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About TSmith

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    New Orleans
  1. New Orleans Development Thread

    I agree. I was thinking more along the lines of personal financing options for the prospective buyers, not necessarily the developers.
  2. New Orleans Development Thread

    Probably... but this bailout will probably give both projects a green light. At least I hope.
  3. New Orleans Development Thread

    Yeah unfortunately, I don't see this happening anymore. Just delaying the inevitible
  4. New Orleans Development Thread

    I'm not sure. I do know that developers pay closer attention to lease rates than occupancy. I remember reading an article prior to the storm that mentioned this per square foot price threshold, but I don't remember what it was. If occupancy rates continue at this level, rates are sure to rise. But it won't be until an adequate number of leases expire and are re-negotiated at higher prices to justify the construction of a new tower. I think it could happen, but as we all know... there are still some vacant buildings downtown. Luckily, it appears that Dominion Tower might be filled with government offices. If this happens, I wouldn't be surprised to see a new tower in 5 years or so.
  5. New Orleans Development Thread

    Looks like just a floor-use sketch. I've seen a rendering... I think on this site. Where is it? I remember people being dissapointed in it.
  6. New Orleans Development Thread

    According to one of the developer's sons, the project at 930 Poydras is full steam ahead, as we've all seen. But according to him, it will be taller than what we're seeing in that rendering. He also told me that while it might look bland and boring, the exterior will have a very nice skin... multicolored, changing shades at different angles, etc... As for the Algiers project, a friend of mine has been hounding them about buying a condo. They don't seem too worried about it... I guess they're close to selling out. But she's being told that they are under construction. I didn't believe it until someone mentioned pile driving in this thread. But I don't understand why her phone calls aren't being returned. Are they sold out? In my opinion, besides Trump, this is the most attractive project in the city. What a great location... I love Algiers Point.
  7. New Orleans Development Thread

    No problem JPK... I'm with you on that.
  8. New Orleans Development Thread

    Damn I didn't even realize the Ruth's Chris was open. Sorry about that. I was at Ernst a couple weeks ago and saw the Ruth's Chris mural on the fence at that site and just figured it was going there. My fault. Not sure what's going in there.
  9. New Orleans Development Thread

    Those cranes you saw are building the WWII expansion. As for Fulton St... a Ruth's Chris steakhouse is going in there. However, Ernst Cafe is privately owned. Whoever owns that place has hit a goldmine with all that Harrah's is doing with Fulton.
  10. New Orleans Development Thread

    Yeah at least they aren't reducing it to zero floors
  11. New Orleans Development Thread

    Judging from the article, it seems that he hinted that the plans may reduce by 5 floors, or 67 total. Seems that I remember that being the original plan pre-Katrina. Oh well.
  12. New Orleans Development Thread

    I really like the idea of City Hall moving into the Chevron building. Somebody let the powers that be at City Hall know about this idea... because I'm pretty sure such a great idea has surely not crossed the mind of anyone over there.
  13. New Orleans Development Thread

    I'm good friends with one of the primary developers on this project. The project was delayed because the two families involved in this development wanted to use the lot for the LSU BCS NC game tailgate. I kid you not. And believe me... the delay was worth it. I'm not too familiar with the exact design. However, they certainly were commited to the project. This project is a go for sure. Glad to hear construction has begun. I don't know why I haven't before, but I'm going to try to figure out what other projects they are bidding on. Specifically, I'd like to find out if they have been retained for site prep on Trump Tower. I'm going out with him tonight and I'll certainly ask.
  14. New Orleans Development Thread

    Great. Just friggin great. This pisses me off too much to finish this post. Might say something I'll regret.
  15. New Orleans Development Thread

    Wow the rents in that place are going to be outrageous.