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Saint Ann Square Apartments Update

We are past the 80% mark on Construction on our latest development in the up and coming neighbor Treme area on New Orleans.  Saint Ann Square Apartments, which is a 44 unit apartment complex with a planned lush courtyard, off street parking, all stain concrete floors, and even views of the beautiful New Orleans Sky line.  Downtown Development Group is on track and ahead of schedule for the next great redevelopment of this historic and culture rich section of New Orleans.  We will begin pre-leasing in early February and are set to move in on February 15th just in time for Mardi Gras!!!  Situated just a block away from the parade route, renting at Saint Ann Square will be the best way to enjoy the Carnival season!

Developer to buy Treme hotel

by The Times-Picayune

Thursday February 28, 2008, 12:09 PM

Developer Joshua Bruno has signed an agreement to buy the Rainbow Hotel at 1937 St. Ann St. in the Treme for $320,000. Bruno, owner of the Downtown Development Group, plans to convert the 58-room hotel into 40 apartments for low- to moderate-income tenants. Construction will begin in late May and should wrap up by September.

The smallest units in the St. Ann Square Apartments will rent for $600 a month, and the largest three-bedroom units will rent for $975 a month. Metro-Wide Apartments, another company owned by Bruno, will manage and lease the property; it also plans to open a laundromat nearby at St. Ann and North Prieur streets.

The renovation and conversion of the hotel will cost an estimated $2 million and will be financed by Bruno and First Bank and Trust.

Riverview Apartments GRAND OPENING 1039 Third Street. Kenner, LA




New Orleans developer Joshua Bruno of Downtown Development Group is proud to announce the Grand Opening of his newest apartment community, Riverview Apartments located in Kenner’s historic Rivertown. These luxury apartments have wrap around balconies, lush landscaping, enclosed courtyards, gated parking and endless views of the river is the first development that Mr. Bruno has completed as a part of his “Reinvention of Rivertown.”


“Riverview Apartments, the first of several multi-family communities I have planned for South Kenner, has the advantages of great location in a high demand area, high ground and modern lifestyle in a suburban setting.” states Bruno.

Theses Forty-five 1, 2, & 3 bedroom units feature many high end amenities including: large bedrooms, marble and granite countertops, cherry oak cabinets, polished stained concrete flooring, walk in closets, plasma screen TV’s, close circuit TV & 24 hr Fire Security Monitors, FREE High Speed Wireless Internet (Inside/Outside units), elevator access, ADA/Handicapped Units, On-site Office Staff and Laundry Facilities, and much more! Amenities include Basketball, tennis, handball, tether ball and horseshoe courts with a private park overlooking the Mississippi river.

Metro-Wide Apartments, our in-house leasing company, is currently leasing these brand new, never lived-in, apartments. Every Saturday there is an Open House (11am-2pm) at the community located at 1039 Third St. Kenner, LA where potential tenants, accompanied by the property manager, can view the unique homes and experience the natural settings of the riverfront community. No two units are the same, each home has a different combination of floor plans, kitchen cabinets, marble and granite countertops. Come choose your perfect fit today!

 Joshua Bruno’s real estate development philosophy is based on increasing the quality of life on the Gulf Coast by bringing the outside ‘in’ to working or living environments and creating outdoor spaces that provide more opportunity for workers or residents to enjoy lush green spaces. His properties integrate the convenience of city living with the beauty and security of suburban life.
 
Architect for Riverview Apartments is Steven J. Finegan Architects Ltd. of New Orleans who specializes in ergonomic and hurricane resistant architectural design. 

The construction was managed by Joshua Bruno, President of Bruno, Inc which is a vertically integrated company in Acquisition-Design-Development-Construction-Management.  

Leasing for the project is being handled by Metro-Wide Apartments. This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

 

1937 St. Ann Square Apartments Groundbreaking

     Downtown Development Group (DDG), headed by New Orleans developer Joshua Bruno, has begun construction on a new low to moderate income housing facility located at 1937 St. Ann Street in Treme.  The former Rainbow Hotel is being renovated into St. Ann Square Apartments; forty 1, 2, & 3 bedroom units.  The apartment development will feature a gated court yard and off-street parking with lush usable green space.  The units will be constructed with hurricane resistant steel and concrete construction, energy efficient electrical and plumbing systems, and reinforced windows that comply with Dade County, FL hurricane codes.  Other St. Ann Square Apartments amenities include:  wrap-around balconies, central air and heat, outdoor barbeque grills, a digital phone system, free wireless Internet (inside/outside units), and closed circuit TV security surveillance system. Unit sizes start at 600 square feet and will rent for $600 a month.  The three-bedroom units at 1200 square feet will rent for approximately $975 per month.

      DDG is designing and developing the St. Ann Square Apartments and Bruno, Inc., a vertically integrated real estate development company, will do the construction and redevelopment. Metro-Wide Apartments, another Bruno company, will manage and lease the property.   “

St. Ann Square will provide additional affordable housing in the historic Treme area where there was considerable damage from Hurricane Katrina,” states Joshua Bruno.  “Hopefully, this project will contribute to the overall redevelopment of this important area adjacent to the French Quarter.”   This type of development is needed in the metro New Orleans area, Bruno explains, to house residents who have no place to live and are forced to live on the streets.

 

    In addition to the St. Ann Square Apartment units, Metro-Wide Apartments will open Soap-n-Suds Laundromat which features flat screen TV’s, arcade games, and internet connected computers for use while washing clothes.  It will be located on St. Ann Street and N. Prieur.  The company will hire Treme residents to run the laundry and to provide janitorial services for the apartment complex.   Metro-Wide will also start a neighborhood crime watch program in Treme.  “We will continue the partnership we began after the storm with numerous non-profit, housing programs like UNITY, Catholic Charities and the Archdiocese of New Orleans, along with FEMA, to provide attractive, safe, and affordable home environments,” states Bruno, who has developed six other rental properties in Treme in the last 2 ½ years.

 

    Since 2005, DDG has developed more than 200 residential housing units—from low and moderate income communities, to the middle and upper income 45-unit, Riverview Apartments on the river in South Kenner.  Bruno is planning to develop over 150 additional multi-family, low- to moderate-income and middle- to upper-income units by the beginning of 2009.  One of the keys to the success of Bruno’s real estate developments is designing his projects to add value and services to a larger surrounding community.  In addition, Bruno is one of relatively few private developers who has been willing to invest his own money in areas of the city he believes to be critical to the city’s recovery.

Bruno’s real estate development philosophy is based on increasing the quality of life by creating outdoor spaces that provide opportunities for residents and workers to enjoy ample green spaces and to integrate light and outdoor views into interiors.  His properties combine the convenience of city living with the beauty and security of suburban life.

 

Architect for St. Ann Square Apartments is Steven J. Finegan Architects Ltd. ofNew Orleans who specializes in ergonomic and hurricane resistant architectural design.

The construction will be managed by Bruno, Inc which is a vertically integrated company in Acquisition-Design-Development-Construction-Management.   Leasing for the project is being handled by Joshua Bruno of Metro-Wide Apartments.

This e-mail address is being protected from spam bots, you need JavaScript enabled to view it , Office: (504) 309-1849, Fax: (504) 598-9387].

 
 

 
 

Joshua L. Bruno, New Orleans Real Estate Developer

Bruno, INC.
 Acquisition-Finance-Design-Development-Construction-Management
P 504-309-1849 F 504 598 9387

This e-mail address is being protected from spam bots, you need JavaScript enabled to view it This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Profile:  Joshua L. Bruno

Joshua Bruno, 27, a New York native, is a successful real estate investor and developer in the Gulf Coast region whose entrepreneurial career began in 1996 while he was high school student.

With a vision that initially led him into the entertainment industry, Bruno formed an event company at 16 that he expanded during his college years at Tulane University in New Orleans.  This event business ultimately led to Bruno’s ownership in the popular and financially successful Club Ampersand in New Orleans’ trendy Central Business District which he and a business partner purchased in 2000, his sophomore year at Tulane.

A Finance and Psychology major at Tulane, Bruno left college as a Junior in 2001 to manage his successful event and club businesses.  In 2002 he launched his real estate career–investing in real estate in the Gulf Coast region. He completed numerous successful renovations and sales of duplexes, 4-plexes, subdivisions and small commercial properties.

The following year, he formed A.J.B. Properties to focus on leveraged buyouts of large regional real estate portfolios of multi-family and mixed-use commercial properties.  After successfully rehabilitating selected properties and selling others, Bruno moved into liquidating real estate portfolios acquired as part of hostile takeovers.

He focused on redeveloping underperforming real estate portfolios in Gulf Coast areas where other banks and investors were hesitant to invest.  These properties typically housed low to middle income tenants, suffered from deferred maintenance or poor management and were located in neighborhoods plagued by crime.  He stabilized numerous properties, turning them into high earning developments with a high cap rate that made them marketable nationwide.  Bruno was able to attract investors from Florida; California, New York City and Mexico.

He earned a national reputation for providing high performing real estate portfolios consistently and in 2004, a group of U.S. real estate investors retained Bruno’s company to turn around their problem properties.  Bruno then formed his third company, Crescent City Collections, which specialized in collection of real estate debts, collecting rent and making hard money loans throughout the metro New Orleans area. 

The following year, Bruno sold his interest in Club Ampersand to concentrate his full time efforts on redeveloping existing properties and developing new properties along the Gulf Coast.  He focused special attention on the Downtown and the West Bank areas of New Orleans, in addition to assisting outside clients who wanted to invest in New Orleans, especially in overlooked locations.  He opened Downtown Development Group in early 2005 to acquire and develop new properties.  Bruno amassed a $4+ million portfolio of multi-family and commercial developments slated for sale on August 31, 2005.
                       
He remained in downtown New Orleans during Hurricane Katrina and afterwards to supervise the immediate repair and reopening of all his metro New Orleans properties. In the early aftermath of the storm, Bruno personally financed a new office building in Mid-City on Tulane Avenue, relying on

generators and the labor of his employees to complete construction.

Reversing strategies, Bruno decided not to sell his real estate portfolio but instead to invest heavily in commercial and multi-family properties in key Gulf Coast areas he believed were poised for major redevelopment.  In response to the demand for worker housing, he opened Metro Wide Apartments to provide affordable, low to moderate family developments for temporary workers who flocked to New Orleans to aid in the area’s rebuilding.

With the motto of “Bring Louisiana Home,’ Bruno worked closely with returning hurricane evacuees,   and the migrant worker community, the Archdiocese of New Orleans, the Unity Road Home Program, Catholic Charities, FEMA and numerous other non profit groups to provide affordable housing after the storm.  Metro Wide Apartments has maintained 100% occupancy—and a waiting list— for all of its garden apartment communities and duplexes in Treme, Uptown, Mid City, Central City and the Westbank. 

Bruno’s garden style apartment communities, including the low-income units, feature all high-end amenities: digital phones; free high speed wireless Internet; gated off-street parking; usable green space/gated courtyards; on-site bi-lingual staff and security; 24-hour monitored CCTV security systems; and energy efficient lighting/plumbing.

Bruno’s newest multi-family apartment development is Riverview Apartments, a 48 unit, $1.75 million redevelopment of a hospital and assisted living facility into a middle to upper-middle income gated apartment community on the river in south Kenner.  This is the first phase of his planned redevelopment of the Rivertown Community.  Bruno is also developing Century Park, a $20.2 million Class A office and retail center in Slidell, adjacent to the planned UNO Technology Center along the I-10 Technology corridor. The buildings all feature Hurricane Resistant design and materials.

Bruno’s real estate development philosophy is based on increasing the quality of life on the Gulf Coast by bringing the outside ‘in’ to working or living environments and creating outdoor spaces that provide more opportunity for workers or residents to enjoy lush green spaces.  His properties integrate the convenience of city living with the beauty and security of suburban life.

Bruno Inc., Bruno’s holding company, is vertically integrated to acquire, design, develop, construct and manage all developments from their headquarters in New Orleans.

www.BrunoInc.com

Other large real estate projects that have been developed by Bruno’s companies include:

 

  • Redevelopment of Heritage Business Park; Gretna, LA
  • Headquarter offices of Downtown Development Group/Metro Wide Apartments–6000 Sq. Ft. Hurricane Resistant building on Tulane Avenue; New Orleans, LA
  • Redevelopment of 6 duplexes in square block of Treme by St. Peter Clavier Church; New Orleans, LA
  • Three large low to moderate income Garden Style Multi-Family Properties built at the same time:
                 –Washington Gardens - 25 units on Washington Avenue; New Orleans, LA
                 –Washington Place - 24 units on Washington Avenue; New Orleans, LA
                 — Metairie Heights – 12 units; Metairie, LA

Downtown Development Group to Build $1.75 million Riverview Apartments in Rivertown

    (New Orleans, LA) Downtown Development Group (DDG), headed by New Orleans developer Joshua Bruno, has begun construction on a 45-unit, $1.75 million apartment community—Riverview Apartments—at 1039 Third Street in South

Kenner in the Rivertown Neighborhood.   DDG is redeveloping four buildings on the two-acre site that formerly housed an assisted-living facility and hospital into a middle- to upper-middle income gated community.

    Phase One, the first 26 units along with office and laundry facilities, will be completed by mid-January. The final 19 apartments in Phase Two are scheduled for completion by mid-February.  Unit sizes start at 600 square feet and will rent for $730 a month.  Luxury 1,200 square foot units, with larger windows overlooking the Mississippi River and the Louis Armstrong Airport, will rent for approximately $1,600 per month.

     Riverview Apartments will feature $100,000 of lush landscaping, two courtyards, gated parking, horseshoe and tetherball courts, closed circuit TV security surveillance and free high-speed Internet access both inside units and outside.  The units will be constructed of hurricane resistant materials.

    “Riverview Apartments, the first of several multi-family communities I have planned for South Kenner, has the advantages of great location in a high demand area, high ground and modern lifestyle in a suburban setting.” states Bruno.

    Bruno is also developing Century Park, a $20.2 million Class A office and retail center in Slidell, adjacent to the planned UNO Technology Center along the I-10 Technology corridor.  

    Other real estate projects developed by DDG include:

  • Redevelopment of Heritage Business Park; Gretna, LA
  • Headquarter offices of Downtown Development Group/Metro Wide Apartments–6000 Sq. Ft. Hurricane Resistant building on Tulane Avenue; New Orleans, LA
  • Redevelopment of 6 duplexes in square block of Treme by St. Peter Clavier Church; New Orleans, LA
  • Three large low to moderate income Garden Style Multi-Family Properties built at the same time:
                 –Washington Gardens - 25 units on Washington Avenue; New Orleans, LA
                 –Washington Place - 24 units on Washington Avenue; New Orleans, LA
                 — Metairie Heights – 12 units; Metairie, LA

Downtown Development Group to Re-Develop Former LSU Medical Office Site into Medical Services Building

(New Orleans, LA) Downtown Development Group (DDG), headed by New Orleans developer Joshua Bruno, has signed a purchase agreement for the 124,000 square foot, 14-story UNO Technology Enterprises office building at 1600 Canal Street (corner of South Robertson) —formerly leased by LSU Health Sciences—and plans to redevelop it into a Class A, mixed-use medical & technology offices/services center.

     Construction is scheduled to begin in April, with a targeted completion date of August 2008.  The $16 million redevelopment project financed by Joshua Bruno & DDG and is also in negotiations with several private banks for additional funding, will feature lobby floor retail space, office support services, restaurant and bank. Bruno will also apply for a restoration tax abatement certification.

    Building amenities include a back-lit, red onyx lobby with marble floors, roof-top dining cabana, employee lounge, concierge services for offices and employees, and a high tech security entrance system and a 24-hour security officer.  Other building features are:  a digital phone system, wireless Internet, energy efficient electrical and plumbing systems and hurricane resistant windows.

    The 1600 Canal Street building is located next to the new Tulane Medical Center building that was donated by Murphy Oil and across from the new Bio-Medical Research and Lab Building. The site is bounded by the new federally-supported theatre district, the proposed Canal Street Technology corridor, the French Quarter and the Claiborne Avenue area that will be anchored by the country’s largest Home Depot

    “We are the only private Class A medical & technology office/retail center in the heart of the $3+ billion LSU-VA Hospital medical district,” states Bruno. “1600 Canal will be the premier location for private hospitals; pharmaceutical and bio-med companies; high tech firms; and physician, insurance and medical support offices.” “The city and state needs more of these types of industries to move forward and gain a competitive advantage with other cities of our size nation wide. We will be able to provide a building with services, design and amenities that no other class A building in Louisiana offers, at a price that’s comparable to most Class B buildings in the metro area.”

DDG is redeveloping and designing the building and Bruno, Inc. a vertically integrated real estate development company will manage and lease the property.  DDG will partner in the construction of the building with Imburgia Construction of Miami, FL, headed by Louis Imburgia, the former mayor of Miami Shores, FL and co-developer of public and private projects throughout the Miami area.  Steven Finegan & Associtates, will be the architects and Ray Canzinari & Associates will be the electrical engineers on the project.

    DDG has developed more than 200 residential housing units—from low and moderate income communities, to the middle and upper income 45 unit -Riverview Apartments under construction on the river in South Kenner. The company is now concentrating on filling the need for medical and tech office space that will provide numerous high-paying jobs and provide a higher tax basis for the city and state. Which Bruno envisions at eh catalyst to increase demand in the metro area housing market.

    Bruno and DDG and is also the development company that designed and is heading Century Park, a $20.2 million Class A office and retail center in Slidell, adjacent to the planned UNO Technology Center along the I-10 Technology corridor. One of the keys to Bruno’s successful real estate developments is that he tends to design his projects to add value and services to a larger surrounding development. In addition, his entrapneurial back ground and drive has shown he usually one of the first private developers that not hesitant to invest his own money in areas of the city he believes to be the imperative in the city’s recovery.

 

Downtown Development Group to Re-Develop Treme’s Rainbow Hotel into Apartment Units

    (New Orleans, LA) Downtown Development Group (DDG), headed by New Orleans developer Joshua Bruno, has signed an agreement to purchase the 58-unit Rainbow Hotel at 1937 St. Ann Street in Treme for $320,000—and plans to redevelop the hotel into 40 low- to moderate- income apartments.

     Construction on The St. Ann Square Apartments that will include 40 one-, two- and three-bedroom units and is scheduled to begin in late May, with a targeted completion date of September 2008.  The $2 million redevelopment project will be financed by First Bank and Trust and Bruno. 

    The apartment development will feature a gated court yard and usable green space along with gated off-street parking.  The units will be constructed with hurricane resistant steel and concrete bracing, energy efficient electrical and plumbing systems, and reinforced windows that comply with Dade County, FL hurricane codes.

    Other St. Ann Square Apartments amenities include:  wrap-around balconies, central air and heat, outdoor barbeque grills, a digital phone system, free wireless Internet, and closed circuit TV security surveillance system.   Unit sizes start at 600 square feet and will rent for $600 a month.  The three-bedroom units at 1200 square feet will rent for approximately $975 per month.

   DDG is designing and developing the St. Ann Square Apartments and Bruno, Inc., a vertically integrated real estate development company, will do the construction renovation. Metro-Wide Apartments, another Bruno company, will manage and lease the property.

      “St. Ann Square will provide additional affordable housing in the historic Treme area where there was considerable damage from Hurricane Katrina,” states Joshua Bruno.  “Hopefully, this project will contribute to the overall redevelopment of this important area adjacent to the French Quarter.” 

    This type of development is needed in the metro New Orleans area, Bruno explains, to house residents who have no place to live and are forced to live on the streets.

    In addition to the St. Ann Square Apartment units, Metro-Wide Apartments will open a neighborhood laundry-mat on St. Anna Street and N. Prieur.  The company will hire Tremeresidents to run the laundry and to provide janitorial services for the apartment complex.   Metro-Wide will also start a neighborhood crime watch program In Treme.

    “We will continue the partnership we began after the storm with numerous non-profit, housing programs like UNITY, Catholic Charities and the Archdiocese of New Orleans, along with FEMA, to provide attractive, safe, and affordable home environments,” states Bruno, who has developed six other rental properties in Treme in the last 2 ½ years.

    Since 2005, DDG has developed more than 200 residential housing units—from low and moderate income communities, to the middle and upper income 45-unit, Riverview Apartments currently under construction on the river in South Kenner.  Bruno is planning to develop over 150 additional multi-family, low- to moderate-income and middle- to upper-income units by the end of 2008.

     One of the keys to the success of Bruno’s real estate developments is designing his projects to add value and services to a larger surrounding community.  In addition, Bruno is one
of relatively few private developers who has been willing to invest his own money in areas of the city he believes to be critical to the city’s recovery.

    Bruno’s real estate development philosophy is based on increasing the quality of life by creating outdoor spaces that provide opportunities for residents and workers to enjoy ample green spaces and to integrate light and outdoor views into interiors.  His properties combine the convenience of city living with the beauty and security of suburban life.

    Bruno and DDG are also currently lead developers of Century Park, a $20.2 million Class A office and retail center planned for construction in Slidell— at the Fremeaux Interchange and Highway 190, adjacent to the planned UNO Technology Center along the I-10 Technology corridor.
The company is also redeveloping the 1600 Canal Street Office building, formerly owned by the University of New Orleans, into The Canal Medical and Technology Center—a $16M, Class A mixed use medical and technology office center.

      Other real estate projects developed by DDG include:

  • Redevelopment of Heritage Business Park; Gretna, LA
  • Headquarter offices of Downtown Development Group/Metro Wide Apartments–6000 Sq. Ft. Hurricane Resistant building on Tulane Avenue; New Orleans, LA
  • Three large low to moderate income Garden Style Multi-Family Properties built at the same time:
                –Washington Gardens - 25 units on Washington Avenue; New Orleans, LA
                –Washington Place - 24 units on Washington Avenue; New Orleans, LA
                –Metairie Heights – 12 units; Metairie, LA

 


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