Thursday, January 16, 2014

Tracage Condos are Moving Ahead



For years, plans to build a high-rise luxury condo building known as the Tracage in the Warehouse District stalled in the headwinds of a diving economy. Now, developers say a scaled-back version offering apartments - not condos - will begin construction by mid-2014. The $55 million, 16-story building would be located at Annunciation Street and the Pontchartrain Expressway.
In the nearly nine years since it was first proposed, the project has drawn the ire of some Warehouse District residents who insist the building doesn't fit with the neighborhood character of low-rise condos and apartments converted from historic industrial buildings.
Last week, the Historic Landmark District Commission assented to developers' plans for the 185-foot version of the Tracage, bringing the project closer to construction.  Developers scaled-back the building's height by 300 feet based on neighborhood feedback. The original plans called for a building as tall as 40-stories, which was later reduced to 24 stories, and now 16 stories.

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