A brand new, seven unit condominium development at 5940 Magazine street is quickly becoming a fixture of the Uptown neighborhood.
The development offers one and two bedrooms condos, including a third floor penthouse that has already been sold. To date, four units have been sold or are under contact and three are available.
The condo development is the brainchild of real estate development and sales company Vieux Nouveau Properties, along with assistance from architecture firm Wayne Troyer Architects, interior design team Kendall Winingder & Wayne Troyer Architects, landscape architecture company Garness Studio, Da Vinci Builders for general construction, Thinka for branding and graphic design, and photographers Jeffery Johnston and Ross Hinkle.
The contemporary building sits on a 9,000 square foot lot in the historic setting of Uptown on Magazine Street. “Upper Magazine Street has a great blend of old and new with traditional shotgun cottages juxtaposed by the glass facade of the Whole Foods and contemporary design of the Romney Pilates Center,” said Vieux Nouveau Properties’ President Patrick Schindler.
All balconies are framed in a traditional French Quarter style with iron stringers, wood sleepers and T&G decking and incorporated transom windows throughout the project, explained Schindler. “The center building cantilevers over the driveway, creating an approach which is reminiscent of a French Quarter carriageway and all the units center onto a common courtyard, which is also historic to New Orleans architecture.”
According to Schindler, the development of 5940 Magazine was financed through equity provided by the development company in addition to a conventional construction loan.
Schindler told Canal Street Beat that they are highly design focused and love to find new materials and finishes from interesting places.
While maximizing square footage, 5940 Magazine features have been executed to every last detail. They include handmade Danish Kolumbia brick– a unique combination of old and new–, ash wood ceiling panels, European white oak floors, stepstone pavers from California, Brazilian Ipe wood slats and handrails, Ipe rooftop pavers, a custom made bike rack, a rainscreen that envelops the property for energy efficiency, landscape designs by Dan Garness, cypress vanity slabs salvaged from downed trees during Hurricane Katrina, hurricane impact resistant Marvin windows, and Hess handmade exterior lights.
General amenities include a landscaped courtyard with water feature, dedicated off-street parking with privacy gate and a street side call entry system.
Schindler said that new, stylishly designed and well-located condo developments in the Uptown neighborhood are typically priced in the high $400 to low $500 range per square foot. 5940 Magazine Street has also been priced similarly given the current upward pricing and sales trends in the area.
Schindler works alongside wife Kendall Winingder and says they are a complementary development team. In short, Schindler explains, both have a family history of development, “she is the talent and I keep things between the lines.” She is more interior design and space planning focused while he handles the financing, construction management and marketing.
Since moving back to New Orleans in 2006 shortly after Katrina, the duo has completed around 15 projects including a development project back in 2008 located at an 1840s Greek Revival in the Central Business District. “The renovation was phenomenal– glass elevator, huge skylights, contemporary fixtures — it won AIA New Orleans best historic renovation when completed in 2009 and has been a premiere rental for many lead actors working on projects in New Orleans ever since,” Schindler said.
Schindler and Winingder have a few other projects in the works, including two historic renovations. The first is a group of rowhouses on Natchez Street and the second is the renovation of St. Anna’s, a project in conjunction with Tom Winingder (Kendall’s father). The property, registered as more than an acre of land in the Lower Garden District, will convert two structures into 28 apartments with construction beginning this summer.