4100 Touro St 92,712 SF Office Building New Orleans, LA 70122 $9,004,060 CAD ($97.12 CAD/SF)

Located adjacent to the historic and vibrant shopping district along Gentilly Boulevard near its intersections of Elysian Fields and Norman Mayer Avenues, the 4100 Touro street complex has served as the headquarters for the Housing Authority of New Orleans since the early 1990’s. Originally constructed for the Southern Bell Telephone and Telegraph Company in 1959, the campus is well positioned for a redevelopment into Multi-Family Housing utilizing Low Income Housing Tax Credits, with the potential qualifications to incorporate State and Federal Historic Tax credits as well. The property is located immediately adjacent to the Gentilly Terrace National Register Historic District; and given the building’s most recent use as the Housing Authority of New Orleans’ headquarters, as well as the original use as the Southern Bell Telephone and Telegraph Company headquarters in 1959, the building is a strong candidate for nomination onto the National Historic Register – creating a path for procurement of State and Federal Historic Tax Credits.
The property is located directly adjacent to Dillard University’s brand new Innovation Collective, a a 251 bed, multi-purpose building and residence hall.
The property comprises approximately two-thirds of the block bounded by Touro, Senate, Pauger, and Pelopidas streets. The improvements consist of two buildings that are connected via skywalk. Building 1 is a steel reinforced raised concrete structure consisting of app of approximately 50,000 sq/ft of finished improvements and approximately 30 covered parking spaces. Building 2 is a Steel frame and masonry building consisting of approximately 30,000 sq/ft of finished office space on two floors, and an approximately 45 space parking parking lot.