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Posted on 7/2/18 at 1:12 pm to LSUneaux
I wonder if someone's ever going to do something with the abandoned skyscraper nextdoor.
Posted on 7/2/18 at 1:14 pm to TheIrishFro
quote:
This is good to see happening. The city needs to focus on raising the city density especially downtown.
They need high quality jobs to fill those apartments though, lots and lots of high end multi-family product has been delivered in the past 5 - 10 years. Rents have dropped to a degree recently in a lot of the upscale buildings to help them maintain occupancy.
Which is a good thing because they were too high, but there is always risk of over development. I'll be curious to see how the South Market's new projects perform relative to their prior buildings and if we keep seeing new developments move forward at the same pace as in recent years.
Posted on 7/2/18 at 1:14 pm to Tiger in Gatorland
quote:Does that mean that they will have to do a certain number of section 8?
$69.5 million from The U.S. Department of Housing and Urban Development
Posted on 7/2/18 at 1:14 pm to TheIrishFro
quote:
This is good to see happening. The city needs to focus on raising the city density especially downtown.
It is encouraging, but it's not without its downside. The housing bubble in parts of New Orleans (looking at you, Lakeview) will continue to inflate. How much longer til that bubble bursts considering the the city is not growing? An increase in top-dollar supply while a lot of those top-dollar earners choose downtown living (like the Odeon) or the Northshore does not bode well for property values in a lot of the city's neighborhoods not named Uptown/Garden District.
Posted on 7/2/18 at 1:15 pm to tgrbaitn08
quote:
Mixed income housing
Yup. It'll probably be a nice place to live for oh...five years or so?
Then like the other poster said, a 29 story Section 8 housing building.
Posted on 7/2/18 at 1:15 pm to kingbob
quote:
I wonder if someone's ever going to do something with the abandoned skyscraper nextdoor.
if its the one I'm thinking about its locked up in a trust that is more fricked up and than my ex wifes checkbook. There are two really prime downtown properties like that.
Posted on 7/2/18 at 1:16 pm to rowbear1922
quote:
They also have 4-5 times steadier ground to build on.
Wrong. Chicago is actually well known for having swampy soil downtown.
Posted on 7/2/18 at 1:19 pm to Lakeboy7
quote:
if its the one I'm thinking about its locked up in a trust that is more fricked up and than my ex wifes checkbook. There are two really prime downtown properties like that.
Is it the Plaza Tower?
Posted on 7/2/18 at 1:19 pm to Scruffy
quote:
Does that mean that they will have to do a certain number of section 8?
They will contractually "set aside" a floor for low income housing, write it so no one can figure out how to qualify and then after a period of time the 'set aside" reverts back to full retail with no restrictions, fricking lawyers.
Posted on 7/2/18 at 1:22 pm to Centinel
Where did you read mixed income housing in the article?
Posted on 7/2/18 at 1:22 pm to Lakeboy7
quote:That sounds like a good setup.
They will contractually "set aside" a floor for low income housing, write it so no one can figure out how to qualify and then after a period of time the 'set aside" reverts back to full retail with no restrictions
This post was edited on 7/2/18 at 1:22 pm
Posted on 7/2/18 at 1:22 pm to absolute692
quote:
Chicago is actually well known for having swampy soil downtown.
An example would be the clay/brick mfg down at Blue Island. That clay, when it gets wet is slick as p*g s***. But it still has its depositional structure.
New Orleans clay is a whole different clay and the way that buildings shift if they aren't on pilings tells the story.
So far, at least, New Orleans hasn't moved its public transit to an Underground series of Tunnels. Yet.
Posted on 7/2/18 at 1:22 pm to kingbob
quote:Joe Jaeger owns it now. I would guess he is going to let this development finish, and do something with it in 2021 when it is worth more
I wonder if someone's ever going to do something with the abandoned skyscraper nextdoor.
Posted on 7/2/18 at 1:24 pm to kingbob
quote:
Is it the Plaza Tower?
Pretty sure Plaza Tower has big time asbestos and mold issues, its been empty at least 10 years.
Posted on 7/2/18 at 1:24 pm to bee Rye
quote:
Joe Jaeger
How does everyone feel about this guy?
Posted on 7/2/18 at 1:25 pm to Lakeboy7
quote:
There are two really prime downtown properties like that.
Whats the other?
Posted on 7/2/18 at 1:25 pm to ellishughtiger
I am a fan
Posted on 7/2/18 at 1:25 pm to LSUneaux
quote:
Construction on The Odeon at South Market, a new, $106 million mixed use project with 271 apartments planned, has begun, according to The Domain Companies, which is developing the property.
The 414,000 square foot building, expected to open in 2020, will include 200 parking spaces and 12,000 square feet of retail space and will go up on the existing surface parking lot on Loyola Avenue between Julia and Girod streets.
so what, 71 apartments won’t even get a single parking spot? Posted on 7/2/18 at 1:26 pm to bee Rye
I honestly don’t know much about him besides being the father of hospitality in the city. I know he was a proponent of not extending the lease to Harrahs
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