SBP’s New $10 Million Affordable Housing Complex in Mid-City Breaks Ground

by • January 28, 2019 • Architecture & Design, Mid-City, Multi FamilyComments (0)8790

Rendering of the new project at 2640 St. Peter St by Eskew+Dumez+Ripple.

SBP (formerly the St. Bernard Project) held a ground breaking two weeks ago on their new affordable housing development at Broad Street and Orleans Avenue.

The new, nearly $10 million project, will include 50 apartments, a community room, and wellness center in a three story building.  The building will also include 450 rooftop solar panels and energy storing batteries, with goal to create a “net zero” property, that is, all electricity it uses will be generated on-site by renewable sources.  Entergy donated the panels at a cost of $1.2 million.

The new projected, dubbed The St. Peter, will have 23 one bedrooms and 27 two-bedrooms in over 45,000 square feet right behind and adjacent to The Broad Theater and the current SBP Headquarters.  Half of the units will be reserved for veterans.

Eskew+Dumez+Ripple is the architect of record and Broadmoor LLC is the general contractor.

The project is being financed by 9 percent Low-Income Housing Tax Credits from theLouisiana Housing Corporation and a loan from Metairie-Home Bank.

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