Nine acres of land adjacent to Lafitte Greenway in Bayou St. John area of Mid-City has been sold to entrepreneur and investor Sidney Torres, owner of IV Capital. The property will be developed into a high-end, mixed-use residential and commercial community.
Torres and partners did not disclose a purchase price. He is joined by restaurateur Hicham Khodr, owner of Camellia Grill and others, and entrepreneur and developer Joe Jaeger.
Torres is hoping for “a community with apartments and houses, kayaks and paddleboards along the bayou, fire pits on the bank, children’s playgrounds as well as bike paths, a gymnasium, café and boutique hotel.”
“We have already been contacted by an experienced builder about developing two 80,000-square-foot parcels into apartments and we encourage people to bring their best ideas to the table,” Torres said in the release. “This is an entirely new approach to development. If you have a great idea, Bayou St. John is the opportunity you’ve been waiting for.”