We've stayed with Merchant Lofts before and generally like the spaces they offer, the location and the general upkeep of the apartments. This was no exception.
However, the apartment did have the feeling of not being very well appointed; you would be hard pressed to cook a meal with the single pot provided and the limited cooking utensils. Obviously, this won't matter if you are there for a short stay, which in this instance we were.
Additionally, it didn't feel like anyone had looked in on the place recently (other than to change the sheets and general clean up). The front hall lights didn't work when we arrived but a review of the fuse box fixed that issue. The strings for the shades in the living room were all tangled, and clearly no one took the time to fix that (I don't blame them - I tried and couldn't do it, but still...)
But these are minor complaints. You cannot beat the location, practically across Canal street from the French Quarter and all that would have to offer.