The recently-shuttered Check Point Charlie and a Frenchmen Street property on the edge of the Faubourg Marigny at the corner bounded by Frenchmen Street and Decatur Street, is slated to become part of a well-appointed boutique hotel, entertainment venue/jazz club. OffBeat has learned that a local musician is involved in the group that will be redeveloping the property. The project is apparently one that’s being undertaken by Galaxy Investment partners, a family business of New York private equity firm Fortress Investment Group, among others.
As reported by NOLA.com, there is a “preliminary deal to turn three buildings on the edge of the Faubourg Marigny” into a hotel project containing an entertainment venue that would be the gateway to the entertainment district on Frenchmen Street.
OffBeat reported on the relatively sudden sale of Check Point Charlie, at 501 Esplanade, last week.
The property at 500-504 Frenchmen was purchased in 2020 by the Motwani family, whose 2024 plans for a hotel never came to fruition, although they preliminarily installed scaffolding on the property that interfered with sidewalk traffic for well over a year, and allowed the exterior of the property to become dilapidated and scarred by graffiti, as foot traffic was impeded. There is also a non-historic apartment complex at 511 Esplanade Avenue that would be demolished to create a hotel kitchen, space, laundry and a mechanical area below a pool, patio and hotel rooms, but at press time apparently the property has not yet been acquired, which is a key part of the entire redevelopment.
Stay tuned, in the next weeks for forthcoming information.
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source www.offbeat.com ’
