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Hyatt Regency New Orleans to Reopen after $275M Rebuild

Hyatt Regency New Orleans to Reopen after $275M Rebuild

By Amalia Otet, Associate Editor One of the city’s landmark hotels, Hyatt Regency New Orleans, will re-open its doors Oct. 19 as the anchor of the vibrant Sports and Entertainment District. Opened in 1976, a year after the Superdome, the hotel was [...]…

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One Shell Square Sold to Massachusetts REIT for $102M

One Shell Square Sold to Massachusetts REIT for $102M

By Amalia Otet, Associate Editor Newton, Mass.-based CommonWealth has turned its attention to New Orleans, making its first acquisition in the area. The real estate investment trust, which primarily focuses on office and industrial properties in major metropolitan markets, purchased One Shell [...]…

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Healthcare Leads Way to Economic Recovery in New Orleans

Healthcare Leads Way to Economic Recovery in New Orleans

By Amalia Otet, Associate Editor New Orleans is slowly advancing toward becoming a medical hub, with the official opening of the state-funded, $47 million BioInnovation Center. The new state-of-the-art building is located between the Greater New Orleans Biosciences Economic Development District and [...]…

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Chateau Bourbon to Become Hyatt French Quarter Hotel

Chateau Bourbon to Become Hyatt French Quarter Hotel

By Amalia Otet, Associate Editor The Chateau Bourbon Hotel of New Orleans is about to get a major makeover. Carey Watermark Investors Inc., a real estate investment trust mainly focused on acquiring properties in the lodging and lodging-related sectors, recently closed on [...]…

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HUD Awards $30.5M Grant for Public Housing Redevelopment

HUD Awards $30.5M Grant for Public Housing Redevelopment

By Amalia Otet, Associate Editor State and local government efforts to rebuild the city’s economy seem to finally be paying off: New Orleans is included in an index that highlights the areas that have recorded steady improvement over the past six [...]…

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Audborn Building Restored to Accomodate Saint Hotel

Audborn Building Restored to Accomodate Saint Hotel

By Amalia Otet, Associate Editor New Orleans’ hospitality industry was in dire need of revitalization following the economic downturn and Hurricane Katrina. Several projects meant to bring the city back to its former glory have been launched in the past few [...]…

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Chalmette Revitalization Includes New Shopping Destination

Chalmette Revitalization Includes New Shopping Destination

By Amalia Otet, Associate Editor With a rich heritage and eventful history, Chalmette is now pursuing a slow but sure path to economic recovery, as people and businesses return to the blighted neighborhood. That includes a new shopping destination, which will be [...]…

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Makeover Planned for Downtown New Orleans

Makeover Planned for Downtown New Orleans

By Amalia Otet, Associate Editor Hotel Le Cirque, one of the pieces that literally adds color to the historical district of New Orleans, is about to get a facelift. The lodging facility famous for its multicolored light show enchanting visitors every night [...]…

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Condos Founder, Class A Office Flourishes as Downtown Struggles to Recover

Condos Founder, Class A Office Flourishes as Downtown Struggles to Recover

By Amalia Otet, Associate Editor Plans for development of the Trump Tower, announced the day before Hurricane Katrina hit New Orleans, have been officially halted, as the site of the 70-story, $400 million skyscraper that was to have been the tallest [...]…

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Gentilly Woods Shopping Center, Plaza Tower Await Rehabilitation

Gentilly Woods Shopping Center, Plaza Tower Await Rehabilitation

Six years after being swamped by Hurricane Katrina, the Gentilly Woods Shopping Center has found a new owner. Walmart finally won the bid to remodel the long-vacant center after initially facing some opposition from Gentilly residents, who would have preferred [...]…

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Hotel New Orleans to Become Hyatt Place; VA Hospital Moves Forward

Hotel New Orleans to Become Hyatt Place; VA Hospital Moves Forward

By Amalia Otet, Associate Editor The hospitality industry has always been one of the strong points of New Orleans, given its attraction as a tourist destination – from the impressive French-Creole architecture and rich culture to the lively Bourbon Street and [...]…

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State Plays Major Role in Superdome Renovation, Coastal Restoration Projects

State Plays Major Role in Superdome Renovation, Coastal Restoration Projects

By Amalia Otet, Associate Editor New Orleans Superdome renovations have reached the finish line after six bustling years and various upgrade stages that resulted in an extraordinary achievement for the state of Louisiana. The last phase of the massive transformation was [...]…

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