NEW ORLEANS – From Urban Properties Real Estate:
Urban Properties – a New Orleans-based business development, property management and brokerage firm – is overseeing the renovation of a historic Mid-City warehouse at 4201 Tulane Avenue, at the corner of Tulane Avenue and S. Solomon Street. The owner/developer, KCT Real Estate LLC, is a real estate investment firm owned by Tony and Katherine Gelderman, whose previous landmark redevelopment projects include 800 Magazine Street, 353 Carondelet Street and the ice rink at 2727 Prytania Street.
Built in the early 1920s, 4201 Tulane Avenue is a two-story, 36,000 square foot structure and is the former home of Riecke Cabinet Works (1925-1971) and Lighting Inc. (from 1972). Urban Properties is managing the full historic renovation process, the first phase of which includes structural rehabilitation, a new roof, and the restoration of windows and exterior metal panels to honor the original 1920s facade. Additional phases will include the construction of the interior space once users have been identified. The owner expects an announcement to be made in early 2022.
“The Preservation Resource Center of New Orleans is thrilled to receive a preservation easement on this historic warehouse, which will protect this building in perpetuity, and the opportunity to work with the owners to ensure the historic renovation is of the highest quality.” , said Danielle Del Sol, Executive Director of the CRP. “This project is a huge win for the City of New Orleans, and we are proud to be part of it. The PRC is excited to see the new life that will be breathed into this part of Tulane Avenue by KCT Real Estate and Urban Properties.
Michael Bucher, partner and director of development at Urban Properties, leads the project.
“We are very grateful that the Geldermans have chosen Urban as the project manager for this historic redevelopment,” he said. “Due to the age of the building and the complexity of the renovation, the launch took a little longer than expected, and we are thrilled to finally be underway. This location on Carrollton Avenue and Interstate 10 in Mid-City lends itself to so many possibilities.