ISG Opens Sales Center for Algiers Crossing … New Orleans’ New Riverfront

-

MIAMI, Oct. 19 /PRNewswire/ — Algiers Crossing LLC has announced the sales center opening for 1,500 residence mixed-use community on 14 acres being positioned as Algiers Crossing — New Orleans’ New Riverfront. South Florida based International Sales Group (ISG) is the exclusive sales and marketing team for Algiers Crossing, one of the first master-planned communities since Hurricane Katrina and only new waterfront property in the city. The sales center opens October 22nd in Place St. Charles, 201 St. Charles Ave., Suite 116.

ALGIERS CROSSING LLC PROPERTY(Photo: http://www.newscom.com/cgi-bin/prnh/20071019/CLF045 )

The community will feature one and two-bedroom residences priced from $325,000 to $575,000. Most of the residences will boast panoramic river and city views. An onsite management company will handle rentals for out-of-town owners. Groundbreaking is expected by the end of 2007 and occupancy in spring 2009.

The Gulf Opportunity Zone Act (GO Zone) passed on December 21, 2005 following the Katrina's aftermath, was implemented to rebuild New Orleans by offering real estate investors tax advantages. First users of property initiated after Katrina and ready for occupancy by 2010 are entitled to 50% bonus depreciation in the first year.

“In my 35 years in real estate, I have never seen tax incentives like those offered by the GO Zone Act and demand for housing in one place,” said Spiegelman. “Over the next five years, 28 years worth of construction will be replicated in New Orleans,” added Craig Studnicky, ISG president. “This makes for the best real estate story in US history.”

Founded in 1994, ISG has grown into a multi-billion-dollar company, serving as the exclusive marketing and sales organization for many prestigious developers, ranging from new construction to conversions and re-sales. ISG's headquarters is in the City National Bank Building at 2875 N.E. 191st St., Suite 200, Aventura, FL 33180.

For Algiers Crossing information, call 504-799-6320 or visit http://www.algierscrossing.com.

    For ISG information, visit http://www.iwantisg.com or call (305) 931-6511.

    Contact:  Marissa Feig
    The Apple Organization
    (305) 937-1581 ext. 110
    Marissa (at) appleorg (dot) com
SOURCE Algiers Crossing LLC

© 2007 PR Newswire. All Rights Reserved.

SHARE
Avatar

Louisiana RealEstateRama is an Internet based Real Estate News and Press Release distributor chanel of RealEstateRama for Louisiana Real Estate publishing community.

RealEstateRama staff editor manage to selection and verify the real estate news for State of Louisiana.

Contact:

Previous articleFERRIDAY AND TALLULAH RECEIVE $643,000 IN GRANTS FROM HUD FOR AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT
Next articleReserve Fund Announced That Could Spur $100 Million in Home Renovations in New Orleans