At 16 stories tall, luxury condominium building Eleven Hundred Annunciation towers above neighboring Warehouse District structures. But its height isn’t the only thing that makes the 86-unit tower unique. Eleven Hundred Annunciation offers on-site short-term rental management. Buyers can use Eleven Hundred Annunciation’s management company to handle everything from guest check-ins to housekeeping and maintenance issues, according to its website.
“Our on-site, seasoned management company offers this turnkey service so that Eleven Hundred owners can effortlessly add value to their investment,” the website reads.
Eleven Hundred Annunciation blurs the line between commercial and residential real estate, differentiating its units from those in condo buildings where short-term rentals are frowned upon or illegal. Its marketing materials seem geared toward out-of-town buyers seeking a “foothold in the city” that doubles as “a way to generate income,” according to website verbiage.
As of today, 24 condos are available. Prices range from $479,900 for a 965-square-foot, one-bedroom unit to $1,764,900 for a 2,461-square-foot, three-bedroom penthouse. All units have at least one private balcony, 10’4” ceilings, European oak plank flooring, and contemporary interior design.
Highlights of the kitchens include quartz countertops with waterfall edges, Shaker-style cabinets, wine coolers, and appliances by GE Monogram, Sub-Zero/Wolf, and Asko. The bathrooms feature tile floors, frameless glass showers, and Kohler appliances. Parking and retail space occupy the first four floors. There’s also a rooftop pool and fitness center.
Helmed by developer Spectrum Capital, the $70 million project has been in the works since 2008, according to reporting by the Times-Picayune. The housing crisis and litigation from neighbors opposed to a building of its scale postponed the project. The building will be completed in late 2020.
“We’ve been thrilled with the response,” Jason Voyles of Spectrum Capital stated in a press release. “Eleven Hundred creates a striking new addition to the New Orleans skyline and offers an alluring combination of the best of old and new.”
Via: Shaun Talbot of Talbot Realty Group