The abundance of development throughout New Orleans, especially a new residential concentration downtown, is calling attention to the availability of parking. Although new parking structures are in the works, urban planning experts say they shouldn’t be the automatic option for developers.
Developments like the South Market District project, 425 Notre Dame, The Hibernia Building, 225 Baronne, and others are adding stress to the parking market and driving up prices.
And it looks like multifamily demand in the city’s center will just continue to increase.
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