HRI Properties New Orleans, Louisiana

Transcription

1 HRI Properties New Orleans, Louisiana

2 Thirty-four States Offer Historic Tax Credits

3 American Can Factory New Orleans, LA

4 American Can Apartments Redevelopment of a vacant manufacturing facility located in New Orleans Mid-City neighborhood into one, two, and three bedroom mixed-income apartments Preservation of classic architectural style including original wood floors, stained concrete, and floor-to-ceiling windows Amenities include a pool, fitness center, business center, entertainment room, on-site storage, and off-street parking On-site retail includes a coffee shop, wine shop, wine bar, personal training, fitness studio, design stores, café, and spa Date Completed September 2001 Development Period Units Square Footage 18 months 214 market-rate apartments 54 affordable apartments 315,969 sq ft (apartments) 19,031 sq ft (retail) Total Development Cost $44,500, Orleans Avenue New Orleans, LA

5 Nissen Building Apartments Conversion of a 1927 office building located in downtown Winston- Salem into one and two bedroom luxury apartments Structural integrity of the building was preserved and the units feature high ceilings, large original windows, alcoves, and staggered corners Lobby was restored to evoke the period of the late 1920 s with polished granite floors and brass-clad steel elevator doors Amenities include a heated rooftop pool, rooftop cabana and wet bar, fitness center, 2,000 sq ft entertainment room with a wet bar, 24-hour maintenance, high end appliances and design, and resident social events On-site retail includes Quizno s subs & Mellow Mushroom Restaurant Date Completed August 2005 Development Period Units 11 months 145 luxury apartments Square Footage Total Development Cost $28,720, ,000 sq ft (apartments) 16,000 sq ft (retail) 310 West 4th Street Winston-Salem, NC

6 Nissen Building Apartments

7 Hammond Eastside School Apartments Renovation of the Hammond Eastside Elementary School, built in 1914 and located in the historic downtown Hammond Arts District, into affordable one and two bedroom apartments for the use of local artists Specially designed, creative living spaces featuring former classroom s original hardwood floors and large windows The old school auditorium is used by the artists as a gallery and for individual solo openings Additional amenities include laundry facility, on-site parking lot, and a community fenced-in garden Date Completed November 1998 Development Period Units Square Footage 11 months 28 affordable studio apartments 27,284 sq ft Total Development Cost $2,136, South Orange Street Hammond, LA

8 Hammond Eastside School Apartments

9 Blue Plate Artist Lofts 72 mixed-income apartments in rehabilitated Streamline Moderne industrial building Amenities include on-site property management office, common studio/gallery space, fitness center, rehearsal room, bicycle storage, roof deck, and landscaped courtyard Date Completed December 2011 Development Period Units Square Footage 14 months 22 market-rate apartments 50 affordable apartments 98,022 sq ft Total Development Cost Estimated $25,637, South Jefferson Davis Parkway New Orleans, LA

10 Blue Plate Artist Lofts

11 Bywater Art Lofts Historic renovation of a run-down, former garment factory located in the New Orleans Bywater neighborhood into one and two bedroom affordable loft apartments for the use of local artists Designed to preserve the building s industrial elements of brick and metal facades, steel windows, exposed ceilings and ductwork, and sealed concrete floors Amenities include a leasing office, large community area to promote a live/work environment, and modern urban finishes Date Completed December 2008 Development Period Units 12 months 37 affordable apartments Square Footage 35,584 sq ft Total Development Cost $10,472, Dauphine New Orleans, LA

12 Bywater Artist Lofts

13 Bywater Artist Lofts II Located across the street from HRI s successful 37-unit Bywater Art Lofts development, Bywater Art Lofts II created 30 additional units of mixedincome artist housing Amenities include on-site property management office, common studio/gallery space, bicycle storage, green space and a large park/sculpture garden Date Completed December 2011 Development Period Units Square Footage 10 months 3 market-rate apartments 27 affordable apartments 37,245 sq ft Total Development Cost Estimated $11,508, Dauphine Street New Orleans, LA

14 Bywater Art Lofts II New Orleans, LA

15 Bywater Art Lofts II

16 Bywater Art Lofts II New Orleans, LA

17 Bywater Artist Lofts II

18 New Orleans Maritime-Military Academy Rehabilitation of the former Navy Security Office built in 1907 and a Navy warehouse built in 1918 Type 2 charter high school for cadets of the Marine Corps Junior Reserve Officer Training Program Located at Federal City, across the street from the new Marine Corps Reserve Headquarters Date Completed December 2013 Development Period Units Square Footage 14 months N/A 71,601 sq ft 425 O Bannon Street New Orleans, LA Total Development Cost $18,372,000

19 New Orleans Maritime-Military Academy

20 Miller & Rhoads Hotel and Apartments Adaptive rehabilitation of the historic Miller & Rhoads Department Store, built between 1888 and 1909 and located in downtown Richmond adjacent to the City s Convention Center The mixed-use development consists of a Hilton Hotel, luxury apartments, and retail space The hotel and residential units have separate entrances, elevators, and fitness facilities while sharing a ground floor connection and swimming pool The colonial revival structure features granite and terra cotta first floor storefronts topped by a classical entablature, while the upper stories are constructed in a russet colored brick Date Completed February 2009 Development Period Units 22 months 133 residential units 250 hotel rooms Square Footage Total Development Cost $102,813, ,819 sq ft (condominiums) 290,497 sq ft (hotel rooms) 24,000 sq ft (retail) 230 North 6 th Street Richmond, VA

21 King Edward Hotel and Apartments Restoration of a 40-year vacant, historically significant hotel and garage located in downtown Jackson into a mixed-use development consisting of a Hilton Garden Inn, upscale apartment units, and retail space All of the grand, historic spaces of the hotel will be intricately restored back to their original grandeur including the lobby, ballroom, rotunda, prefunction spaces, and the building s neo-classical exterior Received the 2008 Best Conversion Award from Hilton Hotels Corp. The apartments are located on the top four floors of the 12-story building and feature large windows, high ceilings, high-end appliances and design, and shared hotel amenities Amenities include a large state-of-the-art conference center, a rooftop pool and terrace, recreation room, fitness center, on-site restaurant, and parking Date Completed October 2009 Development Period Units Square Footage 18 months 186 hotel rooms 64 luxury apartments 205,578 sq ft (hotel and apartments) 2,910 sq ft (retail) 93,796 sq ft (garage) Total Development Cost $82,297, West Capitol Street, Jackson, MS

22 King Edward Hotel and Apartments Jackson, MS

23 King Edward Hotel and Apartments Jackson, MS

24 King Edward Hotel and Apartments Jackson, MS

25 Hibernia Tower 176 mixed-income apartments in one of New Orleans most iconic high-rise buildings 43,000 square feet of commercial space includes retention of the existing Capital One bank branch on the ground floor Amenities include on-site property management office, multi-purpose room exercise room, roof-top swimming pool, covered bicycle parking, and a business center 114 parking space garage completed November 2013 Date Completed December 2012 Development Period Units Square Footage 12 months 139 market-rate apartments 36 affordable apartments 258,300 sq ft Total Development Cost $57,315, Gravier Street New Orleans, LA

26 Hibernia Tower

27 LTV Mixed-Use Development 1964 headquarters for Ling-Temco-Vought Interior build-out of the currently vacant 552,354 square foot historical LTV building in downtown Dallas, TX into a mixeduse development of luxury apartments and a Hilton Garden Inn hotel The 32-story building was originally built in the early 1960s as headquarters for the LTV corporation but has been vacant for many years Planned amenities include a rooftop deck, community room, and fitness center Date Completed Development Period Units Square Footage Under construction 16 months 167 market-rate apartments 19 affordable apartments 171 hotel rooms 354 parking spaces 552,354 sq ft Total Development Cost Estimated $77,914, Pacific Tower Dallas, TX

28 LTV Mixed-Use Development Project Funding Source Amount Percentage Federal HTC Equity $13,000, % State HTC Equity $13,700, % Traditional Mini-Perm Debt $38,500, % Equity $13,000, % TOTAL $78,200, %

29 LTV Mixed-Use Development

30 LTV Mixed-Use Development

31 LTV Mixed-Use Development

32 LTV Mixed-Use Development

33 Contacts Hal Fairbanks HRI Properties 812 Gravier Street, Suite 200 New Orleans, LA