Based in New Orleans, Louisiana, HRI Properties (HRI) is a full-service real estate development company and a national leader in the adaptive reuse of historic structures. HRI’s mission is:
Revitalizing Cities by Creating
Diverse, Vibrant and Sustainable
Communities
"The appeal
of traditional downtowns – and the defining characteristic
that sets those that are successful apart from their suburban
competitors – is largely based on what can be summarized as
walkable urbanity."
"Fostering
such walkable urbanity is the key to the revival of any struggling
downtown. But doing so can be a challenging process, requiring the
development of a complex mix of retail boutiques, hotels, grocery
stores, housing, offices, artists’ studios, restaurants, and
entertainment venues. A critical mass of these pedestrian-scale
uses must be established as quickly as possible, before the initial
revitalization efforts stall for lack of support. This means making
certain that visitors can find enough to do for 4 to 6 hours; that
residents’ daily needs can be comfortably met; and that rents
and sales prices continue to justify new construction or
renovation."
"Ultimately
reaching critical mass means that the redevelopment process is
unstoppable and cannot be reversed. At that point, an upward spiral
begins to create a "buzz," increases the number of people on the
streets, raises land and property values, and creates more business
opportunity which means more activity and people on the street, and
so on. Simply put, in a viable downtown, more is
better."
The
Brookings Institution, Research Brief, March 2005
HRI
Properties acts as the lead developer in public-private
partnership to create the critical mass sufficient to assure that
the redevelopment opportunity in urban neighborhoods is
unstoppable. Two prominent examples of HRI Properties pioneering
neighborhood development include the Warehouse District in New
Orleans and the Historic Post Office District in St. Louis.
HRI’s work includes projects located in New Orleans,
Baton Rouge, Lafayette, Houma, New Iberia, Shreveport and Hammond,
Louisiana; Fort Worth and Houston, Texas; Winston Salem, North
Carolina; Omaha, Nebraska; St. Louis, Missouri; Jackson,
Mississippi; and Richmond, Virginia.
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