$85 Million Luxury High-Rise Opens Downtown

by • March 10, 2020 • NewsComments (0)3107

Provident Realty Advisors has opened Canal 1535, the $85 million, 330-unit luxury high-rise in New Orleans.

Formerly called Canal Crossing, the property broke ground in 2017. The Canal Street property offers contemporary one- and two-bedroom units with high-end finishes including custom cabinetry, quartz countertops, vaulted ceilings and private balconies in select units. Amenities include a heated swimming pool, a putting green, a fitness center, and complimentary garage parking. The property also features a courtyard and ground-floor commercial space.

One-bedroom and two-bedroom units come in sizes of up to 1,062 square feet and 1,397 square feet, respectively. Rents for the available units listed on the property’s website currently range from $1,574 to $2,908 for one-bedroom floorplans and $2,762 to $3,748 for two-bedroom units.

Provident Realty developed the property in partnership with The Kroenke Group. Commerce Bank provided the $63.5 million loan. CF Real Estate Services is the property management firm. The team also includes designer Wallace Garcia Wilson of Houston and New Orleans-based Mathes Brierre Architects.  Dallas-based PRA Construction LP is the general contractor.


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