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37Hundred Bienville was one of the largest townhome developments constructed in New Orleans. With over 58,000sf of residential space between the 20 total units, its overall scale and design are set to leave a legacy in Mid City New Orleans for years to come. VPG served as both the lead developer and general contractor with a full sell out of the development occurring in Aug 2019.
20
Home Bank / Liberty Bank
The Gretna Portfolio consists of 2 complexes: Azalea Gardens Apartments in Gretna, LA and Rivertown Apartments in Kenner, LA. VPG implemented its value-add strategy to the 102-unit apartment portfolio with extensive renovations to the exteriors, interiors, and infrastructure of the development. VPG’s management group has been able quickly lease-up the units as soon as renovations are completed.
102
Fall 2022
Goldman Sachs
The Banks Apartments are located in the Algiers neighborhood of New Orleans. VPG implemented its value-add strategy to the apartment complex with extensive renovations to the exteriors, interiors, and infrastructure of the development. VPG’s management group has already seen great strides in the overall culture of the property with wholistic buy in from the neighborhood and city officials and in the process of a second phase of expansion on site.
108
Home Bank
Prior to VPG taking ownership, this 124-unit development was a family-owned investment purchased and rehabbed in 1983. The current owner was looking to retire and as such neglected most of the day-to-day management activities required to optimize this property. After purchasing the property, VPG implemented its value-add strategy to extensively renovate and upgrade the property’s interiors, exteriors, amenities, and landscaping over an 8-month period. This investment allowed us to raise monthly rents from $600 to $725 and stabilize rental operations.
124
Freddie Mac
Prior to VPG taking ownership, this 26-unit development was a family-owned investment purchased that was rehabbed in 2005. Rents for each unit were $550/month. The prior owner had neglected most of the day-to-day management activities required to optimize the property. VPG renovated and upgraded the property’s interiors, exteriors, amenities, and landscaping over a 7-month period. This investment allowed us to raise monthly rents from $550 to $725 and stabilize rental operations.
26
Freddie Mac
The Le Trianon Condo development is nestled in the Royal Street corridor of the French Quarter in New Orleans. The 3rd and 4th floors of this 130-year-old building were converted into luxury condominiums with a complete sell out within 2 months. Each unit featured antique heart pine flooring, chef kitchens, and spa inspired bathrooms. VPG served as the developer and construction manager on the project working closely with the Vieux Carre’ Historic Preservation Commission to ensure overall compliance.
Private
The Chambre de Honneur project was a conversion of a 10-bedroom boarding house into two luxury condominiums in the French Quarter. VPG served as both the developer and construction management on the project which would go on to set a record for price per square foot in the French Quarter at the time. Taking the property from a gutted shell abandoned after Katrina and retrofitting the building with modern amenities and converting unused attic areas to living spaces.
Private