On Tuesday (July 12), general contractor Palmisano Group secured an initial approval from the New Orleans Industrial Development Board property tax break for a newly planned $10 million slick new office space on Tchoupitoulas Street, according to nola.com.
The new building was designed by Eskew+Dumez-Ripple architects and would be built on the now-vacant land at 1730 Tchoupitoulas St. Palmisano filed plans for the building with the city in June (check them out here).
The Palmisano Group told attendees at the IDB meeting that it employs 75 people and will do $100 million in business this year. Palmisano claimed that without the break they would move their headquarters to Jefferson Parish because its cheaper. Apparently seven of his ten competitors are in Jefferson Parish, with only Landis and Woodward headquartered in New Orleans.
The building looks like a beautiful design, which would include a gym or other retail on the ground floor, a second story terrace, and two floors of office space for the company.
The IDB voted 6-0 to give the company a payment in lieu of taxes (PILOT), although there was no quorum so the board has to vote again at the next meeting to make it official. The PILOT would save the company roughly $85,000 per year.
The site sits directly adjacent to the planned $2 billion ‘Trade District”, and close the convention center.
Eskew+Dumez+Ripple is the lead architect, Morphy Makofsky, Inc., YKM Consulting, LLC, and Schrenck, Endom & Flanagan, LLC are the engineers. Landscape design by Daly Subletee.
Renderings of 1730 Tchoupitoulas by Eskew+Dumez+Ripple via City of New Orleans.
about the author: CSB Staff
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What a hideous, soulless building. Someone tell the architects that the International Style died 40 years ago.
[…] the beautifully designed building will be home to more than 100 employees. Palmisano was able to secure a PILOT from the IDB last year for the project. In addition to the office space, the building will feature an employee lounge […]
[…] total project cost was $9 million. Palmisano had originally sought a Payment in Lieu of Taxes from the Industrial Development Board, but decided to proceed without […]