NEW ORLEANS - Tulane University announced Nov. 29 it had signed a long-term lease agreement to occupy nearly 350,000 square feet of at the former Charity Hospital building on Tulane Avenue downtown spurring redevelopment of the landmark that had been unoccupied since 2005. Terms of the deal were not disclosed. The project is a “central component of a major expansion of Tulane’s downtown campus in the heart of the city’s biomedical corridor.” according to Tulane Chief Operating Officer Patrick Norton. Tulane will work with developers to transform the building into a mixed-use complex featuring apartments, retail outlets, and educational institutions anchored by the university’s academic and research. Project developers 1532 Tulane Partners and SKK Opportunity Zone Fund I, LLC will spend the next 2.5 years completing base building construction before Tulane develops its space. The university said it hopes to occupy its portion of the building in 2025. (Source: WVUE 11/29/21)
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