And so the Work on River District Begins…

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River District is an awesome project that will bring a lot of positivity to the already up-and-coming area. This development will sit along the Mississippi Riverfront and include many features such as a music museum, soccer stadium, and concert venue.

The project has been in the work stages for around two and a half years due to lease negotiations with Ernest N. Morial Convention Center. “This whole process has taken a lot longer than anybody thought,” said CEO Chris Maguire of Cypress Equities, which is leading the project with local real estate developer Louis Lauricella. But, he added, “the city of New Orleans hasn’t seen a project like this in decades, and we want to get it right.”

New Orleans has not seen such a big project as this one. There is progress due to the lease agreement with Shell Oil as the anchor tenant for the complex. Top Golf will also be part of the development with construction on this starting soon.

Still, slow going is the Music and Heritage Experience museum which would be housed in a 120,000-square-foot-venue. The backed money was lost for the venture. “If we made a mistake in the last year, I’d say that it was that we didn’t talk to enough people,” he said. “We need to make the case that this is a music museum that will benefit the whole state and will pay for itself over and over.”

The soccer stadium is another stagnant project that has faced many obstacles. The project be built where a parking lot for the convention center now sits. The CEO of the convention center, Michael Sawaya does not like the idea of the soccer stadium. “I’m looking for something a little more exciting,” Sawaya said.

“What we really think makes sense there is entertainment-based retail and experiential concepts that are popping up all over the world,” Maguire said. “It’s concepts like the indoor putting, ax throwing, shuffleboard — all of those type of experiential entertainment.”

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Celebration in the Oaks Preview Party with Jingle Bells & Beer

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This holiday season, two of New Orleans’ popular holiday events will combine into one. The Celebration in the Oaks Preview Party and Jingle Bells & Beer combined into one big festive event to start the holiday season off. This is an event that is fun for the twenty-one and over crowd and is an annual fundraiser. Patrons will enjoy entertainment, rides, and all-you-can-imbibe brew in both the Carousel Gardens Amusement Park and the Botanical Garden.

“Jingle Bells & Beer was already one of the most-anticipated events of the year, so why not add more to the mix,” said Celebration in the Oaks Director Julie LaCour. “Joining forces with the Preview Party is really going to kick the holidays off in style.”

You get both the fun of the amusement park with the elegant experience of the garden. Your general admission ticket will include unlimited beer, Amusement Park rides – including the iconic City Park Train – and snacks within the confines of Carousel Gardens. If you will go VIP you will enjoy a full bar and food from Acme Oyster House, Casa Borrega, Gris-Gris and Saint John, Katie’s Restaurant and Bar, Legacy Kitchen, Rosemary & Roux, Sala NOLA, Short Stop Poboys, and more.

Come be a part of this celebration as it goes to a very good cause.  City Park Conservancy’s annual operating budget is largely reliant on self-generated activities, often weather-dependent, and Celebration in the Oaks plays a key role in funding the Park’s continued maintenance and beauty each year. The public’s investment and attendance at Celebration in the Oaks supports City Park’s success going forward.

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’24 Sugar Bowl, January 1, 2024

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The Housing Market This Holiday Season

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As the holiday season begins the housing real estate market is seeing some changes. Mortgage rates are high peaking at around 7.23% as of late September. As the year comes to and end, here is what the housing market looks like.

There is a decrease in demand due to everyone focusing on the festivities during the holiday season. With the focus on the holidays, there are fewer new listings and fewer interested buyers looking. This can present a unique advantage if you are willing to work with the market during the holiday season.

If you want to list, your home could sell quicker during this time and if you are a buyer, there will not be as much competition. Buyers and sellers that are doing transactions during the holidays are very motivated. Often times this could be due to relocation for a new job, an unexpected growth in your family or a big life-changing event.

Investors are always on the clock even during the holidays. Investors know the slower months are a great time to snag a good deal. During the holiday season, sellers are very motivated. Since the market is slow, this is also a good time for a local real estate agent to connect with any local investors.

A digital age with virtual tours makes it easier to shop for a house during the holiday season. In fact, ever since the pandemic, virtual home tours have become the norm. Nowadays a buyer can tour a home 24/y in this digital age.

Negotiations and pricing adjustments are another benefit to holiday home buying. The decreased activity in the market, makes it a great time for those who decide to trudge on. The end of the year can be a great time for a financial transaction. There are benefits for taxes when you buy at the end of the year. It’s also notable that historically, interest rates tend to drop during the holiday season. While interest rate fluctuations are dependent on a variety of factors, the decrease in demand around this time can sometimes prompt lenders to offer more favorable terms to incentivize purchases.

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