Tulane Avenue is transitioning from a mixture of businesses operating out of shotgun houses, outdated hotels, bars, auto repair shops and bail bondsmen to a neighborhood of new multi-million dollar apartments and retail centers. This process is technically called "gentrification", where commercial real estate undergoes a change to a higher and better use.
Recently, the Time-Picayune newspaper discussed the changes in commercial real estate on Tulane Avenue with Louisiana Commercial Realty's president, Robert Hand.
Times Picayune Interviews Louisiana Commercial Realty On Tulane Avenue Commercial Property
