North Boulevard apartments undergoing renovation

A $1 million renovation of the Prince Apartments on North Boulevard is set for completion in November. Tony Gelderman, a New Orleans attorney, bought the Art Deco building at the intersection of Napoleon Street before Hurricane Katrina hit. “That threw my timing off,” says Gelderman. But a top-to-bottom renovation is wrapping up. New plumbing and electrical systems have been installed, along with tankless water heaters and washer-dryer combinations in each unit and gated parking. Gelderman says the project wouldn’t have been financially feasible if not for the state and federal tax credits for renovating properties in historic districts. The Prince Apartments are made up of four one-bedroom and four two-bedroom units. Rental rates in the units will be comparable to the One Eleven lofts by the Shaw Center, which are $1,000 to $1,200 a month. “These will be good for lobbyists,” Gelderman says. —Timothy Boone