WTC New Orleans Announces its Support

NEW ORLEANS, LA, USA – The World Trade Center New Orleans has announced its formal support for one of five developers vying for the City of New Orleans contract to redevelop the vacant 33-story business tower located at the foot of Canal Street in downtown New Orleans. The historic tower formerly recognized as the World Trade Center New Orleans building was previously occupied by the World Trade Center New Orleans from 1967 until 2011 when the organization moved to its new location in the Central Business District.

The development group named 2 Canal Street Investors, Inc., is led by Woodbine Development Corp. of Dallas, Monday Properties of New York and Washington D.C., and Valencia Hotel Group hotel management firm, as well as other co-developers.As part of an agreement between the two entities and as detailed in the proposal submitted to the City of New Orleans, the World Trade Center New Orleans would occupy a portion of commercial space in the re-developed tower and thereby give the development group exclusive rights to incorporate the names “World Trade Center New Orleans” and “Plimsoll Club”. 

“The prospect of relocating the organization back to our namesake building is an exciting one. At the time of its construction the former World Trade Center building stood as an anchor for the City of New Orleans and to the nation. The arrangement between the WTC and the 2 Canal Street Investors helps to bring the World Trade Center legacy back home,” said Hon. Edward T. Hayes, Chairman of the World Trade Center New Orleans.

The proposal by the 2 Canal Street Investors outlines a plan to re-develop the historic building as a mixed-use facility, with a five-star luxury Hotel Alessandra New Orleans, complemented by 240 luxury rental units, as well as a Grand Foyer, Wine Bar, and separate Restaurant/Café. “The 2 Canal Street Investors recognize the immense and influential presence of the former World Trade Center building, and have outlined a proposal that we feel not only preserves its historical significance but also creatively showcases the progressiveness of our city” said Dominik Knoll, Chief Executive Officer of the World Trade Center New Orleans. “As long-considered an iconic symbol of commerce, we are delighted to see a proposal that positions the tower to emanate that once more.”

Please support the World Trade Center New Orleans in this proposal by voting for Hotel Alessandra on Nola.com. Click here to vote:
 http://www.nola.com/business/index.ssf/2015/02/which_world_trade_center_build.html#incart_story_package

(Michael DeMocker, NOLA.com / The Times-Picayune)

To learn more about WTC New Orleans, click on the source link below: