Many proposed developments are afoot in New Orleans right now, from the under-construction projects to developments that are just in the pie-in-the-sky-renderings stage at the moment. We'll keep track of them here to see which ones succeed, which ones stall, and which ones fall off the map altogether.Read More
New Orleans Real Estate Developments to Watch
1031 Canal St.
Construction has finally begun on the long-stalled hi-rise at the corner of Canal and N. Rampart Streets. Kailas Companies’ redevelopment of the historic Woolworth’s building, which has been in development limbo since City Council approved the project in 2012, originally planned to just include high-end apartments. Recent plans show the development will also include a hotel. The company expects construction to be finished by "the first quarter of 2018."
Sidney Torres Lafitte Greenway Development
Prolific real estate developer, and possible mayoral candidate, Sidney Torres' biggest planned project is a high-end mixed-use development near the Lafitte Greenway in Bayou St. John. The five-acre multi-family development calls for 382 studio, one-bedroom, and two-bedroom apartments, ranging from 750 square feet to nearly 1,200 square feet, in "French Quarter-style" buildings. There will also be retail. The City Planning Commission recently approved the project.
The project from the owner of Tipitina's calls for a 5,000-person theater, restaurants, and retail space at the former site of the Bally's riverboat casino landing. The site would also include a fuel dock and marina supply and convenience store, plus a boathouse for the National World War II Museum to house a restored Navy torpedo boat. City Council approved the project.
Beginning with the demolition of a big, mostly vacant and deteriorating shopping strip to make way for an Ochsner facility, the Jefferson thoroughfare is slated for a makeover—mostly fueled by the hospital's expansion. The parish recently applied for a grant to make public transportation and pedestrian accessibility improvements.
Louis Armstrong Airport Terminal and Hotel
A new Cesar Pelli-designed terminal is in the works for MSY, and it's slated to open October 2018. The Aviation Board and the City of New Orleans also recently put out a call for bids for a three-star hotel that would be connected to the new terminal.
Part of downtown's once bustling “Back of Town” jazz corridor, the building went through a decade of false starts in redevelopment. But now a fundraising effort, helmed by a group of cultural ambassadors that includes Maroon 5 's P.J. Morton, is hoping to raise $500,000 to bring Eagle Saloon back. The group hopes to convert the three-story building into a space with a "first-floor performance venue, possibly with a WWOZ studio. The second and third floors would be devoted to jazz history and education, including programs for children."
Iroquois Theatre and Karnofsky Tailor Shop
The Arlene and Joseph Meraux Charitable Foundation, which also owned the Eagle Saloon, sold the former Iroquois Theatre and Karnofsky Tailor Shop—also Back of Town landmarks—to developer Joseph Georgusis. There’s no word yet on what the developer plans to do with the properties, but the developer said his company plans to place "these buildings back into commerce in a way that pays tribute to their rich history and importance to our community and country."
World Trade Center
Severely stalled for years, and then again recently due to some litigation, a judge finally dismissed the lawsuit filed against the city by the losing bidders on the WTC lease. It seems like the group will challenge this decision, but Mayor Mitch Landrieu wants to have the project completed before his term ends in May 2018. Plans call for a Four Seasons hotel and condos.
Six Flags New Orleans
Yeah, we know: The lack of progress in redeveloping Six Flags New Orleans is comical at this point. Over the years, any attempts to redevelop the abandoned, overgrown theme park has failed. But recently, the board that's the steward of the property finally selected an appraiser, which is a step in the right direction.