http://www.nola.com/business/index.s...under_way.html
The Blue Plate building conversion has begun, and the first units scheduled for occupancy March, 2012.
It's sort of bittersweet in my opinion. I love the building, but wish New Orleans had more manufacturing jobs and less subsidized rental units. Nevertheless, I'm confident this conversion will be well-done, and certainly a big gain for the neighborhood.