News & Press
Carpenter & Company, Inc. has successfully developed projects valued today at more than $1.5 billion and currently has under development projects totaling an additional $770 million. Recently, Carpenter & Company worked with Citi Private Bank to successfully raise $800 million to fund the One Dalton Project in Boston, in record time, from the wealthiest people in the world; people who will reinvest in the community.
“We will bring this same enthusiasm and commitment to the New Orleans community.”
Dick Friedman, president and CEO – Carpenter & Company, Inc.
From the stoops of Treme to Garden District mansions to French Quarter balconies and City Park oaks, New Orleans neighborhoods possess a special magic all their own. Just as every New Orleans Faubourg has a unique personality, so does every Four Seasons.
Four Seasons Hotels and Resorts operates 95 distinctly iconic five-star hotels and resorts in choice destinations worldwide. Travel + Leisure and Zagat Survey rank Four Seasons at the very top of the list of luxury hotels worldwide, while the readers of Conde Nast Traveler have voted the Four Seasons Tented Camp Golden Triangle in Thailand as their favorite in the world for three consecutive years.
There’s only one New Orleans, and Four Seasons Hotel and Private Residences New Orleans promises to be one of a kind as well.
Only the world’s greatest cities are home to Four Seasons. New Orleans has always deserved to be among them, but it had to be the right time, the right place. It had to be 2 Canal Street, on the famous streetcar line, with awe-inspiring views of the Mississippi River.
Plans for what will clearly be the finest hotel in the city call for 336 guest rooms, 80 condominiums, a signature restaurant, 28,000 square feet of meeting space, a Four Seasons spa and fitness center, and a roof-top pool and deck.
For many, the most distinctive feature of the historic landmark World Trade Center is the two-story rooftop cupola. Originally a restaurant in the round, this space would become a spectacular sightseeing attraction – a celebration of African American culture in Louisiana – the music, the food and the traditions. Henry Louis Gates, the distinguished professor of African and African American Research at Harvard University, will collaborate with Tulane’s Lawrence Powell to create a rooftop cultural exhibit and observation deck.
Guests will be able to take express elevators to the 33rd floor for breathtaking, panoramic views of the city and the river. This view is too grand not to be shared with the public.
450 Permanent Full-Time Jobs
$10 million annually in Property and Hotel Occupancy Tax Revenues
$405 million in Tax Revenues Over the Life of the Lease in 2015 Dollars
Commitment to 35% DBE Participation
Meaningful Contract Opportunities for DBEs
1,620 Jobs During Construction
New Orleans has always been able to attract talent. The Two Canal Owner LLC team includes team members highly experienced in all of the major disciplines required to complete a project as unique as this one, including development, hotel operations, design, historic preservation and construction.
Founded in 1960, Four Seasons continues to define the future of luxury hospitality with extraordinary imagination, unwavering commitment to the highest standards of quality, and the most genuine and customized service. Currently operating 95 hotels and residences in major city centres and resort destinations in 39 countries, and with more than 60 projects in development, Four Seasons consistently ranks among the world’s best hotels and most prestigious brands in reader polls, traveller reviews and industry awards. For more information and reservations, visit fourseasons.com. For the latest news, visit press.fourseasons.com and follow @FourSeasonsPR on Twitter.
Mr. Friedman began developing hotels and mixed-use projects in the early 1970s. As president of Carpenter, he has developed numerous hotels, including the Liberty Hotel in Boston and the St. Regis San Francisco. Mr. Friedman is currently heading Carpenter’s development of Four Seasons Hotel and Residences at One Dalton in Boston. He has also developed numerous other projects, including office buildings and shopping centers. President Barack Obama appointed Mr. Friedman to the President’s Export Council, where he serves as cochairperson of a committee that deals with tourism and visa matters. Mr. Friedman also serves on or has served on numerous boards of directors including the Four Seasons Board of Directors, the Steppingstone Foundation, which assists low-income students in reaching higher education goals, and the John F. Kennedy Library Foundation.
“Carpenter & Company has assembled an outstanding team of experts in their field to redevelop 2 Canal Street as Four Seasons Hotel and Private Residences New Orleans. Four Seasons is the #1 luxury hospitality company in the world and will set a new standard of quality, service and maximum economic benefit to New Orleans.
Under Mr. Flower’s leadership, Woodward Design+Build, LLC, has grown to become one the largest design and construction organizations in the Gulf Coast region. Mr. Flower has a deep civic commitment to New Orleans, as a native son and prominent business owner. Mr. Flower serves on multiple advisory boards, including President’s Council at Tulane University and Georgia Institute of Technology’s School of Civil and Environmental Engineering. He is Chair of the Business Council of New Orleans and the River Region. Mr. Flower and his wife, Donna, also have established the Paul H. and Donna D. Flower Endowed Scholarship Fund at Dillard University, which awards a scholarship annually; Early Career Professorship in Tulane’s School of Science and Engineering; and have endowed the Donna and Paul Flower Hall for Research and Engineering.
“Woodward Interests is pleased to be a partner with Carpenter & Company, Inc. to redevelop 2 Canal Street. Our local and national team is highly experienced and will ensure that the Four Seasons Hotel and Private Residences New Orleans sets a new standard of first-class hotel, commercial and mixed-use development providing unprecedented quality and service to the city.
Lee Jackson has over 22 years of experience in the maritime industry and is a holder an unlimited Gross Tonnage License from the United States Coast Guard. He was recently appointed by the Governor of Louisiana to oversee the regulatory compliance of Pilots along the Mississippi River. Lee is a graduate of the Maritime Institute of Technology, New York Maritime and Kellogg Business School’s Advanced Management Program.
“As an equity investor and a minority business owner, I am thrilled to be part of a project that will bring Four Seasons into one of the most welcoming cities in the world. This projectpresents a unique opportunity for the city to combine it’s incomparable hospitality with the standards of quality and services synonymous with Four Seasons. This will create yet another landmark attraction for New Orleans.
Sherry Leventhal was born in New Orleans and graduated from Isidore Newman School in 1970. She received her BA from Northwestern University and her JD from Tulane Law School, where she was a member of the Tulane Law Review and Order of the Coif. She worked as a commercial and industrial real estate attorney at the firm of Lemle & Kelleher in New Orleans for 20 years, from 1977 to 1997. She currently serves as a vice chair of the Board of Administrators of Tulane University and is the chair of its Academic Affairs Committee. She also is a member of the Dean’s Advisory Board of Tulane Law School.
“As a native New Orleanian and an attorney with 20 years experience in commercial and industrial real estate law, I am excited to work with this amazing team of experts on a project of this caliber that will breathe new life into the New Orleans economy. As one of Fortune's 100 best companies to work for, Four Seasons Hotel and Private Residences New Orleans will bring over 450 new jobs into the City creating economic growth and opportunity for the community.
Robert Merrick oversees the oldest and largest commercial and residential real estate operation in the Gulf South. Latter & Blum Inc./Realtors and affiliates CJ Brown Realtors/Inc. and Noles-Frye Realty have 20 offices in areas that include greater New Orleans, greater Baton Rouge and Alexandria, and four franchises, three of which are in coastal Mississippi. As the largest third-party property manager in the area, Latter & Blum Property Management, Inc. maintains over 11 million square feet statewide, including commercial, industrial, multifamily communities, and single-family dwellings. As an active real estate investor, Mr. Merrick has been one of the leading developers of industrial real estate in the area. Not only has Mr. Merrick held active roles in business affairs, he has also held positions on the boards of numerous charitable and civic organizations. The American Red Cross honored Mr. Merrick as the 2005 Humanitarian of the Year.
“As the oldest and largest commercial and residential real estate operation in the Gulf South, Latter & Blum is proud to be a part of such a revolutionary project. We feel confident that anchoring the foot of Canal Street with a worldwide brand such as Four Seasons Hotels and Resorts will maximize economic benefits to the city, both by stimulating additional tourist and convention activity and by maximizing ground rent from the property.
As President and CEO of Coaxum Enterprises, Inc., Henry L. Coaxum, Jr., is a franchisee of McDonald’s restaurants in New Orleans. His career includes over 30 years in the hospitality industry, restaurant operations and training, and workforce development. He served as director of development for both the DuSable Museum of African American History in Chicago and the Amistad Research Center in New Orleans.
Mr. Coaxum serves as Chairman of the New Orleans Business Alliance, the city’s first-ever public-private partnership for economic development, and as Treasurer of the Hospital Service District Board that redeveloped the New Orleans East Hospital. He is a member of the board of trustees of GNO, Inc., and the Louisiana Restaurant Association’s Self Insurers Fund.
In recognition of his exemplary leadership in community volunteerism and philanthropy, he is a recipient of the United Way’s Alexis de Tocqueville Award, is a Laureate of the Junior Achievement Business Hall of Fame and was recognized by Talladega College with a Regional Outstanding Alumnus Award for sustaining the institution’s legacy through his continued financial support and recruitment efforts.
“New Orleans has been repositioned as the next great American city for business investment, quality of life and economic opportunity. I am proud and excited to be a member of the team that will become a catalyst for local wealth building with quantifiable jobs, competitive wages and professional services opportunities.
Building a development with/to the caliber of Four Seasons Hotel and Private Residences New Orleans will result in increased and better opportunities for local businesses, including opportunities for DBEs. The creation of meaningful contract opportunities for DBEs is a key priority of the Two Canal Owner LLC team. The team has a plan for identifying participation at all levels, including working with major subcontractors to adopt similar philosophies toward DBE participation. We are committed to meeting or exceeding the NOBC specified 35 percent DBE participation goal through early implementation of a strategic diversity and inclusion plan.
As part of our strategic diversity and inclusion plan, the Two Canal Owner LLC team will allocate several “critical path” responsibilities, assignments and contracts to DBEs that we will facilitate:
This form is an initial evaluation form and will be used for contact purposes. Interested firms can also submit a more detailed prequalification form.Download Evaluation Form
The Two Canal Owner LLC team strongly believes that the requisite talent exists in the local DBE community to surpass the required 35% DBE goal established for this project.