Contractors are preparing to break ground on the second phase of the South Market District in New Orleans. When completed, it will be the largest mixed-use development in the city with 700 apartments, a boutique hotel and 200,000 sq ft of retail space including shops and restaurants.
Construction of the $250 million project started in June 2013. The first phase, which includes The Paramount and The Park buildings, is nearing completion. The Paramount includes 21,000 sq ft of retail space and 209 apartments, The Park features 435 garage spaces and 27,000 sq ft of retail space.