Downtown Residential Projects

[Southron]

In addition to the large condominium proposals, there are a number of smaller residential projects in the works for downtown. I've posted a few pictures of some of those projects below, but there are a lot more. What other downtown residential projects are planned, under construction, or recently completed?

Dauphin St mattress factory conversion to 24 condos:

The Warehouse condos on Dauphin (completed):

Former Convent of Mercy, now St. Francis Place condos (completed):

[Southron]

All of the 22 available lofts at the Mattress Factory (412-416 Dauphin St.) have sold. The units were priced in the $140,000's a year ago, and some have resold in the $220,000's. The building should open next month.

It's good to see that these units sold right away. Hopefully investors will continue to pick up the pace of downtown residential development.

Mobile Press-Register column

[austin356]

All of the 22 available lofts at the Mattress Factory (412-416 Dauphin St.) have sold. The units were priced in the $140,000's a year ago, and some have resold in the $220,000's. The building should open next month.

It's good to see that these units sold right away. Hopefully investors will continue to pick up the pace of downtown residential development.

Mobile Press-Register column

[Southron]

This is not just good for these owners, but rather a massive boost to downtown. If it was profitable to renovate a building for units selling at 140k, then there are few builds in downtown that it would not be profitable to renovate now. Subsequently the underlying economics behind this statement are much more profound and positive than it would appear.

[Southron]

^Links to the recent downtown residential market potential study for Mobile:

• Residential Market Potential Study

• Appendix

• Target market descriptions

[The Dude]

^Links to the recent downtown residential market potential study for Mobile:

• Residential Market Potential Study

• Appendix

• Target market descriptions

[Southron]

Thanks for pointing that out, TheDude. They're fixed now.

[Southron]

New condo construction planned on St. Francis Street, a block away from Bienville Square:

250 St. Francis Street

[The Dude]

New condo construction planned on St. Francis Street, a block away from Bienville Square:

250 St. Francis Street

[Southron]

I'm digging the design, fits in perfectly with the architectural and cultural history of our area. Great addition to downtown. Though first floor retail/buisness space would have been nice.

[Southron]

The current issue of Lagniappe has a column about residents of some of the new downtown developments. Several projects are set to be completed by the end of the year, and the number of downtown residents should begin to grow at a faster clip.

They include everything from single professionals to empty nesters and retirees, ranging in age from 20-somethings to 60 and 70-somethings. Some moved from other areas of Mobile; others moved in from out of state.

[Southron]

Local and out-of-town developers are looking for downtown buildings or land to build more residences to meet demand. According to a report done last November for the Downtown Mobile Alliance, residents moving to downtown Mobile would fill more than 250 housing units a year for at least five years. Prices for these condo units and houses should range from $115,000 to $500,000, and current downtown prices range from $166,000 to $500,000, depending on square footage and amenities.

Mobile Press-Register: Condo projects keep sprouting downtown

[kayman]

What are the current population figures for the Downtown population?

[Southron]

What are the current population figures for the Downtown population?

[Southron]

I took some pictures of some (not all) of the downtown residential and mixed-use projects last weekend. I'm impressed with how much is going on, particularly with the infill projects kicking in sooner than I ever thought would happen.

Projects under way or projected:

250 St. Francis Street site

Carriage Works, renovation and new construction, 11 condos

Buick building, renovation into 30 residential units

Crescent Theater, art film theater and banquet hall with residential units above

Central Optical, office space and 8 condos

St. Louis Lofts, 21 condos

Renovation into home and garden store with 2 apartments above

The O'Gwynn, 12 condos

Mattress Factory Lofts, 25 condos

[Southron]

A few recently completed projects:

St. Emanuel Place, mixed-use with 11 residential units

Clarkson Townhouses, 4 residential units in new construction

Claiborne Apartments, 8 units in new construction

Office space and 3 residential units on Dauphin St.

[elb401]

Great photos!! I like the claiborne apartments. More people need to fill that niche of rental units downtown. Not everybody wants to buy or can afford to live downtown.

[Southron]

The Downtown Mobile Alliance is sponsoring a Downtown Living Tour of up to 25 lofts, apartments, townhouses and restored historic residences that represent urban living in downtown Mobile. The tour is scheduled for Saturday, October 20th from 11:00 am to 5:00 pm.

Details link:

Downtown Living Tour

[Southron]

Great photos!! I like the claiborne apartments. More people need to fill that niche of rental units downtown. Not everybody wants to buy or can afford to live downtown.

[Southron]

More info on the downtown living tour, from the Press-Register:

Alliance tour to focus on downtown living

Tickets are $15 in advance and $20 on tour day at the registration desk in Cathedral Square.

[elb401]

I posted these on some other forums and have been asked to post them here too. They are all from the Mattress loft factory condos. so for those that have not seen them....i hope you like them.......

[Southron]

Great pics, elb401! I really like the views from the balconies. What's the price range there at the Mattress Factory lofts?

[nimsjus]

Great pics, elb401! I really like the views from the balconies. What's the price range there at the Mattress Factory lofts?

[Southron]

Photo updates for a couple of the downtown residential projects:

Mattress factory exterior

St. Louis lofts

[Southron]

Dauphin Realty plans to open an office on the first floor of the Mattress Factory lofts later this month or in early February. The company bought an 1,800 sq ft unit fronting Dauphin Street.

Kathy Jumper column 1/13/08