by CSB Staff •
May 29, 2014 •
Development, Garden District, Multi Family, Uptown •
Comments (2) •
Photo Via Frenchquartercondotrends.com
Developer and real estate investor Tom Winingder will break ground next month on the redevelopment of former assisted living center St. Anna’s into luxury apartments.
According to Orleans Parish records, Winingder purchased the 40,000-square-foot, three-story building in November for $3.7 million from Lambeth House, a senior citizen community that assumed control of the property in 2011.
Winingder’s plans call for converting St. Anna’s at 1823 Prytania St. into an apartment complex with 23 one-, two- and three-bedroom units.
The development includes six one-bedroom units, 14 two-bedroom units and three units with three bedrooms. The apartments will range in size from 900 to 1,600 square feet and are being designed for above market rate rents. An outdoor garden space will be converted to additional off-street parking for residents. The complex will include 39 parking spaces, one for each bedroom in the building.
Financing will come in part from federal and state historic tax credits. Palmisano Contractors of New Orleans is the general contractor and Studio WTA is the architect.
The building is zoned RM-2A Multiple-Family Residential District and, according to listing information, was to be sold with a restrictive covenants that runs with the title prohibiting any form of senior living use.
The building dates back to 1853 when it was originally known as St. Anna’s Asylum for the Relief of Destitute Females and Their Helpless Children of All Religions.
Construction is expected to take about 10 months.
[…] Winingder is also the developer of the $8 million St. Anna’s Residence apartments. […]
[…] The development features 36 residential units, 4,100 square feet of retail space and 54 parking spaces for a total of 52,000 square feet. Developers Felicity Property Company and Tom Winingder bought the property for $3.7 million, and reportedly spent $8 million on the redevelopment. […]