(To read more on the multifamily market, click here.)

SLIDELL, LA-A New Orleans developer is planning a 352-unitmultifamily complex as a neighbor to the 2,750-seat Grand Theatre.The all-in development tag is pushing $30 million.

Once the local city council approves the project for the 1900block of Gause Boulevard, the New Orleans-based developer IntradelCorp. will close on the land, which is currently owned by a localpartnership. Plans call for construction to begin on the Presidioin six to eight months. Kerry W. Kirby, Intradel's president andCEO, tells GlobeSt.com that it will take 18 months to complete the16-acre project.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.