In March of 2002, LTPG completed the development of Majestic Sun, a 356-unit
beach
resort located in Seascape Resort Community in Destin, Florida. A complete
description of Majestic Sun can be found at
www.majesticsuncondos.com.
Click on an image below for more detail.
Simultaneous to
the development of Majestic Sun, LTPG developed a $225,000,000 mixed-use hotel
complex,
anchored by the
452-room Ritz-Carlton Hotel in New Orleans, Louisiana. A complete description
of the Ritz-Carlton – New Orleans can be found at
www.ritzcarlton.com/hotels/new_orleans/.
Click on an image below for more detail.
For a
more extensive listing of completed developments, please refer to the table
below.
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LE TRIOMPHE PROPERTY GROUP, L.L.C. |
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COMPLETED DEVELOPMENTS |
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Estimated |
Number |
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Real Estate |
of |
Completion |
Property |
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Development |
Appraised Value (1) |
Units |
Dates |
Type |
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Madison Square Apartments (Phase I) - Harvey, LA |
$5,331,314.00 |
168 |
Oct-89 |
Affordable Housing |
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Westchase Apartments - Harvey, LA |
$9,225,000.00 |
380 |
May-90 |
Affordable Housing |
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Madison Square Apartments (Phase II) - Harvey, LA |
$4,404,485.00 |
152 |
Aug-91 |
Affordable Housing |
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Jefferson Lakes Apts. (Phases I & II) - Baton Rouge, LA |
$11,640,041.00 |
296 |
Oct-92 |
Affordable Housing |
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Tall Timbers Apartments - Baton Rouge, LA |
$8,007,373.00 |
328 |
Sep-94 |
Affordable Housing |
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Jefferson Lakes Apts. (Phase III) - Baton Rouge, LA |
$4,091,711.00 |
112 |
Oct-95 |
Market Rate Housing |
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Siegen Village Apartments - Baton Rouge, LA |
$12,298,021.00 |
312 |
Oct-95 |
Affordable Housing |
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Bluebonnet Ridge Apartments - Baton Rouge, LA |
$4,239,370.00 |
112 |
Mar-96 |
Affordable Housing |
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St. Jean Apartments (Phase I) - Baton Rouge, LA |
$9,900,000.00 |
208 |
Mar-98 |
Affordable Housing |
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St. Jean Apartments (Phase II) - Baton Rouge, LA |
$9,900,000.00 |
208 |
Mar-98 |
Affordable Housing |
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St. Jean Apartments (Phase III) - Baton Rouge, LA |
$9,900,000.00 |
208 |
Mar-98 |
Affordable Housing |
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Lake Sherwood Retirement Center - Baton Rouge, LA |
$8,250,000.00 |
120 |
May-98 |
Market Rate Senior Housing |
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Magnolia Crossing Apartments - Gonzales, LA |
$5,279,776.00 |
104 |
Dec-99 |
Affordable Housing |
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Iberville Suites Hotel - New Orleans, LA |
$43,686,953.00 |
230 |
Nov-00 |
Suites Hotel |
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Ritz-Carlton Hotel - New Orleans, LA |
$126,441,687.00 |
452 |
Oct-00 |
Luxury Hotel |
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MBRG Garage - New Orleans, LA |
$7,367,586.00 |
148K Parking |
Oct-00 |
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Maison Orleans Boutique Hotel - New Orleans, LA |
$17,933,513.00 |
75 |
Nov-00 |
Boutique Hotel |
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MBRG Retail Gallery of Shoppes - New Orleans, LA |
$5,604,683.00 |
19K Retail |
Nov-00 |
Retail |
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MBRG Spa at the Ritz-Carlton - New Orleans, LA |
$11,077,182.00 |
19K Spa |
Nov-00 |
Retail |
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Majestic Sun Condominiums |
$89,282,674.00 |
356 |
Mar-02 |
Condominiums |
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Harbour Village at Historic St. Andrews |
$43,886,403.00 |
116 |
Oct-05 |
Condominiums - under construction |
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TOTAL |
$447,747,772.00 |
3,937.00 |
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Notes: |
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(1) Estimated appraised values do not include value of tax credits.
Valuations are either MAI prepared or calculated internally based on the
NPV of discounted cash flows. |
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