The Jung Hotel, which has languished at the riverside corner of Canal and LaSalle streets after suffering serious damage during the flooding that followed Hurricane Katrina, could be slated for a full renovation this year.
Developer and hotelier Joseph Jaeger bought the building in October 2007, has announced construction on the $130 million project will start soon, with aims to complete it by fall 2016.
The architecture firm of John C. Williams applied for the latest round of renovation permits on March 9, City Hall records show. The project is a joint venture by Williams and Trahan Architects. The McDonnel Group has signed on as the general contractor.
The Jung Hotel has gone through various expansions and changes since first opening its doors in 1907. Its revival is part of a broader initiative, led mostly by private developers, to rebuild the so-called "upper Canal Street" area where the Iberville public housing complex once stood.
The plans for the hotel call for 175 apartments, 145 hotel suites and 50,000 square feet of retail, according to the announcement. There are also plans to build a 484-space parking garage.