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
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Development Cost
$43M
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Architect
Humphreys & Partners Architects
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Sustainability
Enterprise Green Building
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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
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Retail Space
N/A
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Completion Date
Completed, Q4 2008
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Interior Design
Studio Interior Design
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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