Ted Kelso of Pelican Royal LLC, the developer of the $16 million Bywater hostel Stateside, announced today to Canal Street Beat that he closed on the purchase of the land this week.
Kelso closed on the purchase of 4019 Chartres St. for $2.47 million on Tuesday (Sept. 5), according to a news release from the developer.
Kelso proposes a $16 million, 185-bed hostel and hotel called Stateside. The 32,000-square-foot project will include with a mix of private and shared rooms, a laundry, courtyard, pool, restaurant, bar and coffee shop.
“Purchasing this property is the next big step forward for Stateside. As we move towards our opening in early 2018, we continue to work with our neighborhood to make Stateside a welcome addition to Bywater. We look forward to providing amenities for our neighbors, jobs for our community, and a new option for our growing tourism sector in one of our most popular, yet underserved, neighborhoods,” Kelso said in a statement.
The New Orleans City Council approved the project in a 6-1 decision on May 19 and the Historic Districts and Landmarks Commission unanimously approved preliminary designs on June 16.
Despite the approvals, a group of Bywater residents known as Neighbors First for Bywater has filed suit to prevent the project from moving forward. The group’s position is that the City Council violated zoning law. Neighbors First for Bywater has been gaining a reputation throughout the community as the anti-development group, and it has faced off against numerous bywater developments.
The more established community group, Bywater Neighborhood Association, supports the Stateside development.