The 141 Lofts
MONROE · LA · Multi-family
The eight-story Ouachita National Bank Building (Bernhardt Building) in downtown Monroe, Louisiana, was built in 1928 and operated as a bank and commercial office building. It suffered high vacancy and had gone into foreclosure when Provident Realty Advisors purchased it in 2012. Provident converted the building into 67 loft-style apartments while preserving the historic building and utilizing federal and state historic tax credits approved through the National Park Service and State Historic Preservation Office. In addition to being a beautiful rehab, The 141 Lofts was also awarded a LEED (Leadership in Energy and Environmental Design) for Home Silver designation. The property offers luxury amenities and finishes including granite counter tops, stainless steel kitchen appliances, wood-style plank floors, exposed ducts, energy star rated refrigerator, dishwasher and air conditioning unit, built-in microwave, dark wood cabinets, and a washer and dryer in each unit. Community amenities include a swimming pool, fitness center, business center, playground, and management offices. The 141 Lofts is a prime example of the social, environmental, historic, and cultural benefits of adaptive reuse.