JUNG HOTEL REDEVELOPMENT 1500 Canal Street NEW ORLEANS, LOUISIANA Biomedical New Orleans Summary Site Plan AREA OVERVIEW District Map District Map DEMOGRAPHICS

JUNG HOTEL REDEVELOPMENT 1500 Canal Street NEW ORLEANS, LOUISIANA Biomedical New Orleans Summary Site Plan AREA OVERVIEW District Map District map DEMOGRAPHICS

Canal Street Elevation Property Overview The 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 to serve the high volume of tourists and residents in the area.

• Parking Garage - 7 floors, 401 total parking spaces

Commercial Space Available +/- 500 SF - 30,000 SF Space Available Ground Floor

TRAFFIC COUNT (ADT 2012) On Canal Street, between Claiborne Avenue and North Rampart Street: 21,049

www.StirlingProperties.com Joe Gardner The foregoing is solely for information purposes and is subject to change without notice. Stirling Properties makes no representations or warranties regarding the properties or infor- [office] 504-523-4481 [direct] 9504-620-8140 mation herein including but not limited to any and all images pertaining to these properties. It is the obligation of each purchaser/lessee to investigate the condition and attributes of the properties and to verify the accuracy of the foregoing information to the extent such purchaser/lessee deems necessary. Also subject to errors, omissions, changes in terms and [email protected] conditions, prior sale, lease or withdrawal, without notice. 04/14 BROKERS NETWORK JUNG HOTEL REDEVELOPMENT 1500 Canal Street NEW ORLEANS, LOUISIANA Biomedical New Orleans Summary Site Plan AREA OVERVIEW District Map District map DEMOGRAPHICS

GROUND FLOOR SITE PLAN

Click Image to View Interactive PDF

Residential • Iberville Redevelopment - $30.5 million in grants were issued to the project Lafitte Greenway making it the largest residential redevelopment project for the city to date. The mixed-use, mixed-income development will have 880 residential units on 23 acres and is expected to be completed December 2014. Iberville Redevelopment MEDICAL • University Medical Center - $1.1 Billion, 424 Beds, Under Construction, New Orleans Planned Opening Spring 2015 Saenger Theatre BioInnovation Center • Veterans Affairs Hospital - $995 Million, Under Construction. Planned Opening February 2016

Canal Street • Louisiana Cancer Research Center - Opened 2011, $100 million, 150,000 SF medical research facility Veterans Affairs Hospital • New Orleans BioInnovation Center - Opened 2011. Houses about 200 Joy Theater employees from 80 companies

Tulane University • The Tulane University School of Medicine, Delgado Community College University School of Medicine School of Nursing, and LSU Health Science Center make up the rest of the Medical Center BioMedical District. Once the hospitals open, the new District is expected to create an estimated 10,000 high-wage jobs directly, and another 7,000- Louisiana Cancer 10,000 jobs indirectly. Times-Picayune, September 2011 Research Center

Delgado Community ENTERTAINMENT & RECreation College School of Nursing • Saenger Theatre - Reopened September 2013 after a $52 million renovation. The historical theater hosts major live performances and Broadway stage

North Claiborne Avenue (Interstate 10) (Interstate North Claiborne Avenue productions.

LSU Health • Joy Theater - Reopened in 2012 after a $5 million renovation. Once a single Science Center screen movie house, it now hosts live entertainment. Poydras Street • Lafitte Greenway - A proposed 3.1 mile linear park and bike path that stretches from the French Quarter to Lakeview. $7 million is planned for its development.

SITE

Mahalia Jackson Jackson Square Theater

MID-CITY / TREMÉ FRENCH NEIGHBORHOOD QUARTER

Bourbon Street Saenger Aquarium of Theatre North Rampart Street The Shops at the Americas SITE Canal Place

Canal Street Canal Street Harrah’s VA Hospital Casino (Under Construction) The Outlet Collection at Riverwalk Tulane Avenue

University Medical TulaneCenter Avenue Poydras Street (Under Construction)

North Claiborne Avenue (Interstate 10) (Interstate Avenue North Claiborne CBD Ernest N. Morial Convention Center South Market District BIOMEDICAL (Under Construction) Julia Street WAREHOUSE / Art Museums DISTRICT ART / MUSEUM Port of New Orleans Poydras Street Cruise Ship Terminal Mercedes-Benz Loyola Avenue DISCTRICT Superdome LSU Medical Center SPORTS & Contemporary Arts Center ENTERTAINMENT Ogden Museum of Southern Art DISTRICT National World War II Museum Smoothie King Center Mardi Gras World Pontchartrain Expressway (Highway 90)

www.StirlingProperties.com Joe Gardner The foregoing is solely for information purposes and is subject to change without notice. Stirling Properties makes no representations or warranties regarding the properties or infor- [office] 504-523-4481 [direct] 9504-620-8140 mation herein including but not limited to any and all images pertaining to these properties. It is the obligation of each purchaser/lessee to investigate the condition and attributes of the properties and to verify the accuracy of the foregoing information to the extent such purchaser/lessee deems necessary. Also subject to errors, omissions, changes in terms and [email protected] conditions, prior sale, lease or withdrawal, without notice. 04/14 BROKERS NETWORK JUNG HOTEL REDEVELOPMENT Lat: 29.97101 Long: -90.08733 Zoom: 15.35 mi 1500 Canal Street NEW ORLEANS, LOUISIANA Street Atlas USA® 2008 Plus Biomedical New Orleans Summary Site Plan AREA OVERVIEW District Map District map DEMOGRAPHICS Lat: 29.97349 Long: -90.10186 Zoom: 15.35 mi

Traffic Count Map 1, 3, & 5 Mile Radius Trade ARea

109,923 (ADT 2010)

20,480 (ADT 2012) 21,049 (ADT 2012)

11,454 (ADT 2008) Logos are for identification purposes only and may be trademarks of their respective companies. Logos are for identification purposes only and may be trademarks of their respective companies.

23,579 (ADT 2012) 15,454 (ADT 2013) 31,084 (ADT 2008)

DEMOGRAPHICS - 2013 ESTIMATES 1 mile 3 MILE 5 MILE Trade Area

POPULATION 22,779 165,751©2014, SITES USA Inc., Chandler, AZ 343,361 (480) 491-1112. All Rights Reserved. 242,695 4036 Canal St AVG. HOUSEHOLD INCOme $48,138 $63,186 $66,826 $65,872 New Orleans, LA 70119

Data use subject to license. TN Scale 1 : 8,800 0 200 400 600 800 1000 ft © 2007 DeLorme. Street Atlas USA® 2008 Plus. MN (0.3°W) m 0 80 160 240 320 400 April 2014 www.StirlingProperties.com©2013, SITES USA Inc., Chandler, AZ (480) 491-1112. All Rights Reserved. www.delorme.com Joe Gardner 1" = 733.3 ft Data Zoom 14-5 The foregoing is solely for information purposes and is subject to change without notice. Stirling Properties Trademakes no representations Area or warranties regarding the properties or infor- [office] 504-523-4481 [direct] 9504-620-8140 mation herein including but not limited to any and all images pertaining to these properties. It is the obligation of each purchaser/lessee to investigate the condition and attributes of the properties and to verify the accuracy of the foregoing information to the extent such purchaser/lessee deems necessary. Also subject to errors, omissions, changes in terms and [email protected] This map was produced using data from private andconditions, government prior sources sale, deemed lease to beor reliable.withdrawal, The information without herein notice. is provided 04/14 without representation or warranty New Orleans, LA BROKERS NETWORK

September 2013

This map was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty