River District Neighborhood Investors (RDNI) and the Ernest N. Morial New Orleans Convention Center have finalized a revised agreement effective January 29, 2026. This development ensures RDNI’s lease, introduces purchase options on additional parcels, and includes a $6.5 million loan from the Convention Center to RDNI, marking significant progress for the River District master plan.
Key elements of the agreement involve RDNI retaining its lease for land where Shell’s new 142,000-square-foot regional headquarters is under construction. The agreement also designates additional Convention Center-owned parcels as purchase options for future developments, including the Rivana apartments site.
The Convention Center’s loan to RDNI will support the construction of the Rivana mixed-income apartments, planned to feature 220 units catering to a mix of market-rate, workforce, and affordable housing. The Rivana phase is expected to commence in 2026, alongside continued infrastructure improvements in the district.
The River District, a sizable 40-acre site adjacent to the Convention Center, represents a major redevelopment effort in downtown New Orleans. With over $30 million already invested in infrastructure like water, sewer, drainage, and resilient power, RDNI has completed more than 65% of necessary groundwork.
This deal, integrating public assets into private development, signals a complex interplay between public oversight and private sector innovation, shaping future land-use decisions. The project is set to redefine New Orleans’ office and housing markets, enhancing both local demand and supply.
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