Louisiana Central has highlighted the future of City Tower Alexandria following the announcement of a planned mixed-use, vertical subdivision concept for the 10-story downtown building.

The project is spearheaded by local developer and commercial broker Matt Ritchie, who led the charge behind the revitalized vision for the property. The acquisition of the building was finalized on July 31, 2026.

According to Louisiana Central, every floor of the downtown property is available for lease or purchase. The building is also eligible for historic tax credits, sits within an Opportunity Zone, and offers a prime location for investors, businesses, and entrepreneurs.

Louisiana Central said continued investment in the property, driven by Ritchie’s efforts, will help strengthen Downtown Alexandria and the broader Central Louisiana region.