The Federal Fiber Mills Condos in the New Orleans Warehouse District is among my favorites in New Orleans. I just listed a beautiful condo in the building and I will share that one with you. This was once a rope factory that was completed around 1900 to service the needs of the Port of New Orleans and beyond. The large windows and high ceilings were needed for light, equipment and storage of raw materials and finished goods.
The building was to become a focal point for the Worlds Fair in 1984. The monorail ran through the building and the German Beer Garden was housed here. The developer left many of the historic features in each of the units. Exposed Beams, Large Windows, Exposed Brick, High Ceilings, Wood Ceilings, Beam Hardware were left in most of the units. This makes them very popular today.
The Warehouse District Condos have seen a recent appreciation of up to 20% in the last year alone. A lot of the demand has to be that this area is in big demand as second homes. You can walk to the French Quarter from here. Its only 12 blocks and prices are still cheaper than the Quarter. You get parking and a lot of common areas which to enjoy.
The Federal Fibre Mills is centrally located a block from the Convention Center and easy access to the expressway. Easy to get to all locations from the area. You are even getting new streets which should be finished by the Fall or 2014.
The common areas include a beautiful historic lobby with a five-story atrium with plenty of massive beams and original hardware. The building is secure with secure parking for all the units half a block away. Security is on duty daily and 24 hours on the weekend. There is an on site manager and wonderful staff to deal with.
The building has undergone many upgrades over the last 5 years. New Floors in Lobby, New Gym, Refurbished windows in the entire complex, upgrades to the Tropical Gardens that surround a spa and swimming pool. The Tropical Gardens is second to none in the market. Having the common areas so beautiful does make the condos worth more as people really appreciate the added value and use of the areas. Pets are welcome and the owners are very considerate of the neighborhoods.
Best to view the slideshow so you can get a much better feel of the unit and the features of the complex of 140 units over the 5 floors. Many different floor plans but this is a good example of a one bedroom loft style unit.
The #413 is a furnished unit on the fourth floor of the Federal Fibre Mills with some great city views of the New Orleans skyline. The unit is a one bedroom loft style condo with over 820 sq. ft of living area and is being sold furnished. Recent updates include new kitchen appliances, a new bath and shower, freshly painted, new carpet in bedroom, new window treatments, new light fixtures and other updates. Listed at $320,413.
The condo fees cover exterior insurance, water, trash, security, upkeep of the lobby-parking and all common areas, on site management, reserves, common electricity and all the common elements of a condo association. The one item that is different here is the Central A/C system that serves all the units. You control the temp. This means you electic bill is going to be very low without an a/c bill.