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1500 Canal St

Central Business District, New Orleans, LA
Total Size
53,895 sqft
Year Constructed
Year Renovated
Building Class

About 1500 Canal St

Jung Hotel, once the largest and grandest hotel in the Southern United States, is undergoing a massive transformational redevelopment. The property will consist of residential apartments, an extended stay hotel, ground floor commercial space, and a large parking garage. Its grand opening is planned to coincide with the opening of the new University Medical Center and the Veterans Affairs Hospital of New Orleans.

• Residential Apartments - 328 Total Units. Intended to attract medical students and medical staff of the nearby BioMedical District. - (16) Studio Units - (196) 1-Bedroom Units - (116) 2-Bedroom Units

• Extended Stay Hotel - 124 rooms initially planned. Will serve the needs of families and patients being treated at the surrounding hospitals.

• Ground Floor Commercial Space - 53,895 total square feet of street level retail space (now available) to serve the high volume of tourists and residents in the area.

• Parking Garage - 7 floors, 401 total parking spaces - Parking description: 7-story garage - Area description: Nearby the BioMedical District, French Quarter, CBD - Tenancy: Multiple Tenants

Internet Providers for 1500 Canal St

Provider Technology Max Download Speed Max Upload Speed
MegaPath Corporation DSL
50 Mb/s
50 Mb/s
AT&T Louisiana DSL
25 Mb/s
1.5 Mb/s

The Neighborhood: Central Business District

On average, listings lease in the $20's per square foot per year. The Central Business District submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.

Compared to the rest of the Greater New Orleans Region market, the Central Business District submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Median Rate Median Size
Central Business District $24
Median Rate Median Size
Greater New Orleans Region $24

Median Rate over Time in Central Business District