4301 Tulane Avenue-Converting An Industrial Site To Affordable Housing: Preserves Apartments

Asking Price: $1,850,000

Represented Domain Group in their efforts to develop several apartments around the Tulane Avenue area. We identified every property owner on Tulane Avenue and Canal Street, then focused on several large sites. We negotiated with Baumer Foods, owner of this Crystal Preserves hot sauce plant. to purchase the 136,000sf site in March 2006 and closed September 2006 for $1,850,000. Demolition bids ranged from $500,000 to $900,000. See the before and after pictures below.

Before Development
After Development

Louisiana Commercial Realty

Commercial Real Estate Experts
Robert Hand, MBA, CCIM, SIOR
Licensed in Louisiana & Mississippi
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