The Preserve
The Preserve is the development of 183 units of mixed-income rental housing. 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. The Preserve set the standard for the New Orleans rental market, offering a previously unseen level of architectural quality, amenities, and services. 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
Mixed-Income Multifamily
LA GOZONE Recovery Project
Permanent Supportive Housing -
Apartments
183 One and Two Bedrooms
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Development Cost
$43M
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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
City of New Orleans Infrastructure Funding
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Completion Date
November 2008
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Awards
Multifamily Executive Editor's Choice Award
Affordable Housing Finance Reader's Choice Awards: Best Urban Project
Multifamily Executive Grand Award: Best Reuse of Land
Multifamily Executive Merit Award: Mixed-Income
Southeast Building Council Aurora: Best in State for LA
Southeast Building Council Grand Aurora: Best Mixed Income Project -
Sustainability
Enterprise Green Building
