NEWS - JUNE 2016
Chun's Facilitation of Capri Motel Sale is Welcoming News Tulane Ave Business Owners and Neighbors
06/17/16 – Lucy Chun of RE/MAX Commercial Brokers, Inc. in Metairie, LA. facilitated the recent $3.3 million sale of The Capri Motel located at 2424 Tulane Avenue to new owners, who are associated with Frischhertz Electric on Toulouse Street. They recently filed an application to demolish the property, which is welcoming news to neighbors and local business owners in the area. The motel has been an eyesore and a location for illegal activity for years. There is no word as to what will be established on the lot if the Department of Safety and Permits approves the demolition request, but Lucy Chun feels this will be a great development opportunity. Tulane Avenue just welcomed the University Medical Center last year, and the new Veterans Affairs Medical Center will be opening later this year. This $100 million development of the Tulane Medical Corridor will help the economy and improve Mid City. The construction of the medical centers along with an $11 million beautification project to make the street more bicycle/ pedestrian friendly continue the revitalization of this area.
Lucy Chun has served many local cultural organizations including the Asian-Pacific-American Society, Asian-American Women Caucus, Chinese Professional Association, Organization of Chinese Women, LA. Taiwanese Chamber of Commerce, Asian Chamber, and the Chinese Association of New Orleans. She looks forward to bringing more Chinese investors to New Orleans.