david.t.mi, Home Buyer in New Orleans, LA

How will St Thomas river gardens development district affect the growth of the Irish channel?

Asked by david.t.mi, New Orleans, LA Fri Jan 4, 2013

It is agreed upon that the gentrificaiton is slowly moving along the irish channel and LGD towards the warehouse district

This question was asked from this property: http://www.trulia.com/property/3103814343-920-1st-St-New-Orl…

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The Irish Channel is current red-hot, so-to-speak. Blocks that are close to the river are experiencing renovations and price appreciations that was only found closer to Magazine street just 18-24 months ago. We are in a string seller's market in New Orleans Historic core, and the Irish Channel is no exception

River Garden is a definite success, a huge improvement over the St Thomas projects and managed by an excellent local company, HRI Properties. They have had some crime issues previously (unfortunately many of our historic areas suffer from social ills) but the management is very responsive and in 2012 installed a private security patrol and closed circuit TV system that rivals or exceeds private security districts (paid through tax assessments in the Garden District, Uptown, Audubon, etc.)

Buyers in River Garden are attracted to low-maintenance and high-quality new construction. Some folks don't like the 'planned' feel of it and prefer the more organic historic areas like the Irish Channel.

It's all good - something for everyone in this area. So overall, I'd say both areas play off of each other to their mutual benefit.

Good luck on your home search!

(Disclosure - I have personally lived in the Irish Channel for over 10 years, walking distance to River Garden and we love it. I have represented HRI at River Garden and represented many loyal buyers and sellers in both neighborhoods)
1 vote Thank Flag Link Fri Jan 4, 2013
Thanks for the insight Mike!
Flag Fri Jan 4, 2013
I would beg to disaggree with the perception of gentrification in new Orleans.. It is more of a process of integration backwards.. Where outsiders absorb the local culture and become obsessed with it beyond color creed and race.

As such, the changes are dynamic and demand will continue throughout the city.
Web Reference: http://Iansellsnola.com
0 votes Thank Flag Link Sun Jan 6, 2013
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