731 St. Charles Avenue celebrates building progress with a pile capping ceremony recognizing the Rex Organization in this Biz New Orleans Daily Biz Minute.
Construction has started on a 67-unit upscale condo building on St. Charles Avenue, blocks from Lafayette Square in downtown New Orleans. Work is expected to finish in early 2019.
Work continues on a $40 million mixed-use development at the site where some of New Orleans’ first Mardi Gras balls were held.
The project at 731 St Charles Ave. held a pile capping ceremony Tuesday, with the Krewe of Rex contributing memorabilia to the development. The krewe held its first Reception Ball there in 1873. The building was known as the “Carnival Palace” from 1878-1906 for Rex and his royal consort.