KBK Media Kit

Page 50

Marrero Commons, New Orleans, LA After Hurricane Katrina devastated New Orleans in 2005, President & CEO of KBK Enterprises, Keith Key headed down south to help the National Baptist Convention, the largest African American religious group in the country for which he was a board member of its housing corporation. While helping out he came into contact with the BW Cooper Resident Management Corporation (RMC). That group and KBK Enterprises decided to form a relationship so they could find a way to redevelop the Katrina ravaged BW Cooper Community. Two years later KBK was selected as the developer for the revitalization and redevelopment of BW Cooper, now renamed, Marrero Commons after staunch, resident advocate Yvonne Marrero. This 1,500 unit, 55 acre site near the New Orleans Superdome was redeveloped into a mixed income community that includes affordable, public and market rate housing. The total project cost for Phase 1 was $150 million consisting of 250 units, with Phase 2 at 160 units. Marrero Commons Phase 1 was completed in 2013 and Phase 2 in 2015.

50


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.