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Local Developer Chosen to Manage the Historic Renovation of Fidelity Bank’s New Headquarters

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Urban Properties Real Estate, a local commercial brokerage, property management and development firm, has recently been chosen to manage the historic renovation at 353 Carondelet Street, transforming the former Union Savings & Loan building into Fidelity’s new corporate headquarters.

The addition of this unique property to Urban’s ever-growing project management portfolio demonstrates the company’s ability to manage large real estate assets through every phase of development. Michael Bucher, Director of Project Management for the firm, and Tyler Robinson, Managing Partner, will lead the project management team for this $10 million renovation and interior build out of the four-story building at the corner of Perdido and Carondelet. The project is expected to be complete by Summer 2020.

“Being brought in to oversee the project by the building’s owners, the Roths and the Geldermans, is an honor and a testament to Urban’s client-centric approach to providing comprehensive project management services,” said Mr. Bucher. “We are delighted to partner with this team of esteemed professionals to execute the redevelopment of this building into its highest and best use.”

Trapolin-Peer Architects are leading the design and Ryan Gootee General Contractors will handle construction. Fidelity Bank plans to initially occupy the first and second floors, with room to expand into the third and fourth floors as the company grows.

 About Urban Properties Real Estate, LLC

Urban Properties is a boutique real estate consulting, development, brokerage, and project management firm focused on urban projects in New Orleans. Clients are investors and business owners that value investing in socially vibrant urban projects that enhance neighborhoods to drive long-term value.  With backgrounds in development, finance, and asset management, coupled with the understanding of the local market, the firm is able to craft innovative and practical real estate solutions.

Urban’s roots are in landlord representation – with collectively more than 40 years in representing property owners and investors across all property types, including retail, office, restaurant, hospitality, and industrial properties. The firm works with clients to find the best tenants that will maximize their property’s performance and provide the highest return on investment.

New Orleans has a broad and nuanced market, but Urban Properties takes a holistic approach to help clients identify strong investments. The firm has experience in land banking, development, and philanthropic investments as well as third-party project management experience. With a strong understanding of clients’ strategic goals, Urban Properties can make timely recommendations based on market movements and market growth.

Connect on Facebook, follow on Instagram (@urban_properties) and LinkedIn. For more information, visit www.urbanproperties.com.

Media Contact:           Genevieve J. Douglass — [email protected] – 504.496.8314

 

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