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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.
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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.
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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.
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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.”
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Via: Shaun Talbot of Talbot Realty Group