Rendering of 2720 St. Louis by Albert Architecture.
The New Orleans Redevelopment Fund (“NORF”) will break ground today on the construction of the former Times Picayune Warehouse located at 2720 St Louis Street.
The $4 million project will renovate the 20,000 square foot warehouse in to a new office space on the Lafitte Greenway.
The New Orleans Redevelopment Fund, Albert Architecture, and Hernandez Consulting & Construction are three companies that have already committed to relocate their headquarters to the building once complete and will account for 6,000 square feet of office space. The remainder of the building is currently being marketed for lease and is receiving interest from various companies seeking office space, medical practitioners, and food service operators.
“Our goal is that end-users of this building will be engaged with the Greenway daily. That both the building and the Greenway are assets onto each other and that this development is a catalyst for future development on this stretch of the path,” said NORF Development Director Cullan Maumus.
The developers are also proposing to build a pedestrian bridge over the canal currently separating the street from the Lafitte Greenway so that tenants can have direct access to the park.
Financing for the development includes state and federal Historic Redevelopment Tax Credits, and private investor capital. Real estate developer Damon Kirin is also an investor in the deal.
Albert Architecture is the architect. Construction on the building is expected to be completed in early 2018.