The Consumer’s Biscuit Company building–a four-story, 80,000-square-foot (7,432-sq-m) structure located in the Warehouse District of New Orleans–was vacant by the time HRI Properties purchased it in 1992. That year, HRI, a New Orleans-based development firm specializing in adaptive use of historic buildings, converted the edifice–which it named the Bakery–into 66 apartments. A market study conducted by real estate consultant Herbert/Smolkin Associates accurately projected that the building would be 90 percent leased within nine months of its opening., , In 2003, HRI again converted the building, this time to condominiums. The conversion fit HRI’s mission, which has been to revitalize cities by creating diverse, vibrant, and sustainable communities. Its approach to redevelopment is holistic, incorporating community needs, historic preservation, and community and economic revitalization. HRI employs staff professionals in all areas of development, including architecture, financing, construction, and residential management.

Date Completed:
Case Study/Profile Type: DCS
Website: http://www.bakerycondo.net
World Region: North America
Developer(s): HRI Properties
Website (Dev.): http://http://www.hriproperties.com/
Designer(s): HRI Properties
Website (Des.):