Faubourg Lafitte Development Moves Forward; $15 Million Construction Starts

by • January 21, 2015 • Development, Public Development, Public FinanceComments (0)3454

A rendering of the Faubourg Lafitte Development

A rendering of the Faubourg Lafitte Development

The third phase of the Faubourg Lafitte housing project redevelopment looks like its finally picking up speed, with the filing of a $15 million building permit with the city.

This phase will feature a new 100,000-square-foot apartment complex for low-income senior citizens at 700 N. Galvez St., and is part of the larger redevelopment of the Lafitte Projects after Katrina.  This phase will feature approximately 94 apartment units.

The  Faubourg Lafitte Senior Building is the third phase of a new mixed income community on the site where the Lafitte public housing development once stood. The first two phases were completed in 2011, consisting of approximately $77 million in total development costs and including the construction of 276 public housing and low income units in a mix of single family homes, duplexes, and 6-plex buildings. There are an additional 241 units to be built on-site including a mix of senior rental housing, market rate rental housing, and homeownership.

Last year, Gibbs Construction won the gig as the GC with a winning bid of roughly $17 million.

The developers also sought to commission a pretty cool art project for the development, initiating a call for artists for $50,000 last year. No word yet on who was selected.

The project is being developed through a partnership that includes New Orleans-based Providence Community Housing and Enterprise Community Partners in addition to L+M Development Partners of New York.

 

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