CHICAGO, IL - Wolf Development Strategies, a premier full-service development advisory, marketing and sales firm for luxury residential developments across the U.S., today announced the sell out of The Standard, a 15-story condo building in the South Market District of downtown New Orleans.
Wolf Development Strategies worked with The Standard developer, The Domain Companies, based New Orleans and New York, to identify marketing and sales strategies to lead over $96 million in sales, positioning the development of 89 large one- to three-bedroom homes at 1001 Julia St. as the fastest-selling condominium development in the city. The firm selected leading Louisiana brokerage, Latter & Blum, as its local partner.
“Wolf Development Strategies is pleased to exceed sales expectations. Our success at The Standard highlights how for-sale developers can help accelerate sales with a robust sales and marketing strategy that meets regional buyer market demands,” said David Wolf, president and CEO of Wolf Development Strategies.
Until its sale for $1,254,000, the last remaining unit, a three-bedroom, 3.5-bathroom with 10-foot ceilings and breathtaking views of the Superdome and Central Business District, served as the sales model for The Standard. Designed by renowned architect and New Orleans native Morris Adjmi, the development features 30,000 square feet of amenity space, including a heated, saltwater pool, private cabanas, outdoor kitchens, fenced dog run and fitness center.
“In today’s fast-paced market, a development needs a dedicated sales and marketing team that enhances the buyer experience to gain a critical edge in increasing quality traffic to more effectively close sales,” said Wolf Development Strategies Vice President Christine Lutz.
Wolf Development Strategies is currently leading sales for international firm Lendlease’s The Reed, a 41-story luxury residential high-rise marking the next phase of the Southbank development in Chicago’s Printers Row neighborhood; 1400 Monroe, a collection of 42 luxury residences in Chicago’s West Loop; and The DeMarcay, an 18-story condo tower in downtown Sarasota, Fla.