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Originally Posted by kingque
New Orleans is in need of more office development across the metro area. You have to give a little and create demand. I'm in Atlanta, a city notorious for overbuilding. There are a good number of buildings downtown that barely have people in them, yet new offices are popping up consistently across the metro area and business is good. This is normal in most major cities. If you build it, they will come.
Do like the rest of the country, build anew and if there's space available downtown or wherever, convert it to housing. Major companies want new buildings/amenities. I'm willing to bet that if Shell wasn't getting a new office building, they would've packed up and moved those 1,000 jobs right on over to Houston.
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I believe the River District has another office tower in development which makes me believe they’ll announce another anchor tenant for that one when the opportunity comes about. I wouldn’t be surprised if they build one or two more office high rises if the demand is there. As far as One Shell Square and DXC Technology, I’m sure they’ll find new tenants to fill those vacant floors for
each of those buildings ; these things always go in ebbs and flows.