A group of local developers recently closed on a former industrial laundry facility in the Mid-City neighborhood, just off of Broad Avenue. The structure has been vacant since Hurricane Katrina and was acquired in late July for mixed-use redevelopment. The Tulane Industrial Laundry building located at 2606 St. Louis Street, around the corner from the Mid-City Whole Foods, was acquired after spending more than a year listed on the open market. The historic tax credit driven proposed upscale re-development will include fourteen 1-bedroom apartment units and two ground floor spaces expected to be occupied by restaurant tenants.
The property is located across from the proposed Laffite Greenway Bicycle and Pedestrian Path, a block off of Broad Avenue. The proposed plans will include a 1,575 square foot rooftop terrace for residential tenants and 2,372 square feet of outdoor dining / porch space for restaurant patrons. Each of the fourteen residential units will be 1-bedroom with an average unit size of 816 square feet. The two ground floor units will be built out as vanilla box space to accommodate restaurant tenants although no long term leases are currently secured. The redevelopment will also include a covered parking area with 18 lined spaces. The developers are expecting to have the project complete by April 2016.