New Orleans is starting to thrive once again after Hurricane Katrina flooded 80% of the city. Sean Cummings, CEO of Ekistics Inc., has developed 10 projects in the city, including condominiums, hotels and luxury lofts, adding to the revitalization of the city. Bloomberg had this to say about the city's rise from the ashes:
“In the past 12 months, I’ve seen a real shift,” Matthew Schwartz, principal and co-founder of developer Domain Cos., is quoted as saying. “The level of interest from institutional investors and private equity is pretty significant. They used to look at me in bewilderment when I talked about this city, asking me, ‘Why New Orleans?’”
