The former Texaco building is now home to a mixed-use development for seniors.
Officials are gathering at the old Texaco building on Canal Street Thursday morning to mark its transformation from corporate to residential use. The 17-story tower is now a home for seniors on a low fixed incomes.
The State Palace Theater, a piece of New Orleans history, may finally receive a long overdue facelift. Developer Gregor Fox recently announced the purchase of the Canal Street relic for $3.5 million.
The State Palace, built in 1926, was flooded during Hurricane Katrina and fully shut down in 2007. Plans to convert the theater into a museum and concert venue pre-Katrina never happened. Now, Fox says he hopes to complete a partial renovation of the 3,000-seat theater's exterior and adjoining retail space within two years.
New Orleans Mayor Mitch Landrieu has signed off on a deal that he says will reopen the Saenger Theatre within two years. Plans to reopen the Canal Street landmark seem to have cleared hurdles that have delayed the project.
Mayor Landrieu assembled members in his office of the public-private partnership that he says is putting the Saenger Theatre project back in action.