The Four Seasons Launches New Push To Sell Remaining Condos That Have Sat Vacant in This Gulf State

Four Seasons Hotel and Private Residences New Orleans is trying a new marketing push for the first time in a bid to sell the last remaining condominiums that have sat vacant since the building welcomed its first residents four years ago.

The empty condos make up nearly 30% of the units—none of which have seen a single owner—in the luxury high-rise that opened in 2021.

Just last week, Christine Lutz listed four developer units on the multiple listing service for the first time.

"We had 25 homes remaining in the developer reserve but have sold two in the past two weeks, so we are now down to 23 remaining," Lutz, director of new development sales for The Dawn McKenna Group, tells Realtor.com®.

Lutz says the two units that are under contract were both sold to local buyers and represent nearly $5 million in sales.

According to Lutz, the asking prices for the available units range from $750,000 to over $6 million, while the condos themselves range from about 1,050 square feet to more than 5,000 square feet.

The newly listed condos for sale offer a range of layouts, from one-bedroom residences to expansive multibedroom penthouses.

"Four of the penthouse homes on two upper floors are 'gray box'—ready for customization—and the remaining homes are ready for the first occupant and have not been lived in," Lutz says.

"After announcing to the public that there is remaining inventory, we have seen a dramatic increase in interest," says Lutz.

Real estate agent Glennda Bach, of Compass, sold 13 development units when the building was first completed.

"Since then, I have closed two resale transactions, currently have one sale pending, and represent two resale units actively on the market," she tells Realtor.com.

"I’m getting a strong interest in the Four Seasons units. Buyers are actively touring, and we’ve seen excellent engagement across price points."

Bach says the asking prices per square foot for the resale units are among the highest in New Orleans, currently ranging from $1,108.27 to $1,963.27 per square foot.

"In contrast, certain newly released developer units are currently offered at a lower price per square foot, reflecting differences in floor plans and positioning," she says.

Bach says she has seen local luxury market activity pick up moving into 2026.

"There's increased buyer engagement and stronger showing activity compared to late 2025," she adds.

According to Bach, the new mayor’s focus on governance and public safety—combined with a successful and well-managed Mardi Gras 2026—has strengthened confidence in the city.

"Increased safety measures and strong tourism reinforced that New Orleans is a vibrant, desirable place to live and invest, which supports greater buyer confidence in the real estate market," she says.

History of the project

Nearly a decade ago, work began on the effort to convert the former World Trade Center into a luxury high-rise known as the Four Seasons.

The project faced a two-year construction delay due to an unsuccessful lawsuit from a competing bidder, followed by three more years of work, pushing overall costs past $560 million.

The property debuted in 2021 amid a challenging environment for the hospitality market, with lingering pandemic impacts, rising interest rates, and escalating construction costs.

Initial purchasers of the Four Seasons Hotel and Private Residences New Orleans included football legends Drew Brees and coach Sean Payton.

The project has experienced some financial struggles over the years, but Nola.com reports that those issues have not affected the relationship with the Four Seasons hotel management company, which is under a long-term contract to operate the hotel and residences within the high-rise.

Lots of luxury amenities

The Four Seasons Hotel and Private Residences New Orleans is managed by a director of residences and has a 24/7 residential staff.

The building offers more than 22,500 square feet of managed amenities for residents, including a 75-foot rooftop pool, private spa, fitness center, and 7,500 square feet of landscaped private gardens.

Other features include a residents-only floor with a historic hall, private bar lounge, children’s playroom and golf simulator, along with a private porte cochère, dedicated lobby, high-speed elevator access, and secure valet parking equipped with electric-vehicle charging. Residents can also arrange in-residence dining, grocery delivery and stocking, housekeeping, and commercial laundry and linen services.