Computer generated image of the exterior of the Bywater building coming soon

Bywater

About the Project

REAL Estate / Coming Soon
Old and New become one in The Crescent Hotel, the most exciting new development to arrive directly on the Mississippi River in New Orleans’ vibrant Bywater district. The Crescent will be a brand new, four-story riverfront, mixed-use condo development that consists of twelve residential units and two ground floor commercial units.

Project Partners

Partners: Robert Balzebre, David Fuselier, and Patrick Schoen

ROBERT BALZEBRE: After graduating from law school in 1992 and practicing four years of real estate law, Robert began to transition from law into real estate development. He began by acquiring historic art deco apartment buildings in Miami’s South Beach. He performed total and complete renovations of each building and converted them to condominiums for sale. Robert successfully completed six different projects on South Beach including The Arcadia, The Maritime, and The Santana. Robert eventually acquired the Surfcomber Hotel on Collins Avenue and performed a full scale renovation and rebranding of the property into the current four star Kimpton boutique property.

At the same time, Robert started to take on a role in his family’s development business. He began to reposition aging properties in the portfolio. Robert obtained increased entitlement rights, performed full scale renovations, put in place new management at each property. The efforts produced higher returns and ultimately added value to each property.

DAVID FUSILIER: David Fusilier has over 10 years of experience in the construction industry. He began his career as a structural engineer. David worked for four years designing large, offshore oil structures in the Gulf of Mexico and manufacturing plants and transport docks along the Mississippi River. Over time, and with the background of his family construction business, David has turned into one of the youngest and most ambitious real estate developers in the City of New Orleans. He has developed many residential properties throughout the City from ground up some of which involved complex historic renovations. In the same neighborhood as the proposed hotel, he purchased half a city block and re-subdivided in to 12 single family homes.. He bought 4 buildings in the French Quarter on the same block, and developed one into a champagne bar for a tenant, a single family home. He is currently redeveloping 4 buildings in the Central Business District, near the Superdome, into boutique hotels.

PATRICK SCHOEN: A local New Orleanian with a family that dates back to 1859. The fifth generation Jacob Schoen & Son Funeral Home is an institution in the City of New Orleans revered for its devoted respect and support of the community. Patrick is the acting Managing Partner of the business. In addition, Patrick has become an active real estate investor in building communities and business through out the city. He has successfully completed two other projects in the Bywater neighborhood and has been critical in community outreach and engagement with the City of New Orleans staff and elected officials.