Word: downtown
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...from the madness that was Mardi Gras in downtown New Orleans, developers are hoping to start a frenzy of their own-in real estate along the Mississippi River. The French, it turns out, knew what they were doing when they built the Vieux Carre at the bend in the river. That section of the city didn't flood after Hurricane Katrina, even after the levees broke, because it was on higher ground. Now, while homeowners in suburban New Orleans worry that neighborhoods will be bulldozed for parks and greenways, the moneymen are hoping to lure people back into the city...
...half dozen developers, including Donald Trump, are eying high-rise condo projects downtown that would offer stunning views of the mighty Mississippi. The Port of New Orleans just signed an agreement to open up four miles of riverfront for development, including a one-mile-long park replacing wharves. Nearby, developer Pres Kabacoff's $318 million plan to transform the St. Thomas housing project into River Garden-a mixed-income neighborhood with Creole cottages, Victorian doubles and Greek Revival houses-should get back on track this month. And a few blocks away, KB Home, one of the nation's largest builders...
...ounce Odwalla bar costs $1.49 in both of the two stores in the Square but is only a mere 59 cents at the 263 Washington St. shop in downtown Boston. Only a tenth of a mile away, though, at 340 Washington St., the bar costs $2.99, according to store employees...
Something else the hurricane may produce is what Nagin predicts will be "the biggest construction boom this country has ever had." While the poorer districts may be languishing, in some areas there are signs the boom may be happening. Deals are popping up around downtown and along the Mississippi riverfront. KB Home, one of the nation's largest home builders, is racing to start up to 10,000 Orleans-style houses just across the parish line, as well as 58 lots downtown. Bruce Karatz, CEO of California-based KB Home, promises that the houses "will have the New Orleans feel...
...Downtown...