The COVID-19 pandemic affected the residential and commercial real estate markets very differently. In New Orleans and elsewhere, home prices climbed as buyers sought more space and listings became scarce. The work-from-home trend, meanwhile, has emptied out office buildings while health restrictions reduced foot traffic in hotels, restaurants and stores. In this week’s podcast, Henry Shortess of Urban Properties Real Estate gives his take on regional commercial real estate trends.
A nearly $2 million historic redevelopment of the 11,600-square-foot building at 1733 Constantinople Street – next to Martin’s Wine Cellar – is slated to be complete this summer.
The architecture group CICADA and the construction team at Perrier Esquerré Contractors were tapped to bring this historic property back to life. The newly revitalized building will offer a variety of spaces for commercial lease on the ground floor and four residential apartment units on the second floor.
