Search
 

$300M Redevelopment Set for Treme Neighborhood

NEW ORLEANS-City council clears the way for a JV to demolish the vacant 894-unit Lafitte complex and rebuild or rehab about 1,500 replacement units.

By John McCloud | Updated on December 26, 2007

(Read more on the multifamily market.)

NEW ORLEANS-New Orleans City Council has approved a $300-million redevelopment of the historic Treme neighborhood. The door is now open for the demolition of the 894-unit Lafitte public housing project and replacing it with 1,500 apartments and single-family homes.

Providence Community Housing, a local nonprofit developer founded by a coalition of faith-based groups in the aftermath of Hurricane Katrina, and Enterprise Community Partners, a private company from Columbia, MD that provides capital and resources for community development, are heading up the redevelopment. Construction is expected to begin in the spring.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.