Real Estate is ON THE RISE in New Orleans…….literally!!! Since the devastation left New Orleans post Hurricane Katrina with large neighborhoods uninhabitable, real estate developers have been brainstorming the rebuilding task ahead. Federal monies are pouring into the city and housing is in short supply. Real Estate Developers are increasingly proposing high-rise residential property developments throughout New Orleans, Destrehan, Kenner, LaPlace, and Metairie in Louisiana and the surrounding areas.

Vertical development allows an efficient footprint, and allows larger numbers of housing units to become available more quickly. City planning officials and politicians alike are warming up to vertical development as an alternative to single family site building. Density is becoming more acceptable to local officials while new urbanism planners lay out different solutions for New Orleans unique housing needs.

Currently, there are 2200 new condominium and apartment units planned in 9 proposed real estate projects. Housing experts are projecting that high rise vertical complexes will be the wave of the future in New Orleans development. Current multi story units account for approximately 2100 units, with future developments projected to bring that number to 4300 by the year 2009.

The conversion of existing commercial buildings into residential housing developments represents a number of the proposed projects.

The large upsurge of real estate projects currently proposed will help to change the face of New Orleans, Destrehan, Kenner, LaPlace, and Metairie in Louisiana introducing new urban living concepts. Historically New Orleans has lagged behind major metropolitan cities in the nation regarding vertical living alternatives. New mid-rise & high rise complexes will give the city an opportunity to explore urban living alternatives and retail sites which are needed to accompany residential neighborhoods. This trend can create a very positive urban lifestyle that is successful in cities such as Atlanta, Dallas and Miami.

Proposed Developments