MSRED Alumnus Brennan Fournerat, '13 Featured in New Orleans City Business
Banker/developer turns to home restoration project
On the corner of Peniston and Dryades streets in the heart of Uptown’s Milan neighborhood, the residence at 1905 Peniston St. remains one of the lone blighted properties in a neighborhood of renovated houses. Now, after years of neglect, the 105-year-old craftsman-style home with a unique architectural history will be restored to its former glory by a New Orleans investor who is building a career in real estate redevelopment.
Brennan Fournerat, vice president for asset management at Iberia Bank, said he plans to spend between $320,000 and $350,000 to renovate and restore the 4,200-square-foot home. The house was built in 1909 and designed by architects from Favrot & Livaudais, the firm that designed several New Orleans properties including the Hibernia Bank Building, the Cotton Exchange and the Latter Library on St. Charles Avenue. Fournerat purchased the home about a month ago for $260,000.
“This house is maybe one of five or six residential properties that the firm built in the city,” Fournerat said. “I don’t know if I have ever seen a house with as much detail as this one.”