New Development Spurring CBD Renaissance [Video]

by • February 25, 2015 • Central Business District, DevelopmentComments (0)4089

Photo via nps.gov

Photo via nps.gov

The long vacant Oil & Gas building sold in December for $7 million.  The developer plans a new hotel.

The abandoned Rault Center building at 1111 Gravier St. recently sold for $5.5 million and the developer plans a new 185-key boutique hotel.

 The NOPSI building sold for $11.6 million, also slated for a hotel.

In an interview with WWL-TV,  New Orleans City Council member LaToya Cantrell talks about development, momentum, growth, and opportunities in the CBD.  Downtown Development District Director Kurt Weigle also weighs in.

Watch the full video here:

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