New York Firm Selected To Lead Charity Hospital Redevelopment

by • October 3, 2018 • Central Business District, Development, Public DevelopmentComments (0)13689

Photo via the Downtown Development District

The LSU Foundation has selected 1532 Tulane Partners, a joint venture between New York-based El Ad U.S. Holdings and New Orleans-based CCNO Development Inc., to lead the redevelopment of Charity Hospital.  The total project cost is expected to be $564 million.

Their plan calls for a mix of market rate apartment, affordable apartments, retail, and office space, and include Tulane University as an anchor tenant. 

The team that lost out was a joint venture between New Orleans-based HRI Properties and Iris Development, who had a similar mix of uses but who had also proposed a massive $110 million development that would span four city blocks and include 382,000 square feet of space.

You can check out the full winning proposal online here.

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