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Posted on 10/1/20 at 4:41 pm to John Wayne
quote:Who the hell is buying all those Warehouse District condos? There aren't enough jobs in Nola's shitty economy to support all these 500k+ condos.
One-bedroom units range from $1,685 to $2,930, and two-bedroom living spaces range from $3,085 to $3,510 per month.
This post was edited on 10/1/20 at 4:42 pm
Posted on 10/1/20 at 4:44 pm to brewhan davey
quote:
features 271 ... units
quote:
200 parking spaces
Hard pass.
Posted on 10/1/20 at 4:46 pm to DoctorTechnical
Those parking spaces aren't free either, you are probably looking at about $250 a month on top the rent for a parking spot
Posted on 10/1/20 at 4:46 pm to yaboidarrell
quote:
Who the hell is buying all those Warehouse District condos?
The Odeon is apartments (rent only), not condos. But the Standard (part of the same development) is strictly condos, which are insanely expensive in terms of square footage.
Posted on 10/1/20 at 4:46 pm to brewhan davey
Austin has 9 towers over 30 stories in the works. I don’t see how this is such a big deal.
Posted on 10/1/20 at 4:48 pm to brewhan davey
I need a balcony so I can dangle my legs over the edge.
Posted on 10/1/20 at 4:51 pm to Paul Allen
quote:
Austin has 9 towers over 30 stories in the works. I don’t see how this is such a big deal.
It's a "big deal" precisely because it shouldn't be a big deal.
You aren't that dense, Paul.
Posted on 10/1/20 at 4:54 pm to Y.A. Tittle
plus nola still has a couple 30+ story abandoned buildings to transition to residential....any day now... .....
Posted on 10/1/20 at 4:55 pm to Y.A. Tittle
The price per square footage for these is laughable. Here are the floorplans:
"Modern" 389 sq ft Studio/1BA $1335-$1425/mo
"Paragon" 631-644 sq ft 1BR/1BA $1685-$1920/mo
"Classic" 712-735 sq ft 1BR/1BA $2035-$2320/mo
"Luxe" 770 sq ft 1BR/1BA $2210-$2300/mo
"Grand 1" 893 sq ft 1BR/1BA $2235-$2520/mo
"Signature 1" 1064 sq ft 1BR/1BA $2610-$2930/mo
"Grand 2" 1199-1208 sq ft 2BR/2BA $3085-$3380/mo
"Signature 2" 1145 sq ft 2BR/2BA $3135-$3510/mo
Penthouse A 1665 sq ft 2BR/2.5BA $7000/mo
Penthouse B 1796 sq ft 2BR/2.5BA $7500/mo
Penthouse C 1609 sq ft 2BR/2.5BA $6650/mo
Penthouse D 1661 sq ft 2BR/2.5BA $7250/mo
Penthouse E 1668 sq ft 2BR/2.5BA $7000/mo
Penthouse F 1380 sq ft 2BR/2BA $5500/mo
"Modern" 389 sq ft Studio/1BA $1335-$1425/mo
"Paragon" 631-644 sq ft 1BR/1BA $1685-$1920/mo
"Classic" 712-735 sq ft 1BR/1BA $2035-$2320/mo
"Luxe" 770 sq ft 1BR/1BA $2210-$2300/mo
"Grand 1" 893 sq ft 1BR/1BA $2235-$2520/mo
"Signature 1" 1064 sq ft 1BR/1BA $2610-$2930/mo
"Grand 2" 1199-1208 sq ft 2BR/2BA $3085-$3380/mo
"Signature 2" 1145 sq ft 2BR/2BA $3135-$3510/mo
Penthouse A 1665 sq ft 2BR/2.5BA $7000/mo
Penthouse B 1796 sq ft 2BR/2.5BA $7500/mo
Penthouse C 1609 sq ft 2BR/2.5BA $6650/mo
Penthouse D 1661 sq ft 2BR/2.5BA $7250/mo
Penthouse E 1668 sq ft 2BR/2.5BA $7000/mo
Penthouse F 1380 sq ft 2BR/2BA $5500/mo
Posted on 10/1/20 at 4:56 pm to brewhan davey
I don’t think TulaneLSU will care for this.
Posted on 10/1/20 at 4:57 pm to Y.A. Tittle
Thank you
Posted on 10/1/20 at 4:58 pm to OysterPoBoy
quote:
I don’t think TulaneLSU will care for this.
I am curious for his take on the recent boom of "luxury apartments and condos" in the CBD.
Posted on 10/1/20 at 5:01 pm to brewhan davey
its a very niche market
New Orleans does not have very many modern apartment offerings downtown outside of the southmarket...most of it is aged and industrial.
These are much more comparable to the apartments you would see in other larger cities.
I guess domain is content with their capacities in their other buildings in south market and saw a need for expansion. At their prices I am sure they do not need to operate at capacity to turn a large profit especially if they fill out the retail space
But keep in mind they made these decisions and started construction before all this covid crap
New Orleans does not have very many modern apartment offerings downtown outside of the southmarket...most of it is aged and industrial.
These are much more comparable to the apartments you would see in other larger cities.
I guess domain is content with their capacities in their other buildings in south market and saw a need for expansion. At their prices I am sure they do not need to operate at capacity to turn a large profit especially if they fill out the retail space
But keep in mind they made these decisions and started construction before all this covid crap
This post was edited on 10/1/20 at 5:02 pm
Posted on 10/1/20 at 5:05 pm to ThePoo
Second homes for out-of-towners and AirBNB.
Posted on 10/1/20 at 5:07 pm to Fat Harry
quote:The Odeon is apartments..no AirBNB allowed
Second homes for out-of-towners and AirBNB.
and I doubt you would do monthly rent as a 2nd home as an out of towner
This post was edited on 10/1/20 at 5:08 pm
Posted on 10/1/20 at 5:08 pm to ThePoo
There are a shite ton of med school and nursing school students (likely out of towners) as well as a bunch of Pelicans/Saints players in the arts district condo/apartment developments. This is likely aimed at the same clientele
Posted on 10/1/20 at 5:12 pm to jamboybarry
I am sure it is mostly aimed at young professionals that want modern living in the CBD/WHD. People married without kids or singles with disposable income. Probably hitting that market that is in that transition before buying and settling down, so I would expect a lot of turnover in the building with people renting 1-2 years
Most older clientele would buy and not rent
Most older clientele would buy and not rent
This post was edited on 10/1/20 at 5:16 pm
Posted on 10/1/20 at 5:12 pm to OldSouth
quote:
Why
To get the ladies, that's why...
"It's called Odeon, by Sex Panther. 60% of the time, it works every time!"
Posted on 10/1/20 at 5:18 pm to brewhan davey
Not sure who the frick they think is buying this shite. They are having enough problems selling out The Standard or whatever that the same developer owns.
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