The Tracage developers are finally moving forward with the development of the 182-foot tall luxury apartment building and expect to break ground in early 2014.
The location of the Traçage in the warehouse district, where Annunciation Street meets the Pontchartrain Expressway, will include 140 luxury rate apartments, 6,000 square feet of retail space on the ground floor and155 parking spots.
Traçage was originally proposed and approved in 2005 with no height limit. The original groundbreaking was set for 2007, with Spectrum Capital as the financier. Neighbors were pissed at the size of the building and sued to prevent it. The case went all the way to the Louisiana Supreme Court where the developers eventually won, but it delayed the project almost 8 years. New Orleans-based developer TJ Iarocci is developing the project.