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Old 01-20-2011, 08:46 PM
 
Location: New Orleans, United States
4,230 posts, read 9,969,200 times
Reputation: 1439

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Was browsing through the website for the new South Market development and was wondering if anybody here had any ideas, opinions, or input toward the project. South Market District, New Orleans, LA
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Old 01-21-2011, 09:13 AM
 
Location: Denver
15,808 posts, read 23,817,816 times
Reputation: 11788
Great for New Orleans. The city will soon be the best in the region.
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Old 01-27-2011, 11:21 AM
 
145 posts, read 606,591 times
Reputation: 139
I work in the CBD, adjacent to where the development will be. It will be great to get some retail and grocery in the area. There isn't much to do around here during the lunch hour. It's a missed opportunity considering all of the workers in the area. I do have some concerns about the new streetcar line that's supposed to go down Loyola. Also, the amount of public funds and tax credits being used makes me skeptical. As long as the taxpayer doesn't get let holding the bag on a corporate boondoggle, it's a good thing. My experience tells me, however, that it may not be the case. There already seem to be too many vacant condos in the CBD. I don't know if the market can absorb another.
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Old 02-03-2011, 11:04 PM
 
Location: Alexandria, VA - Kingstowne Subdivision
404 posts, read 567,379 times
Reputation: 405
I think the South Market project will be a huge success. (As long as LSU builds the hospital within the next 10 years). The city can't go wrong with the streetcar project. Public transportation breaths development (especially streetcars). I don't think you can compare the vacancy rates of condos to the vacancy rates of apartments. Last I heard, 930 Poydras was in the 90% for occupancy. I think you start to see an influx of individuals moving from the surrounding parishes once we fix our lack of retail developments inside the city. I'm bullish on the downtown economy.
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Old 02-04-2011, 10:39 AM
 
41 posts, read 118,435 times
Reputation: 16
I heard university hospital is building a new complex in mid-city beginning in August 2011. Don't know if it is related.
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Old 02-04-2011, 11:46 AM
 
Location: Denver
15,808 posts, read 23,817,816 times
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They have already cleared the land there I know. Construction will start soon but I'm not sure when.
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Old 02-04-2011, 01:15 PM
 
Location: New Orleans, United States
4,230 posts, read 9,969,200 times
Reputation: 1439
Quote:
Originally Posted by annie_himself View Post
They have already cleared the land there I know. Construction will start soon but I'm not sure when.
Work on the VA Hospital should get moving soon. The LSU Hospital is and has been a ? for a while. Everything LSU does seems to be the exact opposite of what VA is doing and constantly being held back. They don't even have the money for the hospital yet and now the RLS database problem that haulted all real estate transactions in the city for months has held it back as well.
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