CONSTRUCTION PIPELINE

New Orleans 3Q 2024

0

UNITS UNDER CONSTRUCTION

0

IN PRE-LEASE /
LEASE UP PHASE

0

UNITS PLANNED

0

PROSPECTIVE UNITS

pipeline trends

Share of Inventory Under Construction or in Lease-Up

Multifamily Starts

Construction Pipeline

Forecasted Delivery Dates

Pipeline Status Breakdown by City

Pipeline Data Map

Disclaimer: The property data depicted in our maps is sourced from third-party providers and government sources. MMG does not directly collect or track this information. Due to the nature of external data collection, some properties may be omitted, which is beyond our control. Furthermore, the pipeline dataset was assembled on 8/15/2024, and changes in project statuses or new additions to the pipeline may not be reflected by the time of publication. While we strive to provide actionable and useful data, we do not guarantee its completeness. Clients are advised to verify all property details independently.

Full Data Table

Property NameProperty AddressCityStateZip CodeUnit CountProperty StatusForecasted Completion DateStart Of Rent Up
Metro at Clearview, The4409 Trenton StreetMetairieLA70006270Under Construction8/31/24
Lafreniere Living2900 Wytchwood DriveMetairieLA7000373In Pre-Lease/Lease Up Phase9/30/2412/31/22
St. Bernard Circle1431 St. Bernard AvenueNew OrleansLA7011651Under Construction2/28/25
Christopher Park3211 Rose LaneNew OrleansLA70114204Prospective
4100 Royal Street4100 Royal StreetNew OrleansLA70177136Prospective
1515 Poydras Street1515 Poydras StreetNew OrleansLA70112430Prospective
Clouet1301 Clouet StreetNew OrleansLA7011750Prospective
Tchoupitoulas StreetMagazine Street & Melpomene StreetNew OrleansLA70130280Prospective
Convention Center RiverfrontEuterpe Street & Annunciation StreetNew OrleansLA70130620Prospective
Reserve at Lapalco, The5401 Lapalco BlvdMarreroLA70072144Prospective
Elmwood Town Center1200 South Clearview PkwyNew OrleansLA70123250Prospective
Two Saints867 St. Charles AvenueNew OrleansLA70130218Prospective
1717 Canal Street1717 Canal StreetNew OrleansLA70112212Prospective
Esplanade Mall, TheSEC North Bayou Road & Sugar Mill RoadKennerLA70065256Prospective
Privette Townhomes1010 Ronald Reagan HwyCovingtonLA7043350Prospective
Former Naval Base4400 Dauphine StreetNew OrleansLA70117320Prospective
St. Peter Phase II, The2640 Saint Peter StreetNew OrleansLA7011950Prospective
144 Lots @ Jefferson ParishArnoult Road & River RoadJeffersonLA70121288Prospective
Jackson Oaks625 Jackson AvenueNew OrleansLA70130211Prospective
Charity Hospital Redevelopment1532 Tulane AvenueNew OrleansLA70112300Prospective
New Orleans Riverside at Historic Algiers2500 General Meyer AvenueNew OrleansLA70114100Prospective
2275 Sanctuary Drive2275 Sanctuary DriveNew OrleansLA7011460Planned
3401 St. Charles Avenue3401 St. Charles AvenueNew OrleansLA70115114Planned

METHODOLOGY

Brett Sanchez-1

Brett Sanchez

Associate Advisor

brett.sanchez@mmgrea.com

Alex Blagojevich

Alex Blagojevich

Executive Managing Director / Co-Founder

alex.blagojevich@mmgrea.com

Michael-Sullivan

Michael Sullivan

Executive Managing Director / Co-Founder

michael.sullivan@mmgrea.com

We're proud to advise our clients about more than just their assets. Gain comprehensive insight into the multifamily industry with our exclusive, on demand access to actionable market intelligence.

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AS FEATURED IN

Construction Pipeline Report Methodology

Market Snapshot

Existing Units:  An estimate of the number of units in properties with 50 or more units.

Total Units Under Construction Or In Lease Up: Units being built or pre-leased as of February 2024, for projects with 50+ units.

Units Delivering in Next 4Q: Units expected to complete by the end of Q1 2025.

Share Of Existing Inventory UC: Percentage of units under construction relative to existing stock.

Construction Pipeline Status

Prospective: Early-stage project concepts.

Planned: Projects with approved conceptual plans by planning/zoning authorities.

Under Construction: Actively developed properties.

UC/Lease-Up: Properties under development and pre-leasing.

Rental Category

Discretionary: Resort-quality properties targeting high-income renters or those choosing to rent over owning.

High Mid-Range: Appeals to dual-income households with incomes similar to those in the discretionary category.

Low Mid-Range: Targets working professionals in “gray collar” jobs (e.g., police, firefighters, teachers, technicians).

Workforce: Aimed at blue-collar workers with lower incomes.

Pipeline Map & Data Table

Data sourced from Yardi Matrix. While accuracy is prioritized, the exactness of data cannot be guaranteed.

Construction Pipeline Map

The information provided in this construction pipeline map is obtained from Yardi Matrix. While every effort has been made to ensure that the information contained in the map is as accurate as possible, MMG REA does not warrant, endorse, or guarantee the completeness, accuracy, or reliability of the information.

Users of the map should be aware that the data related to properties, including but not limited to locations, statuses, and details, may be subject to change without notice. MMG REA shall not be liable for any errors, omissions, or inaccuracies in the information or for any user’s reliance on the information. Users are encouraged to validate the information with other sources in the field to confirm any details or obtain further information.

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