New Orleans developer buys downtown Opportunity Zone property for mixed-use remodel

One of downtown Houston’s oldest buildings has been sold to a New Orleans-based company that plans to convert it into a mixed-use multifamily property.

NORF Cos. — which stands for New Orleans Redevelopment Fund — paid an undisclosed amount to acquire the building located at 1014 Prairie St. from Houston-based Friedman Prairie Associates, according to a news release.

The three-story structure was built around 1895 and features a Romanesque Revival building facade. The building is located…