New Orleans, LA 70112
MLS# NO2553340
108000 sqft
Property Description
Creative Financing Available | Historic Tax Credit Opportunity | 100+ Key Redevelopment Acquire and redevelop a +-108,000 SF, 100+ key hotel or multifamily asset in the heart of New Orleans' BioMedical District. Ownership is now offering creative financing, providing a path to control a large-scale CBD asset with reduced upfront equity and greater execution certainty. The property has been determined eligible for Federal and State Historic Tax Credits, offering the potential to significantly reduce overall project basis. Positioned along Canal Street with approximately 180 feet of frontage and direct streetcar access, the site sits at the intersection of the CBD, Medical District, and French Quarter--one of the most dynamic and rapidly developing corridors in the city. Originally constructed in 1963 as the Governor House Motor Hotel, the six-story, steel-frame structure offers a true blank-canvas opportunity for hotel, multifamily, or mixed-use redevelopment. The property is vacant and has been remediated, allowing for immediate redevelopment. Walkable to the CBD, Medical District, and French Quarter, and located minutes from the Superdome, Caesars Casino, and Convention Center. Ownership is seeking qualified buyers capable of executing on a transformative redevelopment. Additional information available upon request.
Last Updated: April - 16 - 2026
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