The long-vacant, century-old Hotel LaSalle is set to begin a new chapter with a transformative redevelopment project aimed at bringing attainable, high-quality housing and amenity-driven retail to Hammond’s downtown.
Region-based Moynihan Capital will convert the historic structure into 28 residential units, offering a mix of one- and two-bedroom apartments and at least 2 commercial tenants on the ground floor, one being a lively restaurant space. The 4M project will preserve the character of the original building while also introducing contemporary amenities designed to meet the needs of today’s residents.
“This development supports the long-term vision of our downtown revitalization with density and new amenities,” said Mayor Thomas M. McDermott, Jr. “Keeping the momentum going in our downtown is key to its ongoing vitality.”
“The former LaSalle building in downtown Hammond is a very unique building and I am pleased the City waited for right developers,” said Anne Taylor, Executive Director of Planning and Development. “The Moynihan family has been circling this building for years and the time was finally right to make the connection. This is a real win for our downtown.”
Dennis Moynihan, Partner, loves working in Hammond. “It’s such a great place to do business for so many reasons,” he said. “We’re looking forward to being part of revitalizing the downtown and providing new, quality rental housing and retail options with the renovation of former Hotel LaSalle.”
The Moynihan Capital team anticipates completing the project in less than 18 months from start to finish, enabling the property to quickly transition from vacancy to a productive community asset. The Moynihan family, traces its roots back to the Robertsdale neighborhood of Hammond in the 1930’s. This longstanding regional connection reflects a deep commitment to reinvesting in the local community and supporting its continued growth.
