The South Market District is a mixed-use, transit-oriented development combining luxury apartments with retail, restaurants and entertainment venues in the heart of downtown New Orleans. The South Market District encompasses a five-block area that represents the best development opportunity downtown. Located across Loyola Avenue from the Superdome and New Orleans Arena, the site connects the Central Business District, historic Warehouse/Arts District and the Sports Entertainment District. Featuring modern architecture that will compliment its historic surroundings while maximizing 'green' and sustainable design, the district will include 170,000 square feet of retail and restaurant7 space including a 40,000sf upscale grocer, 500 luxury apartments and condominiums and 1,300 garage parking spaces. The project is projected to have a $1.6 billion economic impact within the first 15 years of operation. The development will utilize New Markets Tax Credit-enhanced debt financing, private equity and various city, state and federal incentive programs.