Developer Mike Wampold will be listing three of the seven buildings that are part of the former Hancock Whitney Bank. The complex includes two historic office buildings and each of the buildings will be sold separately.
The developer is asking a whopping $14 in total for the buildings. Each building is listed as follows, the Barnes Building at 201 Camp Street is listed at $3.9 million, the Norman Mayer Memorial Building at 211 Camp St will be listed at $6.4 million and the two connected buildings at 218 St. Charles Ave will be listed at $3.45 million.
Even though Wampold is selling the three buildings, he still plans to develop the 111-year-old building into a mixed used development. The fourteen story building will have a boutique hotel, apartments, ground floor retail space and restaurant space. The three buildings that he will sell were never part of the original development plan.
“We’ve been holding this property for more than three years. We decided to list them and we will just see what the market brings,” says Wimpold.
The three buildings that will be up for sale represent some of the most iconic examples of the late 19th-century architecture in the city.The Norman Mayer Building is especially noted due to its Beaux Arts style, according to the Historic Districts Landmarks Commission. The buildings are currently zoned for commercial use.
“They could be marketed as rentals, condos. They lend themselves to multiple options for development. I just don’t think we are going to be the ones to do it,” replies Wampold.
“I am accustomed to it taking time to fulfill my vision for a property. Of course, when we bought this property we didn’t expect a two-year shutdown, followed by inflation and higher interest rates. It has been a really interesting environment to develop in. But we are optimistic about the New Orleans market and are moving forward,” said Waldrop.