8301 Olive St.
New Orleans, LA 70118
Hours of Operation in November, 2015
Monday – Friday
10AM – 7PM
Saturday – Sunday
10AM – 5PM
Call 504-483-7037 or Click Here To Contact Hollygrove Market.
612 Piety Street
New Orleans, Louisiana 70117
Saturday, November 14, 2015
10:00AM – 4:00PM
Call 504-782-2569, Click Here For More Information or Use the Following Contact Info:
524 St. Louis Street
New Orleans, LA 70130
Friday Dates in November, 2015
November 6, 2015
November 13, 2015
November 20, 2015
November 27, 2015
6PM – 9PM
Call 504-620-9464, E-mail specialevents@nosoc.com or Click Here to Book Your Class Now!
With the latest addition of developed riverfront property on the Mississippi River in and around the French Quarter, many local New Orleans’ businesses have expressed an interest in developing riverfront property into usable and money-making ventures to encourage more visitors, tourists, and business to come to New Orleans. Because of this, there are plans for the New Orleans Convention Center to expand its economic reach “upriver” on 47 acres of property. Owners of the Ernest N. Morial Convention Center are in talks with Howard Hughes Corp. and local developers Joe Jaeger and Darryl Berger to build a 1,200 room hotel which would also be surrounded with retail, 
entertainment, restaurants, and housing in the form of condos and apartments.
Because the current configuration of the Convention Center is “walled off” from the river, this new construction project will offer guests riverfront views, luxurious rooms in which to stay, and even a path from the new development to the current convention center for their meetings and seminars. This $65 million proposal would revamp Convention Boulevard, reducing it from 4 lanes to 2, and creating pedestrian-friendly walking areas for convention goers.
In addition to the hotel on which the construction is estimated at approximately $360 million to $600 million, there are also talks about creating a green space that extends all the way to the river – similar to but better than Woldenberg Park. The infrastructure construction would also include adding on to the streets of Euterpe, Race and Orange in the Lower Garden District so that the neighborhood would be connected to the new development.
“We’ve got to reclaim the parts that are not being used for maritime commerce and make the river a gathering place for our people and our visitors — generate some commerce, generate some opportunities for visitors and locals alike to come downtown and have a unique shopping experience or unique dining experience or some other attraction that’s uniquely New Orleans,” said Bob Johnson, president and general manager of the Morial Convention Center. “It would dwarf anything that’s been done, ever, in the city,” Johnson said.
Plans are still in the works and the new neighborhood is being designed by Eskew+Dumez+Ripple and Manning Architects. This is just one of many riverfront projects that are in the planning stages in the Greater New Orleans area.
Plaquemines Parish, specifically Belle Chasse, saw a 7.9% growth in home prices during the first 6 months of 2015 according to Wade Ragas, local real estate consultant and expert. The 7.9% growth was based on numbers pulled just before Hurricane Katrina, and overall in the Greater New Orleans area, home prices have jumped 50% since just before Katrina. On the Southshore, the average sale price for a single-family home in New Orleans went from $114 / square foot to $166 / square foot which was a different in home pricing of $228,620 vs. $339,743. Belle Chasse in Plaquemines Parish saw the 2nd highest increase in home prices in Greater New Orleans followed by a 6% increase in St. John the Baptist Parish.
Home prices on the Southshore in New Orleans have risen on average 4.6% per year for a record-high increase of 46%. All numbers culminated for the 8-parish region surrounding Lake Pontchartrain in the Greater New Orleans area saw an increase in home prices of 18.6%, which is still a pretty significant increase for a 10-year period. However, interestingly, Jefferson Parish home pricing has not “moved” very much at all since Hurricane Katrina.
Homes for sale in Jefferson Parish have remained nearly the same pricing overall in this period with only a 1%
growth in 10 years. The average price of a home in Jefferson Parish is $194,510 which equals approximately $106 / square foot. Spikes of home pricing in Jefferson Parish can be seen in prominent neighborhoods such as Old Metairie and Bucktown where the average price of a home is $494,724 amounting to $204 / square foot.
The Greater New Orleans area can actually be compared to larger metros in its growth rate. These metros, such as Dallas, Houston, or Miami were seeing similar growth according to Ragas.
“We have a surge in demand, but we don’t have enough inventory to keep that at an affordable level,” Ragas said. “Problems like this tend to solve themselves if markets are left alone.”
Ragas claims that there is a supply of buyers but not such a large supply of homes to be purchased, which have led to bidding wars for homes located in safe and quality neighborhoods in the city. The Parks of Plaquemines, located just across the river from New Orleans offers new lots for sale as well as new homes for sale. When buying a new home in our master planned community, you can avoid the high price of purchasing a home in the city of New Orleans with lower taxes, lower utilities, and a much higher level of safety. For More Information about purchasing a home at The Parks of Plaquemines, Contact Us at 504-364-2350 or E-mail Info@TheParksLifestyle.com.
