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Canal Street Redevelopment Opportunity

1500 Canal
Street,
New Orleans, LA
The historic
Jung Hotel is an eighteen (18) story hotel located in Downtown
New Orleans along the Streetcar line. Prior to Hurricane
Katrina, it was operated as a Park Plaza Hotel. It is near the
French Quarter and within walking distance of the Superdome, the
New Orleans Arena, Harrah’s Casino, and the Aquarium of the
Americas.
The property is adjacent to the Medical Services District, which
includes the Tulane University Hospital and Clinic, the LSU
Health Sciences Center, and the future sites of the New Orleans
Bio-Innovation Center and the Louisiana Cancer Center. The area
will also see the construction of the new $1.2 billion LSU
Hospital and University Center and the new $700 million VA
Hospital and includes the Broadway South redevelopment area (1
block from hotel site).
The Jung is constructed with masonry exterior walls and a built
up roof on concrete deck and contains approximately 544,000
square feet of improvements. When operating, the facility
featured two restaurants, three retail shops, a deli, an
exercise room, and a rooftop pool and deck area located on the
sixth floor of the convention wing.
The guest rooms are located on the 3rd - 18th floors of the
hotel. The hotel’s tower is “E-shaped,” providing natural
lighting to the rooms. A new fire protection system, including
automatic sprinklers, was installed in 1984.
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Room Count |
Single Room
Typical Double Rooms
Double/Double
Suites
Total |
10
460
276
13
759
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Land Size |
82,053.81 sq.
ft. with 256.17' frontage on Canal and Cleveland by 320.31'
frontage on LaSalle and S. Villere
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Zoning |
CBD-2B
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Permitted uses |
Hotel,
residential – apartment or condominium, hospital, office,
retail, and many other applications.
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Age |
The property
was constructed in five phases between 1907 and 1963.
It first opened in1925.
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Price: |
$14,000,000 |
Download/View
an Adobe Acrobat formatted flyer
For more information:
Paul Richard
504-569-9329
Drew Morock
504-569-9321
NAI/Latter & Blum, Inc./Realtors®
430 Notre Dame Street
New Orleans, LA 70130-3610

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430 Notre Dame Street, New Orleans, LA 70130-3610
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www.latterblum.com |
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. No warranties or representations, expressed or implied, are made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals.
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