SMG - subsidiary of ASM Global - manages $450 million renovation of Caesars Superdome in partnership with the State of Louisiana, Louisiana Stadium, Exposition District & the New Orleans Saints
SMG, a subsidiary of ASM Global, manages $450 million multli-phase, mutli-year renovation of the Caesars Superdome in partnership with the State of Louisiana, the Louisiana Stadium and Exposition District and the New Orleans Saints. The renovation will be complete before the 2025 Super Bowl is hosted at the Superdome. Funding includes LSED funds, state capital outlay dollars and private funding from the Saints (including NFL G4 funding). Megan Riess represents SMG on the transaction.
SMG - subsidiary of ASM Global - finalizes project development agreement for the New Orleans Saints locker room renovation at the Caesars Superdome
SMG, a subsidiary of ASM Global, finalizes a project development agreement for the renovation of the New Orleans Saints locker room at the Caesars Superdome. Attorneys Megan Riess and Chelsea Fitzgerald are outside general counsel to SMG on all matters related to the management and operation of the Caesars Superdome and Smoothie King Center.
Home Bank acts as construction, mini-perm & bridge lender - financing the historic redevelopment of 714 Canal Place in New Orleans, LA
Home Bank acts as construction, mini-perm and bridge lender, financing the historic redevelopment of 714 Canal Place with retail commercial tenants and professionally managed short term rentals. Upon completion the project will contribute to the rejuvenation of historic canal street in New Orleans, Louisiana. Chris Wootten was lender counsel on the transaction financing, which also included historic tax credits.
Texas-based federal credit union - Credit Human -expands into New Orleans
Texas-based federal credit union, Credit Human, expands into New Orleans. Among other products, Credit Human provides tax credit bridge and construction lending for projects utilizing historic tax credits, low-income housing tax credits and renewable energy tax credits and incentives. Recent projects include the redevelopment of the Central Congregation United Church of Christ by NANO and the Community Lighthouse resiliency hub project by Together New Orleans. Megan Riess serves as lender counsel on the transactions.
Longwell Riess Client - Home Bank - serves as construction, mini-perm & bridge lender in redevelopment of historic monastery property in New Orleans French Quarter
Longwell Riess client Home Bank serves as the construction, mini-perm and bridge lender in the historic redevelopment of an historic monastery property in the French Quarter. Upon completion this creative and adaptive reuse of the historic premises will provide event space and residential units. Chris Wootten handled the transaction.
Longwell Riess Client - Clarity Development Company - develops historic Redfield Building in Omaha, Nebraska
Longwell Riess client Clarity Development Company develops historic Redfield Building in Omaha, Nebraska, using historic tax credits, PACE financing and commercial debt. Megan Riess represented the developer on the transaction.
Home Bank, NORA, and Stonehenge Capital -collaborate in redevelopment of the historic Dew Drop Inn - located in New Orleans, LA
Dew Drop Inn: Home Bank, the New Orleans Redevelopment Authority and Stonehenge Capital collaborate in the redevelopment of the historic Dew Drop Inn. Acting as lender and tax credit investor counsel, Megan Riess and Chris Wootten handled the transaction, which utilized state and federal new markets, state and federal historics, Community Development Block Grants and commercial bridge and permanent debt.
Longwell Riess Client - Clarity Development Company - develops Badgerow Building in Sioux City, Iowa
Longwell Riess client Clarity Development Company develops Badgerow Building in Sioux City, Iowa, using federal and state historic tax credits, tax increment funding, and bridge, construction and permanent loans. Megan Riess and Chelsea Fitzgerald represented the developer on the transaction.
Longwell Riess Client - GCHP - partners with Crescent Care for historic redevelopment of 2515 Canal Street property in New Orleans, LA
Longwell Riess client Gulf Coast Housing Partnership partners with Crescent Care as project borrower and non-profit sponsor in the historic redevelopment of property located at 2515 Canal Street, New Orleans. The $22,000,000 project was financed with federal new markets tax credits, federal and state historic tax credits, and a novel HHS loan product. Upon completion, the project will expand the clinical capacity and medical services offered by the Crescent Care organization. Kelly Longwell and Chris Wootten handled the transaction.
Longwell Riess Client - Buccini/Pollin Group -redevelops historic Market Street in Wilmington, Delaware
Longwell Riess client Buccini/Pollin Group redevelops historic Market Street in Wilmington, Delaware. Using federal and state historic tax credits, the Wilmington-based developer has completed a number of projects along the street in a multi-phased approach to invigorate and reinvent the city-center, including the redevelopment of the Chemours Building, Dupont Building, and the Quoin Hotel. The projects include offices, residences, hotels, a theater, retail and restaurant venues. Megan Riess and Chris Wootten served as special tax credit counsel to BPG on the transactions.
NORA & The City of New Orleans form innovative redevelopment partnership to facilitate redevelopment of city-owned properties for affordable housing and economic development
The City of New Orleans and the New Orleans Redevelopment Authority form innovative redevelopment partnership to facilitate the redevelopment of city-owned properties for affordable housing and economic development. NORA will act as long-term ground lessor to administer the redevelopment process of city-owned properties in public-private partnerships with private developers. Megan Riess represented NORA on City partnership and the redevelopment transactions.
NORA partners with the City of New Orleans, the Industrial Development Board of New Orleans, and Bayou Phoenix developer, to redevelop former Six Flags Site in New Orleans East
NORA partners with the City of New Orleans, the Industrial Development Board of New Orleans and Bayou Phoenix developer to redevelop the former Six Flags Site in the New Orleans East neighborhood. NORA will administer the development agreement with Bayou Phoenix and act as long term ground lessor to the private developer. Megan Riess served as representation for NORA.
Longwell Riess Client - AMCREF Community Capital -partners with Capital One to provide $13 million of NMTC financing to Impact Housing
Longwell Riess client AMCREF Community Capital partners with Capital One to provide $13 million of new markets tax credits financing to Impact Housing. The financing will be used to equip and operate a facility in Baxley, Georgia for the manufacture of modular housing units for sale and assembly in Georgia, Florida, and surrounding states. Longwell Riess attorneys Megan Riess and Chris Wootten represented AMCREF in the transaction.
Longwell Riess Client - AMCREF Community Capital -partners with U.S. Bancorp Community Development Corporation to provide $10 million NMTC financing to IntegriCo Composites
Longwell Riess client AMCREF Community Capital partners with U.S. Bancorp Community Development Corporation to provide $10 million of new markets tax credits financing to IntegriCo Composites. The financing will be used to expand IntegriCo’s operation of a manufacturing facility in Sarepto, Louisiana for the fabrication and manufacture of composite railway crossties and construction matting using recycled plastics. Longwell Riess attorneys Megan Riess and Chelsea Fitzgerald represented AMCREF in the transaction.
Longwell Riess Client - GCHP - continues Housing + Health developments at The Pearl in Jackson, MS
Longwell Riess client Gulf Coast Housing Partnership continues its housing + health developments at The Pearl in Jackson, Mississippi. The $28 million project utilized low-income housing tax credits and new markets take credits for an affordable housing and health care facility for seniors. Kelly Longwell, Ben Guider and Chris Wootten represent GCHP on the transaction.
Longwell Riess Client - SBP Inc. - St. Claude Gardens Project in New Orleans, LA
Longwell Riess client SBP Inc. receives award of tax-exempt bonds and 4% low-income housing tax credits for its second phase of the St. Claude gardens project in the Lower Ninth Ward neighborhood of New Orleans, Louisiana. The project is a 39-unit scattered site affordable housing development using Road Home properties, LIHTCs, tax-exempt bonds, HOME funds and solar investment tax credits. Megan Riess and Chelsea Fitzgerald represent SBP in the transaction.
Longwell Riess Client - MGM Development Group -begins Rapides Senior Living project
Longwell Riess client MGM Development Group, begins Rapides Senior Living project. The development will be a multi-phased senior community in Monroe, Louisiana, utilizing low-income housing tax credits. Kelly Longwell represents MGM Development on the transaction.
Longwell Riess Client - GCHP- partners to develop $80 million commercial project of old Brown’s Dairy site in New Orleans, LA
Longwell Riess client Gulf Coast Housing Partnership partners with Alembic Community Development to develop an $80 million residential and commercial project on the site of the old Brown's Dairy in New Orleans, Louisiana. The development will include 192 units of affordable housing as well as a health care and community facilities. Financing included low-income housing tax credits, new markets tax credits, community development loans and commercial debt. Kelly Longwell, Megan Riess, and Ben Guider represented the developer in the transaction.
Longwell Riess Client - Michael Echols & Echols Family - break ground on old Sugar Brothers grocery store and Opera House redevelopment
Longwell Riess client Michael Echols and the Echols family break ground on the redevelopment of the old Sugar Brothers grocery store and Opera House, built in 1894, and the adjacent Southern Hardware store in Monroe, Louisiana. The development will utilize low income housing tax credits and historic tax credits and will produce the first new hotel development the city has seen in decades. Kelly Longwell represents the developer on the transaction.
Longwell Riess Client -Brownstone Development- Nathan Village Project
Longwell Riess client Brownstone Development closes on low-income housing tax credit financing for Nathan Village, a scattered-site mutli-family housing development in Ouachita Parish, Louisiana. Kelly Longwell represents the developer on the transaction.