50-Unit Development Opportunity

The McEnery Company is pleased to offer for sale: 1301 Clouet Street, a ~60,000-square-foot, 50-unit development opportunity in the Bywater. Priced under $60k per unit at $51 per square foot, far below replacement cost, the former Lorraine Hansberry Elementary School is located just off St Claude Avenue along Clouet Street. The project includes 9% LIHTC current round application, Part 1 & 2 Historic Tax Credit approvals, CD set of plans for 50 units, ESA Phase 1, and other preconstruction materials. Bypass the OPSB auction process!