Left completely vacant after Hurricane Katrina, the historic 225 Baronne building was at one time the tallest building in New Orleans. Roughly 300 new downtown residents will live in the tower’s residential units, which will have premium views and condo-level finishes.
The HRI Development will also feature a brand new 188 room Aloft Hotel and a 356-space public parking garage. HRI secured $100 million in financing for the redevelopment of the 31 story tower.
Last week HRI Properties closed on a $100 million financing package for the redevelopment of 225 Baronne St. The 30-story downtown office building is being converted into apartments and an Aloft boutique hotel.
The apartment portion will include 124 one-bedroom apartments, 63 two-bedroom units and five rooftop penthouses with private balconies. Apartment sizes will range from 715 to 1,850 square feet. The building will also feature a rooftop pool and fitness center, along with a separate pool for the hotel.
HCI Architecture, the in-house design affiliate of HRI, is serving as the architect of record for the project and Roy Anderson Corp. is the general contractor.
HRI started construction on the project several months ago and is making great progress. Construction is expected to be complete by December 2014. Check out the latest pics below.
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: $100 Million Aloft Hotel & 225 Baronne Apartments){kind=link}