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Developers are hoping to build a newborn city along the Mississippi River with New Orleans condos. The Creole neighborhood of Vieux Carre, built long ago by the French at a bend in the Mississippi, managed to avoid the ravaging floods of Hurricane Katrina because of its place on higher ground. With many people struggling to find ways to revitalize commerce in the area, New Orleans condos are creating properties near the waterfront to lure people back into the historic heart of the city. Several different developers have plans to build New Orleans condominiums along the Mississippi River.

The Port of New Orleans signed an agreement in 2006 to open up four miles of property on the riverfront for development, such as new condos. The new development also includes a new park, which will replace wharves. The development of New Orleans condos and other new retail businesses is being helped along by government subsidies and approximately $50 billion in private insurance payouts. The New Orleans condos for sale will bring business back into the economically damaged city. Mayor Ray Nagin is predicting an “explosion of growth,” particularly in the downtown New Orleans area.

Nagin, who was re-elected last April, finalized plans for the Bring New Orleans Back Commission to encourage neighborhood development. Developers of new condos in New Orleans are hoping residents will take a look at that are closer to the historic heart roots of the city. The Mississippi River waterfront is one of the most famous landmarks of the city, and holds some very aesthetically pleasing pieces of property. New Orleans condos in this area will be joined by shops, hotels, restaurants and performance venues.

“This is a giant step in a city that understands what its core business is "food, music, the riverfront, culture, architecture,” said Sean Cummings, executive director of the New Orleans Building Corporation. Cummings believes the New Orleans port deal will open up many millions of dollars in development. A riverfront park that the Trust for Public Land long rallied for will also be taking shape over the next five years. This should also attract new condos to the area. The development of high rise New Orleans condominiums along the Mississippi River could enable the city to fit the same amount of people that lived there before Hurricane Katrina to live on about half the space. New Orleans condos should also allow many people who lost their homes to return to home ownership in the city. There are plans for many affordable New Orleans condos that will be much less expensive than a new detached home.