$85 Million Canal Crossing Development ‘Takes Upscale Turn’

by • November 27, 2017 • Central Business DistrictComments (0)6255

A joint venture between Provident Realty Advisors of Dallas and The Kroenke Group of Columbia, Missouri is well underway on the $85 million high-end mixed-use development on Canal Street called “Canal Crossing.”

Over the weekend, The Advocate reported that rents will run $3,000 for a one bedroom.

Project plans include the construction of a 400,000 square foot, nine-story building with ground floor commercial, a 10,000 square foot courtyard and the upper floors residential, and a ten-story, 187,000 square foot parking garage with 500 parking spaces.  The garage ground floor also features a pet park.

There is a ton of other activity in the area, including the $130 million Jung Hotel redevelopment, the renovation of the former UNO Technology Tower into two Marriott Hotels, and the renovation of the blighted building at 1630 Canal Street in to another hotel.

The architects on the project are Mathes Brierre Architects and Wallace Garcia Wilson Architects.

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