Developer Jerard Ward on Oct. 31 broke ground on The Saxony, a 75-unit, five-floor condo building at Burgundy and Bartholomew streets in Bywater. With units ranging in size from studios to three bedrooms and amenities that include a pool, courtyard and private balconies, marketers tout the site's "historic" surrounding neighborhood and its proximity to the Mississippi River.
Also, the units will be "Airbnb compliant," Latter & Blum Marketing Director Stephen Waring noted. With pricing on the units ranging up to $645,000, or $450 a square foot, the ability to put a unit to work as a short-term rental could be crucial for some owners.
Monday, November 06, 2017
There's a housing crisis in New Orleans. Luckily our policymakers and real estate investors are coming up with solutions that meet the demands of their most important constituents and clients.