{"id":1004092510,"date":"2014-03-10T13:07:31","date_gmt":"2014-03-10T21:07:31","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=245268"},"modified":"2020-04-12T23:43:51","modified_gmt":"2020-04-13T07:43:51","slug":"starwood-announces-addition-of-aloft-brand-in-cbd-adaptive-reuse-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/starwood-announces-addition-of-aloft-brand-in-cbd-adaptive-reuse-project\/","title":{"rendered":"Starwood Announces Addition of Aloft Brand in CBD Adaptive-Reuse Project"},"content":{"rendered":"<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/03\/225-Baronne-Street.snip_.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-245270\" title=\"225 Baronne Street.snip\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/03\/225-Baronne-Street.snip_.jpg\" alt=\"\" width=\"139\" height=\"195\" \/><\/a>Starwood Hotels &amp; Resorts Worldwide Inc. has announced plans to open a 188-key Aloft hotel in the New Orleans Central Business District, converting a historic office building. The project follows a bevy of other successful adaptive reuse projects involving the Aloft brand, such as Aloft Orlando Downtown, Aloft Miami-Brickell and Aloft Dallas Downtown.<\/p>\n<p>Aloft New Orleans Downtown, the brand\u2019s first Louisiana location, will open at 225 Baronne St., within the eponymous office building. The 30-story historic property, owned by 225 Baronne Complex LLC, an entity of New Orleans-based HRI Properties, is currently undergoing redevelopment that is set to transform the dilapidated office structure into a mixed-use project. According to <a href=\"https:\/\/www.theneworleansadvocate.com\/home\/7768021-172\/225-baronne-office-building-to\" target=\"_blank\" rel=\"nofollow\"><em>The New Orleans Advocate<\/em><\/a>, the project is worth $100 million.<\/p>\n<p>Upon completion, 225 Baronne will comprise the 188-key Aloft New Orleans Downtown, 192 mixed-income housing units, 2,910 square feet of retail, 6,000 square feet of meeting space and a 356-car public parking facility. At least some of the housing units will be upscale apartments. Units will feature hardwood floors, stainless steel appliances and in-unit washer-dryers. \u00a0Amenities will include a rooftop swimming pool, fitness facility, multi-purpose room, covered bike parking and on-site management office. The development\u2019s CBD location will ensure excellent access and connectivity for residents and hotel guests to the Crescent City\u2019s world-famous French Quarter, the Mercedes Benz Superdome, jazz clubs and vibrant nightlife, shopping and downtown\u2019s many offices.<\/p>\n<p>Set for completion in the first quarter of 2015, the more than 308,000-square-foot project will be executed in accordance with the Secretary of the Interior\u2019s standards for historic preservation. Roy Anderson Corp., a subsidiary of Tutor Perini Corp., snagged the $61.3 million construction contract for 225 Baronne St. and started work in November 2013. The project also involves the demolition of an adjacent structure, the 919 Gravier Building.<\/p>\n<p>Aloft New Orleans Downtown will be managed by HRI Lodging.<\/p>\n<p><em><a href=\"https:\/\/www.multihousingnews.com\/market-data\/market-snapshot-2013-tightens-new-orleans-apartment-market-projects-rent-growth-for-2014\/1004097148.html\" target=\"_blank\" rel=\"nofollow\"><strong>Click here<\/strong><\/a> for further New Orleans market data.<\/em><\/p>\n<p><em>Image courtesy of HRI Properties<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Starwood Hotels &amp; Resorts Worldwide, Inc. has announced it will be opening a 188-key Aloft hotel in the New Orleans Central Business District, converting a historic office building.<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1599,21742],"tags":[1815,39456],"class_list":["post-1004092510","post","type-post","status-publish","format-standard","hentry","category-new-orleans","category-latest","tag-national","tag-new-orleans"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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