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August 2007 NEW ORLEANS - Construction on the $60-million Tracage condominium project to be built in the Warehouse District will begin late this year, developers said. The 24-story, 136-unit project is scheduled to be complete by late 2009. The developer is Tracage Development, a joint venture between Jackson, Miss.-based Spectrum Capital and New Orleans-based Isis Development Group. The development team involves Spectrum Capital, Yates Construction, Foil Wyatt Architects and Planners and Trapolin Architects. "Since Katrina, there has been a great deal of talk and very little action on the condo front in New Orleans," said Jason Voyles, president of Spectrum Capital and lead project developer. Bethany Foote, Tracage sales agent, said interest in Tracage has been strong. Buyers include destination travelers and New Orleanians who were living in areas such as Lakeview before Hurricane Katrina. Units range from the mid-$200,000s to more than $2 million.
Some notable notes from the Tracage Site | ||||
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