Even though a group of investors filed a lawsuit saying the city's process for selecting tenants of the vacant World Trade Center was unfair, the winning tenant, a Four Seasons hotel, is moving forward in the 33-story tower. Investors in the project are in town today for a ceremony to sign partnership agreements, according to NOLA.com, meaning that construction on the building could begin soon.
But Two Canal Street Investors, the group who sued the city, isn't giving up: They have appealed a New Orleans judge's refusal to block the Four Seasons project from moving forward, according to NOLA.com. The group had proposed a Hotel Alessandra, a burgeoning "new luxury" hotel brand whose only other outpost is in Houston.
The Four Seasons plan includes "a 350-room luxury hotel, 76 hotel-serviced condos and two new buildings with parking, meeting rooms and a restaurant."
· New Orleans World Trade Center: Four Seasons investors in New Orleans for ceremony [NOLA.com]
· New Orleans World Trade Center: Four Seasons moving ahead despite lawsuit [NOLA.com]