DOWNTOWN LOFTS DEVELOPS MIXED-USE PROJECT IN NEW ORLEANS

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NEW ORLEANS — New OrleansDowntown Lofts is developing ICInola, a LEED certified, mixed-use development that will include 105 urban lofts and 50,000 square-feet of retail space in the historic Bywater district. Located on 3925 Burgundy Street, the site is directly adjacent to the French Quarter. Commercial business will open in March 2009 and residences in May 2009. The project will be spread out through four buildings that have a distinctive personality representing the German, French, Italian and Spanish presence in New Orleans. Each building will feature a different theme reflecting the four natural elements of water, fire, earth and wind.

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