$100M Apartment Tower on Tap for NOLA

The Domain Cos. are moving forward with the Odeon, a 29-story, $100 million apartment tower on a parking lot at Girod and South Rampart Streets in New Orleans’ central business district. The project would be the fifth building in the developer’s mixed-use South Market District, and would also represent the tallest new construction in the CBD since the 930 Poydras apartment building delivered in 2010.

Construction on the Odeon is expected to begin in the second half of this year, and designs for the building are still being finalized. Domain is currently looking for payment in lieu of taxes – PILOT – from the New Orleans Industrial Development Board.

South Market District is a $450 million mixed-use project that, upon build-out, will offer hundreds of apartments, retail, parking and luxury condos. Construction began on the development in 2013.

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