The Domain Companies has broken ground on the next phase of its South Market District community in New Orleans, Louisiana: a $106 million mixed-use building known as The Odeon at South Market.
The Domain Companies says the South Market District is Louisiana’s first mixed-use, transit oriented development. The 29-story Odeon building will be the fifth of six buildings in the South Market District, with the sixth and final phase set to be announced later this year. Completed buildings include The Paramount, The Standard, The Beacon, and The Park at South Market.
The company has invested over $500 million in the project over the last ten years.
The Odeon at South Market will cover 414,000 square feet total, with 271 studio, one-bedroom, and two-bedroom market rate apartment units, 200 parking spaces, and 12,000 square feet of retail. The retail will target soft goods, food and beverage, and fitness services.
“The Odeon is the tallest building constructed in New Orleans in over thirty years,” says Matt Schwartz, The Domain Companies principal, in a statement. “This speaks volumes about the momentum in New Orleans today and how our City continues to grow and evolve. We’re proud to add The Odeon to a growing list of investments that are building a vibrant and culturally rich Downtown and attracting new residents, employers, and visitors.”
Once complete, South Market will include 1,000 apartments and condos, 200,000 square feet of retail space with a 40,000 square foot gourmet grocery store, and 1,300 parking garage spaces.