Developer Steve Montagnet is breaking ground this month on a new $40 million condo project in the warehouse district near Lafayette Square. The current building at 731 St. Charles Avenue will be transformed into a luxurious 67-unit mixed-use development with residential and commercial space.
The development will feature more than 29,300 square feet over five floors, and will include 67 one-bedroom and two-bedroom condo units with prices beginning at $400,000. The building will also have 2,131 square feet of ground floor commercial space fronts St. Charles Ave.
Condo owners will have private balconies or direct courtyard access, garage parking, swimming pool, sun deck and an exclusive rooftop entertaining area and dog walk. Interiors will feature designer finishes and fixtures, such as European oak wood floors, GE Profile “Slate” appliances with gas ranges, French doors, stone countertops, frameless glass showers and walk-in closets.
The site at 731 St. Charles Avenue has a rich history. It was originally the location of the Washington Artillery, which housed an armory, as well as the grand halls that were used for the first Mardi Gras balls. Most notably, the grand hall hosted Rex, King of Carnival’s first Reception Ball in 1873. The building was known as the “Carnival Palace” from 1878-1906 for Rex and his royal consort.
The Montagnet family bought it in 2015 through the development entity, 731 St. Charles Avenue, L.L.C. The existing building and parking garage will be updated to make way for a five-story building that will front both St. Charles Avenue and Carondelet Street.
Construction is expected to be completed in the Spring of 2018. Rozas Ward is the architect, and McDonnel is the general contractor. Check out more here.