Construction On $40 Million Luxury Condo Building Moves Forward

by • January 14, 2019 • Condos, DevelopmentComments (1)12503

The developer by behind 731 St. Charles Avenue, the 67-unit luxury condominium development located in the Lafayette Square Historic District, announced a topping off ceremony last week and construction moves toward completion.

Developer Montagnet Properties is building 67 new condominiums in a new, five-story building at 731 St. Charles Avenue.  The project will feature one, two and two-bedroom plus study residences ranging from 765 square feet to 1,746 square feet. Amenities include a rooftop amenity deck, secure parking, 24-7 concierge, pool and sun deck, and state of the art fitness room.    The building will also have 2,131 square feet of ground floor commercial space that fronts St. Charles Ave.

731 St. Charles Avenue originally 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, according to a release from the developer. The building was known as the “Carnival Palace” from 1878-1906 for Rex and his royal consort, but in the mid-1960s, the artillery hall was demolished to make way for a concrete three-story office building. Numerous state offices occupied the building from 1965 until the Montagnet family bought the property in 2015 under the development entity 731 St. Charles Avenue LLC.

Gibbs Construction is the general contractor and Rozas Ward is the architect.

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One Response to Construction On $40 Million Luxury Condo Building Moves Forward

  1. Eric Bouler says:

    Great Location and easy walk to many areas of New Orleans Downtown. Parking is a big plus!

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