Historic factory could provide 54 artist apartments in Bywater

Historic factory could provide 54 artist apartments in Bywater

N.O. CityBusiness Staff

HRI Properties will develop roughly 54 apartments in Bywater trying to ease the shortage of housing for artists.

Rents would range from $450 to $550 a month, which is less than the $1,100 to $1,200 neighborhood average, said HRI CEO Pres Kabacoff.

Kabacoff said HRI will work to identify artists who will live in the development, a former factory at Pauline and Dauphine streets.

“We have lost a couple of hundred thousand people, but 20,000 of those people were the so-called cultural character of the community, and certainly the artists fit into that category,” he said.

Kabacoff also said it’s too early to know how many apartments the development will have, determine the value of the project or the amount of tax credits to finance it.

The project will go to the City Council after HRI gathers community input, Kabacoff said.

Staci Rosenberg, project manager, said the one-block property was featured in “A Confederacy of Dunces” by John Kennedy Toole. Ignatius J. Reilly, the central character in the fictional book, worked in the factory, Rosenberg said.

Copyright 2007 Dolan Media Newswires

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