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Architectural Record features TSA Board Member Mac Ball, FAIA and MSRED faculty Will Bradshaw in a piece on living with water in NOLA

 

New Orleans Goes with the Flow

Ten years after Katrina, the city learns to live with water.

By James S. Russell, FAIA

Photo © Alex S. Maclean/Landslides

The rebuilding of New Orleans 10 years after Hurricane Katrina is as patchwork and kaleidoscopic as the city itself. A line of slab buildings approaching completion along Canal Street near the downtown looks impressive—an image bound for the cover of economic-development brochures. The buildings are part of a 70-acre, $2.7 billion two-hospital replacement plan designed by two teams led by NBBJ. Like so much else about the reconstruction of the city that sat for weeks in a soup of fetid water after disastrous levee failures, the hospital project has been both controversial (displacing residents in a city awash in vacant land) and seen as a good thing for the jobs it will create.

An unpredicted wave of investment and renovation has come to the charming shotgun houses and cottages of high-ground neighborhoods like the Marigny, Bywater, and Holy Cross that line the river. Before the storm, they had languished. Many schools known for their dysfunction and dilapidation have been handsomely restored or replaced, if with ungainly but functional boxes. Population has steadily grown but remains 100,000 lower than it was pre-Katrina.

For all the destruction and lives lost or permanently altered, there's a broad consensus that the city works better and offers greater opportunity than it did before the storm. Local governance is more responsive and seems to be less corrupt... full article here

Historic Pythian building to make a grand return

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Carol J. Schlueter

TSA faculty member and developer, Will Bradshaw, of Green Coast Enterprises, who also is an adjunct lecturer at the Tulane University School of Architecture, was looking for just the right historic property to redevelop in downtown New Orleans. While touring the 10-story building at 234 Loyola Ave., he entered its third level, once a theater, and was transfixed.
 
“It was filled with light from floor-to-ceiling brick windows, with a great view of downtown, and I said, ‘Oh wait, this is where we need to be.’”

It took many months of planning, architectural work by two Tulane alumni and research by several Tulane archives, but the 107-year-old Pythian building — what Bradshaw describes as “probably the most significant building for African American people in the state of Louisiana” — is about to be reborn.

The Pythian is looking downtrodden right now but that’s temporary. When the $4.8 million purchase was completed last October by Green Coast, in conjunction with the Crescent City Community Land Trust, crews stripped off sheets of aluminum from the building’s exterior that had been added in the 1960s to give it a “modern” look.

Underneath the slipcover, “every bit of intricate stone work on the exterior was smashed,” Bradshaw says.

His architects, Tulane alumni Wayne Troyer, TSA '83, and Julie Babin, TSA '06, of studioWTA, provide the good news: “We’re bringing it all back,” including ornate details around the windows, the neo-classical entry and Grecian key ornaments.

Construction will start this summer, and by late 2016 or early 2017, the “new” Pythian will offer 69 residential units, most at full market rental rates and but a portion earmarked as affordable housing for lower-income workers.

The first three floors in the redevelopment will be a mixture of retail and office space, with the first level becoming a “public market food hall” that Bradshaw describes as an area to showcase New Orleans food culture.

“We feel really lucky to be involved in this project,” he says.

Project Involving Alumna Gina Lamacchia, MSRED '13, Receives National Financial Innovation Award

The Novogradac Journal of Tax Credits annually presents industry awards for historic rehabilitation projects across the country. These awards recognize development teams for excellence in the creative use of the historic tax credit. Green Coast Enterprises, led by its President and MSRED Adjunct Lecturer, Will Bradshaw, was recognized recently in the 2014 Financial Innovation category. MSRED alumna, Regina LaMacchia worked on this project and was quoted in the final awards publication.

"The 2014 Historic Development that Best Demonstrates Financial Innovation Award is presented to Green Coast Enterprises (GCE) for rehabilitating four historic buildings into The Community Green at Washington & Broad in New Orleans, La. The Community Green at Washington & Broad is a 28,000-square-foot commercial development that features a community health center, office buildings, restaurants and retailers. Built at the intersection of Washington Avenue and Broad Street in the 1920s and 1930s, several commercial buildings were left vacant after Hurricane Katrina. Regina LaMacchia, special assistant to the partner at GCE, reports that subsequent arson, vagrancy and vandalism contributed to the buildings’ decline.

GCE demonstrated financial innovation by combining multiple public and private funding sources to finance The Community Green. The $8.7 million development was financed by federal and state rehabilitation historic tax credits (HTCs), federal new market tax credits (NMTCs) and funding from the Louisiana Office of Community Development, Community Development Block Grants, the Louisiana Project Based Opportunity Program (PROP) and the New Orleans Redevelopment Authority.

The Community Green has had a significant positive effect on the vibrancy of the surrounding neighborhoods, having sparked numerous commercial and residential projects in the community. La Macchia said that before The Community Green was completed and leased, less than half the commercial space in the intersection was occupied; now more than two-thirds of that commercial space is in use."

Novoco Winners and Honorable Mentions 

MSRED Professor Will Bradshaw and Wayne Troyer, TSA 83, Plans a Mixed-Use Sustainable Project in the CBD

New Orleans-based Green Coast Enterprises bought the former Industries Building at 234 Loyola Ave. Thursday for $4.8 million from Johnann LLC. Green Coast is working with Crescent City Community Land Trust to redevelop the 10-story office tower into a mixed-use, mixed-income complex.

Will Bradshaw, a principal partner in Green Coast Enterprises, said the development will include about 80 one- and two-bedroom market rate and lower-income apartments on the upper floors and roughly 11,000 square feet of sub-dividable commercial space on the ground floor and mezzanine area.

The project, which was designed by Studio WTA of New Orleans, would qualify for LEED certification as a sustainable green building. Bradshaw said a completely gutted building works to their advantage because it allows them to install all new energy-efficient systems and amenities. 

Full Article (subscription required):

SRED 6140

This course will teach students the sources of real estate finance with a focus on the policies, programs and mechanics needed to build a foundation for the MSRED program. The course will be structured around both private and public debt and equity sources, including the underwriting that accompanies each, and the application of these sources to finance different project types, including market‐rate and income‐restricted for‐sale housing, small rental, multi-family, mixed use and commercial properties.