LA: New Orleans’ Lakeview Neighborhood Booming

New Orleans Real EstateSix years ago, Hurricane Katrina ravaged Lakeview. Floodwaters from the Aug. 29, 2005, storm breached the 17th Street Canal, leaving water standing as high as 10 feet throughout the neighborhood. The storm destroyed more than 9,000 homes and a way of life that began in 1835 when yachters, boaters and coastal traders developed the resort of New Lake End, now called West End.

Lakeview was among the neighborhoods most damaged by Katrina. But today, the community stands out for the economic rebirth it is experiencing even as a national recession has stymied growth around the country.

Though Lakeview’s population declined 35 percent between 2000 and 2010, home construction is booming. Property values are rising more steadily than in other parts of the metro area. And businesses continue to establish themselves in the Harrison Avenue area, turning commercial space along that corridor into a hot commodity.

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