Domain: tiger-web1.srvr.media3.us New Orleans riverfront entertainment district developer was just picked. | Page 5 | O-T Lounge
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re: New Orleans riverfront entertainment district developer was just picked.

Posted on 3/24/21 at 2:04 pm to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
40491 posts
Posted on 3/24/21 at 2:04 pm to
quote:

It’s all optics. A lot of funding is tied to making a portion of the condos affordable housing. Eventually the time runs out that you have to keep them “affordable” and everything is normal.



Whatever happened to American Can Apts? Before COVID took over, the owner there, as the 10 year requirement for "affordable" rates was ending, tried jacking up the rents for those held apartments to market rates, and the affordable housing people lost their minds.

Never heard how that was resolved.
Posted by Neilfish
Member since Jun 2006
3454 posts
Posted on 3/24/21 at 2:05 pm to
Just a new location for the criminals to commit more assaults, car jackings, robberies, etc.
Posted by Dandaman
Louisiana
Member since May 2017
805 posts
Posted on 3/24/21 at 2:09 pm to
Here was the other proposal:
---
The Woodward, Levanthal and Carpenter & Co. consortium are proposing Muse Landing, with more than 3 million square feet in 14 buildings, 3,000 residential units 800,000 square feet of office space, and various entertainment options.

Their group also includes Bill Gates’ investment firm Cascade, Gayle Benson, and ASM Global/AEG Entertainment.
The proposal also includes an 80,000 square foot music venue, a 12,000 square foot restaurant, and a grand public space called Water Square Park.
---

Amazing how NOLA is willing to ignore objectively better proposals. I would love to know what type of backroom deals were made for the other group to get the nod.

Posted by goofball
Member since Mar 2015
17345 posts
Posted on 3/24/21 at 2:10 pm to
quote:

The Woodward, Levanthal and Carpenter & Co. consortium are proposing Muse Landing, with more than 3 million square feet in 14 buildings, 3,000 residential units 800,000 square feet of office space, and various entertainment options.

Their group also includes Bill Gates’ investment firm Cascade, Gayle Benson, and ASM Global/AEG Entertainment.
The proposal also includes an 80,000 square foot music venue, a 12,000 square foot restaurant, and a grand public space called Water Square Park.


The other proposal had credible names attached. Curious as to why they were overlooked.
Posted by LSU316
Rice and Easy Baby!!!
Member since Nov 2007
30252 posts
Posted on 3/24/21 at 2:12 pm to
quote:

A key element of the River District neighborhood is housing aimed at those making average or below-average incomes.


So let me get this right...they are going to try to bring back major conference players to NOLA by putting housing projects next door to the convention center.....

never change New Orleans.
Posted by MardiGrasCajun
Dirty Coast, MS
Member since Sep 2005
5996 posts
Posted on 3/24/21 at 2:15 pm to
quote:

Can you even operate a personal motorized watercraft on the Miss River?


Absolutely, yes you can.
Posted by Chad504boy
4 posts
Member since Feb 2005
177094 posts
Posted on 3/24/21 at 2:15 pm to
I can't find the baseball stadium....
Posted by ronnie mo
Member since Sep 2020
69 posts
Posted on 3/24/21 at 2:17 pm to
I don't necessarily think "affordable housing" is a major issue. The level of affordability will determine whether the lower end residents are Joe Schmoe with a regular job or scumbags who will ruin the area quickly.

New Orleans and even the wider Gulf South doesn't have the corporate base to have 40 acre projects solely dedicated to luxury living. Whilst this will have a luxury component theres no way it could be successful only marketing to such a small segment of the population here. The developers talked about bringing in tenants such as Target and targeting tech companies to fill the office space. This isn't hood type amenities like Churchs Chicken, Bail Bonds and Dollar General. Its a mixed use development with class a office space, modern apartments, retail, hospitality/events type businesses. If they are smart enough they'll price it just high enough to keep the riff raff out but also make it attractive to people who earn an average salary.
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 3/24/21 at 2:17 pm to


Wypipo?
Posted by GumboPot
Member since Mar 2009
139742 posts
Posted on 3/24/21 at 2:19 pm to


The Mighty Muddy Mississippi looking beautiful.
Posted by shawnlsu
Member since Nov 2011
23682 posts
Posted on 3/24/21 at 2:21 pm to
It'll never be ready in time, to get the bodies out.
Like everything else in NOLA, it will cost 10xs what it should and will ultimately be a housing project.
Posted by Fun Bunch
New Orleans
Member since May 2008
128681 posts
Posted on 3/24/21 at 2:23 pm to
quote:

The other proposal had credible names attached. Curious as to why they were overlooked.


Because the other one promise the magic words in NOLA: Low income housing.
Posted by LSUfanNkaty
LC, Louisiana
Member since Jan 2015
11948 posts
Posted on 3/24/21 at 2:25 pm to
quote:

A key element of the River District neighborhood is housing aimed at those making average or below-average incomes


What the frick even is the point?
Posted by GeorgeReymond
Buckhead
Member since Jan 2013
10385 posts
Posted on 3/24/21 at 2:25 pm to
quote:

They've also purchase the Market Street Power Plant land from Joe Jaeger for 16m and they're also talking to the Port of New Orleans and Tulane to buy more land in the area.

The city definitely needs more of these live, work, play modern developments and less tourist bullshite.

It might well be the biggest real estate project in New Orleans/Louisiana history and it'll be up there as far as large projects in the nation. The only part thats publicly funded is infrastructure in the area, i.e roads, sidewalks, streetlights, drainage, much of which already exists. These land parcels are more or less shovel ready.

As much as I hate much of the direction of New Orleans lately especially under Latoya Cantrell, this is an exciting project for the city. You need to keep up with the Joneses. We are losing businesses, residents, conventions to other cities who are well ahead of us on these types of projects. If this goes to plan Latoya will piggy back it, but this has nothing to do with her. Its all private sector seeing a 40 acre empty space of land in a major city.

The city needs a more diverse economy, it can't rely on tourism and the Oil industry in New Orleans is on its last legs. I can't see a fortune 500 coming here but a development like this is more than capable of attracting additional tech jobs and residents into the area.

This is exactly what New Orleans needs.

100% agree
This post was edited on 3/24/21 at 3:12 pm
Posted by ronnie mo
Member since Sep 2020
69 posts
Posted on 3/24/21 at 2:26 pm to
I was not impressed with the opposition proposal.

They were very vague about the phases in which the project would be delivered. It was to be delivered in EIGHT phases so its quite likely parts would never be built or shovels would still be the ground 20 years from now. They only referred to the first two phases in their presentation. Another issue is they planned to do some stuff on the riverfront with green space but had no idea how this would affect the levees or how they would work around it.

Their centre piece was an amphitheater, basically an indoor champions square, something that first and foremost is going to draw tourists, as opposed to being something important to residents living in the area. The River District promises a bigger array of residential to encompass a larger demographic of incomes, it had a bigger focus on office space and retail/hospitality and they also have bought land beyond what is proposed (Power Plant). Plus they also plan for a music venue anyway, albeit smaller capacity. To me it also made sense that the River District is building the residential component first so when the additional businesses arrive they have a core of local residents within walking distance to draw from.

Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
29391 posts
Posted on 3/24/21 at 2:27 pm to
quote:

they'll be completely trashed by then.


No what we do is I'll put some hard arse by the book property manager into the building and they will evict any problem tenant at the drop of a hat. American Can did the same thing (saw someone mention AC) when it was taken over by the developer out of Atlanta.

HRI has been doing this same thing at their old housing project between Tchop and Magazine. In fact they had a property manager who was so rough on the tenants that the media had to intervene because that property manager was evicting low income tenants for not picking up the trash on the curb that the garbage men missed.
Posted by Chad504boy
4 posts
Member since Feb 2005
177094 posts
Posted on 3/24/21 at 2:27 pm to
The proposal


The Finished Product
Posted by Geauxld Finger
Baton Rouge
Member since Jan 2005
32532 posts
Posted on 3/24/21 at 2:28 pm to
quote:

Yeah no way in hell it ends up looking like this


Add some potholes, overgrown and unmaintained landscaping, and maybe a few street performers, transients and whackos and it could be a reality
Posted by lsupride87
Member since Dec 2007
110022 posts
Posted on 3/24/21 at 2:30 pm to
I love the stupid white frick playing the saxophone here

"looky looky at our zany culture of people playing music in the streets". Reminds me to the opening of princess and the frog

Posted by Geauxld Finger
Baton Rouge
Member since Jan 2005
32532 posts
Posted on 3/24/21 at 2:30 pm to
quote:

They're actually thinking about putting boat slips in?

I have to see this!!


I few speed boats chopping up waves in the middle of industrial river traffic, and right down the street from some of the busiest wharfs in the country!
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