The Kailas family, main players in the city's development scene, aren't letting some federal theft charges hinder their luxury retail/residential plans at the former Woolworth Building. WWL exposed the scandal last year and now reports that Councilwoman Kristin Gisleson Palmer says the development at Canal and North Rampart Streets will still happen. In case you missed it, Praveen Kailas, a huge proponent of the $70M tower, admitted guilt to yoinking a quarter of a million dollars from a post-Katrina rebuilding program. His pops, Mohan Kailas, is the owner of the development company overseeing the project. So even if Praveen does spend time in the clink, the show will go on. Plans call for 240 residences, 15 penthouses, three rooftop decks, an elevated dog park, two gyms, a movie theater, parking, 65,000-square feet of retail space, and a 2015 opening date.
· Downtown development ventures and a side of scandal [Curbed NOLA]
· More questions raised after developer with ties to Jindal accepts plea deal [WWL]
· Developer exposed by WWL-TV pleads guilty to federal theft charges [WWL]
· 1031 Canal Street [official site]
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