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The Business Newspaper of Metropolitan New Orleans

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    With the revitalization of old office shells into new residential buildings, the refurbishment of worn down hotels into sleeker lodging properties, and the construction of a pair of new hospital complexes, New Orleans’ downtown has already seen an unprecedented influx of development activity.

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    The ongoing redevelopment of assorted downtown properties continued to dominate headlines in 2015, as several major projects were either started or completed this year.

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    A five-story warehouse building and an adjacent parking lot near the Ernest N. Morial Convention Center could be the site of a new hotel project in the Central Business District.

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    A new hotel project near the Ernest N. Morial Convention Center on Monday received approval from the city’s zoning board for variances on height, setback and number of floors.

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    The board of the Ernest N. Morial Convention Center has acquired the former Louisiana ArtWorks building in the Warehouse District and entered into a cooperative endeavor agreement with an organization that plans to open a culinary school at the location.

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    Ernest N. Morial Convention Center officials will embark on a $557 million capital improvement plan that includes renovations and development of a new hotel.

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    Talks with developers have restarted on a 1,200-room hotel near the Convention Center.

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