Posted on 8/21/17 at 7:49 pm to Paul Allen
quote:
I remember the strident opposition to this development back in 1995. Several neighborhoods had signs that said "no st Jean apartments"
Jay's Donuts led the charge. To no avail.
Posted on 8/21/17 at 8:03 pm to Will Cover
I worked that complex sat night of flood from
10-3am, that place wasn't as bad as I thought it'd be. Few a holes, but in general they were okay. Contrary to some LEO telling us not to go without escort.
10-3am, that place wasn't as bad as I thought it'd be. Few a holes, but in general they were okay. Contrary to some LEO telling us not to go without escort.
Posted on 8/21/17 at 8:13 pm to Capt ST
Does it have to be section 8? They were actually really nice when it opened. Lots of young couples and families. Had friends that lived there and they never had any trouble. The bigger eye sore is all those duplexes and four plexs just south harrells ferry on O'Neal. They are falling apart and surrounded by great neighborhoods..
Posted on 8/21/17 at 8:42 pm to brmark70816
quote:
Does it have to be section 8
They will most likely be mixed income where you pay what you bring in each month. Joe may bring in $35k a yr and pay $700/mt while Sally brings in $18k a year and pays $350/mt. The government will send Audubon Properties a nice check each month to replace to difference. I don't think the term section 8 is used as widespread anymore. A lot of places have restrictions that you must keep a job in order to live there. This keeps out the rift raft.
Posted on 8/21/17 at 8:46 pm to Will Cover
Those apartments were hit pretty hard. That land is flat and the Amite flooded them out as early as Saturday morning when the rest of that area didn't flood until Sunday morning.
Posted on 8/21/17 at 8:47 pm to ellishughtiger
quote:
American Can actually does not seem bad in NOLA. You have to keep a job or you get evicted. I've heard they have a good security system to which prevents jackasses turning common areas to the hood.
They have some badass apartments there. Supposedly a bunch of strippers/callgirls live there.
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