NOLA Media Group | Times-Picayune has announced plans to move its New Orleans headquarters out of the Class A high rise at One Canal Place and into an historic warehouse district building at 864 S. Peters Street.
According to Nola.com, more than 100 employees will be based out of the 117 year old building. The 8,200 square foot space will house their content and sales staff, downtown newsroom, and executive offices, and give them a desired street presence.
The historic two-story building was built in 1900. It is currently being marketed for sale for $10,750,000, or $270 per square foot. The entire building is over 39,000 square feet and is being marketed by Mike Siegel and Hayden Wren of Corporate Realty.
The building was restored in 2016 and intended to be the headquarters for International Shipholding Corp., but the project was suspended when the company declared bankruptcy in August 2016.
Lucid, the high-growth tech and data startup that recently raised $60 million earlier this year, is moving into NOLA Media Group’s space at One Canal Street.