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.

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.

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.