Construction of the new Class A office building marks a significant development in New Orleans.
New Orleans has commenced the construction of its first Class A office building in over 30 years, marking a significant milestone in the development of the River District. Located at 1600 Convention Center Boulevard, the new tower will serve as the headquarters for Shell and incorporate an innovative stormwater management system, promoting sustainability. Additionally, the project aims to provide affordable housing and public green spaces, contributing to the community’s growth and vibrant economy.
New Orleans is buzzing with excitement as the city has officially started the construction of its first Class A office building in over three decades! That’s right, the last time this kind of project broke ground was way back in 1989. Most recently, the ceremony took place for the new vertical tower at 1600 Convention Center Boulevard, which sits pretty at the intersection of Henderson and Euterpe streets. This initiative marks a major milestone in the ongoing development of the River District.
Bringing this ambitious vision to life are the partners Cypress Equities and Lauricella Land Company. They are joined by Broadmoor, LLC, who is stepping in as the general contractor for the new office building. This structure is expected to play a pivotal role as it will host the headquarters for Shell in the vibrant River District neighborhood, which is located adjacent to the bustling New Orleans Convention Center.
As construction begins, Louisiana Governor Jeff Landry expressed his enthusiasm over the fact that this new headquarters stands as a symbol of the state’s investment and growth potential. The River District is more than just an office space; it’s a mixed-use development project that aims to transform one of the city’s last vacant riverfront parcels into a lively hotspot brimming with commerce and culture.
In a major stride toward sustainability, the project will incorporate an innovative stormwater management system. This system is one of the first of its scale in Louisiana, and it introduces the first StormTrap installation in the state. Designed to tackle excess rainwater, this modular stormwater system will help manage flooding by temporarily storing stormwater runoff. This is a progressive step towards sustainable infrastructure that we can all be proud of!
The River District is also dedicated to providing affordable and workforce housing. As part of the first phase, there will be a total of 220 mixed-income housing units, with an impressive 170 units specifically marked as affordable and workforce housing. This commitment highlights the project’s aim to create a neighborhood that is accessible and welcoming to all.
Support for the housing initiative is robust, as the River District development has secured federal tax credits as well as grant money. It shows significant progress toward meeting the community’s diverse needs!
But that’s not all! The River District project will also include plans for a large park, plenty of green spaces, and other enhancements to the overall infrastructure. With an expected economic impact of generating $43 million in new annual tax revenues and over $1 billion in overall economic activity, the benefits of this development promise to be wide-reaching.
The project’s plans include public green spaces, entertainment venues, cultural centers, and dining options – all designed with the community in mind. This development won’t just create jobs; it aims to transform the local economy and serve as an invaluable asset for the neighborhood.
With an emphasis on prioritizing sustainability and incorporating multimodal transit designs, the River District is shaping up to be a forward-thinking neighborhood. The groundbreaking marks just the beginning of extensive infrastructure improvements that will be taking place throughout the sprawling 39-acre project site.
In conclusion, this is an exciting time for New Orleans! The new Class A office building and River District development are sure to bring a fresh vibe to an already vibrant city. As construction progresses, everyone is eagerly anticipating the transformation that will soon grace the landscape!
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