The Domain Companies has secured financing for and commenced construction of The South Market District, a mixed-use transit-oriented development in Downtown New Orleans. The Paramount at South Market is the District’s first building to commence and will feature 209 first-class apartments and 22,000sf of retail space. South Market District will combine luxury apartments with retail, restaurants and entertainment venues in the heart of New Orleans’ historic downtown core.
“We are tremendously excited to support such a catalytic project for Downtown New Orleans”, says Rodrick Miller, President and CEO of the New Orleans Business Alliance (NOLABA). “South Market District is a true representation of the sort of retail and real estate investments we need in order to continue to prosper as a city. NOLABA is proud to have worked with the Downtown Development District, the Industrial Development Board and others to help bring this project to fruition.”
The Cotton Exchange Hotel has been purchased by a Dallas-based company out of foreclosure. NewcrestImage, which owns and operates twelve franchise brand hotels in Texas, bought the 223-room property in a sealed bid process for $17.8 million on June 6. Mehul Patel, NewcrestImage CEO and chairman, said his company is in talks with Marriott, Hyatt, Hilton and IHG — parent company to Holiday Inn — for a re-branding of the Cotton Exchange in conjunction with a $10 million renovation. NOLABA provided key information to NewcrestImage to assist in their due diligence process and ultimate decision to enter the New Orleans market.[Continue Reading...]
NOLABA and the City of New Orleans are proud to announce the launch of ProsperityNOLA: A Plan to Drive Economic Growth for 2018. ProsperityNOLA is a living, actionable plan that provides a roadmap to a diverse, sustainable and prosperous economy for all citizens. ProsperityNOLA envisions New Orleans as a city where businesses are eager to invest and grow, but it doesn’t just paint a picture; the plan provides action steps for realizing this vision. Rodrick T. Miller, President and CEO of the New Orleans Business Alliance shared the recommendations and action steps in ProsperityNOLA that will truly move the New Orleans economy forward. Mayor Mitchell J. Landrieu delivered the keynote speech focusing on the need for the community unite in the implementation of ProsperityNOLA and engage in the continuing effort to build an equitable and sustainable economic future in New Orleans.
We are pleased to announce that the ProsperityNOLA luncheon event this afternoon was a great success. Thank you to all who attended for your critical support in this effort to grow New Orleans economy for 2018.
The Full Version of the ProsperityNOLA document, as well as the Executive Summary document are now available online. Additionally, video footage from today’s event will be available here on our website by the end of the week.
Rodrick Miller, President & CEO discusses ProsperityNOLA, launching Monday, June 10th on WWL’s The 504 and Fox 8 News.[Continue Reading...]
A new program that takes musicians through a series of courses to equip them with skills to professionally manage and develop their own music careers will launch on Wednesday, June 5, 2013. The program, called “Getting the Gig,” is presented by Sweet Home New Orleans, a local non-profit group that works to empower musicians economically, and the Mayor’s Office of Cultural Economy. It will be facilitated by Donna Santiago, an attorney and music industry professional in New Orleans.[Continue Reading...]