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  • Total Number of Transactions – 569
  • Number of Properties Sold (Buyer’s Agent) – 334
  • Number of Properties Sold (Listing Agent) – 235
  • Statistics from April 2005-December 2016: Katie’s stats reflect that since she was licensed in April 2005, she has sold a property every 7 days
  • Voted by Gambit readers as one of the Top 3 Best Realtors in the Metro Area 2011-2017
  • Named one of the 20 Top Real Estate Producers by CityBusiness Magazine 2016, Top 25 2007-2015

New Orleans Gets a Crop of New Condos

The Big Easy may be known for its stately mansions, but a new breed of developers is testing the market for high-end units with posh amenities.

New Orleans native Susan Brennan ran up against the gap between inventory and demand. She was looking for a three-bedroom condo with high-end appliances and perks like a pool, dog-walk, doorman and fitness center.

Nothing for sale fit the bill, so she decided to build her home herself. She had already developed a couple of small residential projects and built a film-production facility, Second Line Stages, that she opened in 2009. With a bank loan and no other investors she built 42 condos, 425 Notre Dame Street, on land she inherited from her mother.

“The bank asked me where my marketing research [was], and I said ‘Me, right here,’ “ Ms. Brennan said. Units sold for $500 to $750 a square foot, she said, and residents moved in beginning October 2013. By contrast, homes in the French Quarter the city’s most expensive neighborhood typically fetch $400 a square foot, said Katie Witry, of Gardner Realtors.

CONTINUE READING

This article will also appear in the Friday, December 8, 2017 print issue of The Wall Street Journal in the Mansion section.


Gardner Realtors-Garden District Branch
1820 St. Charles Avenue #110
New Orleans, LA. 70130
Licensed in Louisiana, USA

504.919.8585 C.
504.891.6400 O.
504.891.0228 f.

Gardner Realtors-Garden District Branch
3332 N. Woodlawn Avenue
Metairie, LA 70006
504.887.7588
image description
  • Total Number of Transactions – 569
  • Number of Properties Sold (Buyer’s Agent) – 334
  • Number of Properties Sold (Listing Agent) – 235
  • Statistics from April 2005-December 2016: Katie’s stats reflect that since she was licensed in April 2005, she has sold a property every 7 days
  • Voted by Gambit readers as one of the Top 3 Best Realtors in the Metro Area 2011-2017
  • Named one of the 20 Top Real Estate Producers by CityBusiness Magazine 2016, Top 25 2007-2015