Green Coast Enterprises Breaks Ground on Community Green at Washington and Broad
28 Apr 2012
On April 25, developer Green Coast Enterprises (GCE), a longtime Broadmoor partner, celebrated the start of the Community Green project. The $8.7 million project will renovate three historical buildings in the Washington Avenue and Broad Street business corridor and will provide 28,000 square feet in available space, which is expected to inject new life into the area.
“This project never would have happened without the support of our community partners and our public and private investors who have chosen to see the potential in this location, a past and future commercial node for the city,” said Will Bradshaw, GCE president.
Funding for the project is a combination of private and public monies with the state providing $1 million in federal recovery money and additional $750,000 coming from the New Orleans Redevelopment Authority (NORA). Private lenders are supplying the lion’s share, $7 million, to the project.
When completed, Community Green will include a health clinic; a bakery; Hub New Orleans, which will allow office space for social entrepreneurs; the Broadmoor Improvement Association office, the Broadmoor Development Corporation office; a Global Green office and GCE’s office. There is still about 6,000 square feet of space available.
“NORA is excited to be a partner in this transformative project“NORA executive director Jeff Hebert said.“The commitment to health care, job creation and social entrepreneurship in this corridor is a great fit with our priorities.”
The health clinic will serve residents from at least five different neighborhoods including Zion City, Hoffmann Triangle, Freret, Gert Town and Broadmoor. GCE expects construction to be finished by the end of the year.