The apartment boom just keeps on rolling and next up is the creepily-named St. Anna's Asylum in the Lower Garden District. The 40,000-square-foot property is joining the development party in June for a $4 million interior makeover before it hits the LGD rental scene with 23 units, City Biz reports. The three-story structure, which was most recently an assisted living home, hit the market last summer with a $4.5 million price tag and sold in November to developer Tom Winingder for $3.7 million.
Plans call for six one-bedroom units, 14 two-bedroom units and three apartments with three bedrooms; ranging from 900 to 1,600-square-feet. Unsurprisingly, the rents are set to be "above market rate."
History lesson: The building was originally a "widow's home," according to the New Orleans Architecture: The Lower Garden District book, and was built in 1853 on its current Prytania Street plot of land that was donated to a group of women who formed the Society for the Relief of Destitute Females and Their Helpless Children.
· Apartments planned for St. Anna's Asylum on Prytania [City Biz]
· All Lower Garden District development coverage [Curbed NOLA]