Construction Begins on Parkway Apartments
NEW ORLEANS (January 29, 2018) — Developers Denzel Clark of Citadel Builders, C. Mohan Kailas of Kailas Companies, and Todd Trosclair today announced that they have secured financing and started construction on Parkway Apartments at 4650 Washington Ave., in New Orleans, LA. The $40 million development features 207 luxury one and two-bedroom apartments; 13,776 square feet of prime retail space on two major thoroughfares; and 313 secure parking spaces. This is the first large-scale, ground-up new construction in the Mid-City area of New Orleans in recent history.
“Parkway Apartments will set the standard for luxury apartment living in the Broadmoor and Mid-City areas,” said C. Mohan Kailas. “The community boasts a rooftop pool and gardens, luxury amenities, and a great location only a few minutes away from New Orleans’ CBD.”
Parkway Apartments will occupy one city block on the corner of South Jefferson Davis Parkway and Washington Avenue, located across the street from Xavier University. The convenience of the location will allow residents quick travel to downtown via Washington Avenue and City Park via Jefferson Davis Parkway.
Hank Smith of Harry Baker Smith Architects II, PLLC designed Parkway Apartments in a modern and eco-conscious style. Utilizing ENERGY STAR green building standards, Parkway maximizes sustainable design wherever possible. The apartment community is designed around an elevated park, with private balconies and design-forward finishes in the apartments and public spaces. The units are designed to position Parkway Apartments among the top apartment communities in New Orleans.
Amenities will include a fully-equipped fitness center with CrossFit style equipment, a large ballroom with catering kitchen, and a Conference Center where residents can work or study with the help of the latest technology. The elevated gardens and park will host large, open-air gazebos; BBQ picnic areas; a swimming pool; and extensive landscaping including grass and full-size trees. Free Wi-Fi will be available throughout all common areas. On the rear of the building will be a dog park and an observation deck, offering unobstructed views of downtown New Orleans.
Citadel Builders is the general contractor, and construction is expected to be complete in Spring of 2019.
About Citadel Builders:
Denzel Clark, a founding member of Citadel Builders, LLC, founded the company in October of 2003 to provide quality construction services in the Gulf Coast Region. Denzel Clark served as Executive Vice President and Division Manager from 1993 to 2003 for Brice Building Company, Inc. (a regional general contractor headquartered in Birmingham, Alabama) and is responsible for constructing over $600 million of some of the largest and finest projects in the New Orleans area. From very humble beginnings, Citadel Builders, LLC has grown into one of the top construction services providers in the Gulf Coast. For more information visit www.citadel-builders.com
About Kailas Companies:
Founded in 1990 by C. Mohan Kailas, Kailas Companies is one of Louisiana’s top owner/operators of commercial property today. Relying on the experience and dedication of its staff and the satisfaction of its tenants, the company now owns, develops and manages numerous facets of property, from high-rise office, luxury multifamily, regional retail centers, warehouses, and land. A wealth of creativity, disciplined risk management and drive enable Kailas Companies to expand while maintaining stable growth over the past 28 years. Kailas Companies prides itself on excellence in property evaluation, market expertise, strict risk analysis, and strong community and professional relationships. The company’s long-term investment strategy is to set a strong foundation for the years to come. The development ethos is conservative. The team will not embark on projects without the utmost confidence in their success. Through this philosophy, Kailas Companies has emerged as one of the top owner/operators in its market. For more information visit www.kailascompanies.com