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New Orleans Rolling in Katrina Cash Sees Rebirth: Real Estate

Sean Cummings has developed 18 New Orleans projects, including condominiums, hotels and luxury lofts with floor-to-ceiling windows at a former rice-processing plant in a gentrifying neighborhood. Up next: a residential complex planned for a weed-choked lot currently home to an abandoned school bus.

“New Orleans was once unappealing to many investors because it was thought of as a giant bar,” said Cummings, the 48-year-old chief executive officer of Ekistics Inc. and a native of the city. Today, “more and more people choose the city for its quality of life. New Orleans has a lot to offer. It’s sexy, it’s vibrant, it’s full of life.”