by Jaquetta White

A selection committee on Friday narrowed the list of applicants in the running to develop two city-owned lots next to the Piazza d'Italia monument on Poydras Street from five to three companies. The lots now are used for surface parking.

The three firms — ICD Sitra, Chrysolite Management Group LLC and the joint venture of Carter, Majestic Realty Co. and Oakwood Development — will be invited to respond to a request for proposals to be issued next week. They then will have until Nov. 18 to present more detailed versions of their plans to convert the lots into mixed-use developments incorporating hotel, retail, residential or other components.

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Source: http://www.theneworleansadvocate.com/