1630 Canal Street

Description

CALL FOR OFFERS! Multi-Family or Hotel Development OpportunityA 100+ room (108,000 SF) CBD multi-use redevelopment site. This highly visible building is ideally located on Canal Street adjacent to I-10 in the BioMedical District of New Orleans, Louisiana. The property offers approximately 180 feet of frontage along prominent Canal Street and is directly situated on the streetcar line. Its highly visible positioning in the epicenter of New Orleans businesses and transportation routes allows for first-class convenience and accessibility. The property has been determined to qualify for Historic Tax Credits on the federal and state levels and is located in an opportunity zone.The Canal Street location offers the opportunity to redevelop an impressive short/long-term stay service or hotel tower, with direct access to the CBD, Medical District, Warehouse District, and the French Quarter. 1630 Canal Street is strategically located for walkability to the most acclaimed restaurants, premier shopping, and entertainment in the heart of New Orleans. It is only blocks away from The Superdome and a drive of less than five minutes to Caesar's Casino and the Convention Center.Building Overview:Single building with attached garageSteel frame blank canvas ready for developmentCurrently vacant and remediatedOutdoor pool and cabanaPotential for rooftop development and entertainmentHistorical Significance:The former Governor House Motor Hotel is a six-story hotel built in 1963 as the first motor hotel in the New Orleans Central Business District. The steel-frame building is clad in brick and designed in the French Quarter Revival Style, making prominent use of iconic elements such as French doors, shutters, arched openings, and balconies. The building's exterior has not been altered since the hotel opened.