Hilco Real Estate Sales is pleased to announce its continued participation with the New Orleans Redevelopment Authority (NORA) and their upcoming online auction of 100± vacant land parcels. Bidding will begin at 8:00 a.m. (CT), Tuesday, June 17, 2025, and conclude between 12:00 p.m. and 6:00 p.m. (CT) on Wednesday, June 18, 2025.
This next installment features 97 vacant residential lots and 11 non-housing development opportunities, all with opening bids starting at USD 4,000. The addition of these non-housing sites presents a unique opportunity for individuals, neighborhood groups and local organizations to transform underutilized parcels into key community assets such as impactful spaces such as community gardens, green spaces, playgrounds, pocket parks, art installations or other public-use projects that serve local neighborhoods. These parcels are ideal for enhancing the livability and sustainability of the surrounding communities, especially when acquired by adjacent property owners for expansion or beautification purposes.
“We are excited to expand this auction to include non-housing development options that can serve as catalysts for community connection,” said Brenda Breaux, executive director of the New Orleans Redevelopment Authority. “With the inclusion of these parcels, we’re encouraging innovative, community-driven projects that breathe new life into NOLA.” Fernando Palacios, strategic consultant with Hilco Real Estate Sales, added, “This auction offers buyers an accessible entry point into property ownership while also supporting broader city revitalization. It empowers New Orleans residents to invest in their neighborhoods through creative and meaningful uses of land.”
The properties are being sold on an “as-is, where-is” basis. Winning bidders are required to complete rehabilitation or construction within 18 months of closing. For properties with a non-housing development option, buyers must complete a non-residential use—such as a garden, green space or similar project—in accordance with the New Orleans Comprehensive Zoning Ordinance within the same 18-month period. All buyers must keep properties code compliant from the time of closing through project completion.
Prior to the auction, on-site inspections can be conducted at any time at the viewer’s leisure. Closing is required within 30 calendar days after the auction and financing will not be a contingency so buyers will need to know they can close on their purchase within the required timeframe and have available pre-approval for their own personal financing. Buyers must obtain and maintain flood insurance for any structures as a condition of closing.
There will be a virtual “Buyers’ Seminar” on Thursday, June 5, 2025, at 5:30 p.m. (CT). The terms and conditions set forth herein are for informational purposes only and shall not be deemed to be and are not intended to be a comprehensive or complete listing of the applicable terms and conditions. All potential buyers should read carefully the terms and conditions of the auction and sale set forth at official website hilcorealestatesales[dot]com.
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