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2
Posted on 9/14/23 at 3:47 pm to tgrbaitn08
quote:
Move it to the River District and tear down the existing structure and replace it with tailgating and safety parking for Saints games. Or build more condos/hotel next to the dome with shops and restaurants
Before covid I would have said this is a bad idea, because a lot of CBD workers walk over to mid week games after work and this is a little too far/inconvenient for that. But now I mostly agree. If you have to do a new stadium, this site is probably the best bet.
The dome will simply never be replaced in my lifetime. I really don’t know what they do with the arena if it needs to be replaced. Relocate team to the dome for 2 years and rebuild in place? When city hall/cdc eventually moves, redevelop city hall and Duncan plaza as an arena and park? There just aren’t a lot of options
Posted on 9/14/23 at 3:47 pm to notiger1997
quote:
I thought this thread was about Shell and their move to the River District. :)
I considered starting with this
Posted on 9/14/23 at 3:48 pm to notiger1997
True, the comment was in regards to the River District as a whole.
The Pelicans/Benson pitched a new Arena in the River District just this past June.
The Pelicans/Benson pitched a new Arena in the River District just this past June.
Posted on 9/14/23 at 3:52 pm to GeorgeReymond
Been there many times for meetings. Never took a vehicle to lunch. Dozens of great restaurants within an 8-10 minute walk. What a shame.
Sucks for restaurants around there.
Sucks for restaurants around there.
Posted on 9/14/23 at 4:07 pm to Tridentds
quote:Yeah, when I worked there I believe Shell had ~1500 in building, then you had the credit union, law firms, etc. Lunchtime was pretty chaotic. I dislike Subway, but for people not leaving the building, that Subway did monster business. I believe it was the highest revenue Subway in the city and was only open for breakfast and lunch.
Been there many times for meetings. Never took a vehicle to lunch. Dozens of great restaurants within an 8-10 minute walk. What a shame.
Sucks for restaurants around there.
But to your point, lots of good eats around there. A lot of mom and pop type operations too that got a lot of traffic.
Posted on 9/14/23 at 4:17 pm to GeorgeReymond
Glad they aren’t moving it all to Houston.
Posted on 9/14/23 at 4:59 pm to tgrbaitn08
quote:
There are empty office spaces across the country.....this is nothing confined to just New Orleans
If thet gives you solice...
Posted on 9/14/23 at 5:10 pm to La Place Mike
Are you really that naive?
The Next Crisis Will Start With Empty Office Buildings
Commercial real estate is losing value fast.
The Next Crisis Will Start With Empty Office Buildings
Commercial real estate is losing value fast.
quote:
During the first three months of 2023, U.S. office vacancy topped 20 percent for the first time in decades. In San Francisco, Dallas, and Houston, vacancy rates are as high as 25 percent. These figures understate the severity of the crisis because they only cover spaces that are no longer leased. Most office leases were signed before the pandemic and have yet to come up for renewal. Actual office use points to a further decrease in demand. Attendance in the 10 largest business districts is still below 50 percent of its pre-COVID level, as white-collar employees spend an estimated 28 percent of their workdays at home.
Derek Thompson: The biggest problem with remote work
With a third of all office leases expiring by 2026, we can expect higher vacancies, significantly lower rents, or both. And while we wrestle with the effects of distributed work, artificial intelligence could drive office demand even lower.
Posted on 9/14/23 at 5:22 pm to tgrbaitn08
New Orleans office space occupancy has, reportedly, held up better than most because, as noted in the article, this would be the first new class A office space built in the city in decades. And a lot of existing stock has been repurposed as housing.
I don’t actually know the numbers, but core CBD in New Orleans still feels very light as compared to pre-covid. Traffic at rush hour is minimal, office parking is available and foot traffic just seems very light in the buildings. All of that is just my own observations.
I don’t actually know the numbers, but core CBD in New Orleans still feels very light as compared to pre-covid. Traffic at rush hour is minimal, office parking is available and foot traffic just seems very light in the buildings. All of that is just my own observations.
Posted on 9/14/23 at 5:37 pm to ned nederlander
Facts: over $3b+ of investments have and will be pumped into construction projects the past 3 to the next 5 years already on the books.
Posted on 9/14/23 at 6:21 pm to GeorgeReymond
This is exciting news! The first Class A office building to be built in New Orleans in 30 years and it might be 7 stories tall!
Posted on 9/14/23 at 6:31 pm to drizztiger
A few of the mom and pops are already closing. P & G ‘s closed. The Store closed. It’s very depressing down there now. Food Court is basically a ghost town.
Posted on 9/14/23 at 6:51 pm to Mr. Curious
quote:
Food Court is basically a ghost town.
Which one?
The one at Place St Charles (or whatever it’s called) is still doing pretty well. Especially Weltys in there.
But overall I agree the CBD is quite a bit slower than pre Covid with vehicles and foot traffic.
Posted on 9/14/23 at 7:30 pm to Swagga
“Shell's new home will be 120,000 square feet — about one-tenth the size of the 51-story high-rise — and the company will be slashing the amount of office space it occupies. In its current home, Shell leases 308,000 square feet, according to Mike Otillo, a leasing agent with the California-based Hertz Investment Group, which has owned the tower since 2015“
Yup you are right.
Yup you are right.
Posted on 9/14/23 at 8:02 pm to Mr. Curious
quote:That sucks. I haven’t been down there in a long time. P & G ‘s was a go-to. Dat shrimp poboy, son.
A few of the mom and pops are already closing. P & G ‘s closed. The Store closed. It’s very depressing down there now. Food Court is basically a ghost town.
Posted on 9/14/23 at 8:20 pm to GeorgeReymond
What’s up with the football, er, soccer stadium? Are they planning on franchising a club?
Posted on 9/14/23 at 11:11 pm to achenator
quote:
An acquaintance's family business owns all the Grand Bohemian Hotels and the Savannah power plant revitalization. I asked him about this and it was all he could do not to bust out laughing in my face. The Savannah project was $400mm+ he said this would be a billion dollar nightmare.
I’ve been several times and they did a helluva job. Cost comparison’s interesting tho, did he provide specifics other than inflationary costs?
Just a a quick Google search but Savannah’s development was 670,000 sq ft compared to Nola’s plant which stands at 160,000 sq ft.
Savannah also has a connecting 400+ room JW Marriott hotel which I highly doubt is included with the Nola project since they’re planning to build a flagship hotel (600+ room) that’ll connect to the convention center.
Savannah Development
This post was edited on 9/14/23 at 11:17 pm
Posted on 9/15/23 at 12:13 am to notiger1997
I went to Place St Charles food court last Friday and saw around 10 people. Welty’s is the best thing that happened there in awhile. 5 years ago that place rocked on Fridays.
Posted on 9/15/23 at 12:31 am to waiting4saturday
Only 3,500 jobs in Houston. Louisiana doing LA things to push out business.
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