The Meridian
The Meridian is the development of 72 units of mixed-income rental housing. The mid-rise building set the standard for the New Orleans affordable rental market, offering a previously unseen level of architectural quality and design, amenities, and services. The project is part of Domain’s multi-phase initiative to revitalize the rapidly-growing area of Mid-City, New Orleans known as the Tulane Avenue Corridor. Domain was among the pioneering development firms working with the Louisiana and Federal governments to establish development programs and provide severely needed housing in post-Katrina New Orleans.
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Property Type
Affordable Multifamily
LA GOZONE Recovery Project
Permanent Supportive Housing -
Apartments
72 One and Two Bedrooms
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Development Cost
$17M
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Financing
Bank of America
Centerline Capital
Jones Lang LaSalle/ Freddie Mac
LHFA Low Income Housing Tax Credits
LA OCD HUD Community Development Block Grant
LA Enterprise Zone
New Orleans IDB Taxable Bonds
New Orleans IDB PILOT
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Completion Date
February 2009
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Awards
Multifamily Executive Merit Award: Affordable
Multifamily Executive Merit Award: Marketing & Advertising, The Rebirth of Tulane Avenue
Multifamily Executive Merit Award: Community Service, New Orleans Redevelopment Efforts -
Sustainability
Enterprise Green Building