Vivid Ink Buys 30,000-SF Warehouse; Upper Pontalba Building Renovation Approved
By Eliza Theiss, Associate Editor
Vivid Ink Graphics, a Louisiana graphic design and printing company, has purchased a 30,000-square-foot warehouse in New Orleans and will be expanding its operations, reported the Greater Baton Rouge Business Report. Vivid Ink reportedly paid $1.3 million for the downtown New Orleans facility, located in the Superdome area.
Founded in 1999, the company specializes in large-format digital printing. Its current client roster includes IberiaBank, Raising Cane’s, the Nokia Sugar Bowl and Super Bowl XLVII. Vivid Ink employs 28 in Baton Rouge and 18 in New Orleans.
In other news, The Times-Picayune reports that the New Orleans City Council approved repairs funding for the Upper Pontalba Building on St. Peter Street. The city council will sell as much as $6 million in bonds to cover repairs and renovation work on the historic building.
The property, a mixed-use city-owned asset, has not been renovated in almost 20 years. The last renovation and upgrade project, started in 1993 and completed in 1995, included upgrades to the kitchens and bathrooms: Outdated gas lines and plumbing were replaced with up-to-code alternatives, sprinklers and smoke detectors added, and new kitchen appliances and central air conditioning installed. Furthermore, the attic was converted into rentable living space, creating nine new units. The project had a price tag of $8.1 million. The newly approved project will be less of a transformation but will include exterior work and window and roofing repairs.
The 1851-built property features street-level retail and restaurant space, with apartments on the upper floors. The Upper Pontalba Building comprises 16 adjoining four-story townhouses. Most units are rented to companies and non-locals and are usually occupied during weekends and events.
Photo courtesy of Upper Pontalba Building’s Facebook profile.Tags: leasing, Maintenance, mixed-use, Policy, retail