Developer Angelo Farrell has been trying to redevelop a building in the 100 block of Royal built in 1892 into a 26 story hotel for almost 10 years. After scratching plans for the development in 2007, Farrell has now revived the hotel plans.
According to nola.com, Farrell and a architect Hank Smith unveiled the project to French Quarter residents yesterday. Many of the attendees were extremely skeptical of the development, especially considering that Farrell would be requesting a waiver to build a 268 foot building, well above the 85 foot height limit currently allowed.
For much of the last 7 years, the building had been on the market for between $4 and $5 million. It was most recently listed with Bobby Talbot for $4.5 Million.
The property consists of a 17,478 SF, 5-story, former historic hotel building fronting Royal Street, a courtyard and a 1, 271 SF, 2-story boiler buiding located on the rear property line. This property is located on Royal Street between Canal and Iberville Streets.
Rending of the Royal Cosmopolitan Hotel from Farrell’s press release in 2007
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