December 27 2018 | Latest News
Year in Review: Four Seasons Hotel tops construction & development news
The construction and redevelopment of various properties in the New Orleans area continued to dominate 2018.
The biggest news came in the summer, when construction began on turning the former World Trade Center at the foot of Canal Street into a Four Seasons Hotel and residences. Officials expect a two-year construction timeline for the $450 million project.
Developer Carpenter & Co. is putting more than 300 guest rooms, 80 hotel condos, a restaurant, rooftop pool, spa and 28,000 square feet of meeting space into the 33-story tower. Boston-based CambridgeSeven is the lead architect.
Around 1,600 construction jobs are expected to be created. The developer anticipates 450 permanent full-time jobs from the hotel, which is expected to contribute $10 million annually to local coffers via property and hotel occupancy tax revenues.
Also in the Central Business District, construction has started on The Odeon, a $106 million apartment tower in the expanding South Market District. The 29-story development will offer 271 studio, one-bedroom and two-bedroom market-rate apartments, 200 parking spaces and 12,000 square feet of retail space. Construction is expected to wrap up on the 414,000-square-foot tower in fall 2020.
Meanwhile in New Orleans East, Dixie Brewing Company officials announced in August they would build a new brewery that faces the Industrial Canal in the 3500 block of Jourdan Road. The warehouse once housed a distribution center for MacFrugal’s, a discount retail chain that closed in the early 2000s.
Dennis Lauscha, president of the Saints and Pelicans, said the timeline for construction and fully bringing the brewing of the 111-year-old brand back to New Orleans would be between 18 and 24 months. He estimated the total construction value and rehabilitation of the 14-acre property at a maximum of $40 million. Lauscha said the goal is to employ 70 people when the doors open, with the ability to grow to a maximum of 200 employees.
Lauscha said he expects the company to generate 1,000 barrels of beer each month once production begins. There are approximately 31 gallons of beer in one barrel. Roughly 80,000 square feet of the 200,000-square-foot facility will be used for brewing operations.
Further east on Interstate 10, Franklin Avenue Baptist Church opened its $35 million sanctuary at 8181 Lake Forest Blvd. on Dec. 9 after a little more than two years of construction. The development fronts Interstate 10 near the Crowder Boulevard exit — one of the factors used in the selection process for the site.
The three-story facility has 126,000 square feet of space and is able to seat 3,500 people. There is a multi-purpose building to house classrooms, a fellowship hall, conference rooms, kitchen facilities and offices for pastors and administrators.