New Construction Includes Raceway, Diesel Plant; HRI Properties Installs Solar Panels

By Amalia Otet, Associate Editor New Orleans will soon be home to the longest racetrack in North America. The new, $60 million NOLA Motorsports Park–currently under construction–will be located south of the TPC Louisiana Golf Course in Avondale, 14 miles from [...]

New Orleans will soon be home to the longest racetrack in North America. The new, $60 million NOLA Motorsports Park–currently under construction–will be located south of the TPC Louisiana Golf Course in Avondale, 14 miles from the New Orleans Central Business District.

The 750-acre venue will include exceptional amenities such as a signature restaurant, a 34,000-square-foot clubhouse/event center and dozens of lots for members to build upscale condominiums over the garages, as reported by the Times-Picayune.

In other news, HRI Properties, a full-service real estate development company and a national leader in the adaptive reuse of historic structures, recently installed solar panels at six of its developments in the New Orleans area, including the River Garden complex, the American Can Co. apartment complex in Mid-City, the loft-style apartments at the Blue Plate Foods building, a new apartment complex in Houma and a renovated historic building in Shreveport.

The endeavor is part of a $10 million project recently developed by the company. The newly installed equipment is expected to generate 1.05 megawatts of solar energy, which is enough to power about 250 apartments, according to a Times-Picayune story.

In addition, New Orleans City Business reports that site construction has started for the Diamond Green Diesel Plant, next to the Valero Energy Corp. oil refinery in St. Charles Parish. The facility, which is expected to produce about 9,300 barrels of biodiesel daily once in operation, is part of an extensive, $370 million project undertaken by Valero in a joint venture with Darling International Inc.

Construction is slated to be complete by the end of 2012.

Image courtesy of River Garden facebook page