Big changes on the way for Overton Square

(WMC-TV) – Big changes are coming to Overton Square

In the coming months, Overton Square will be transformed into one of the hottest spots in Midtown. But first there are a lot of improvements that will have to be made.

With lots of changes on the way, developer Bob Loeb with Loeb Properties, says Overton Square will soon become an active and exciting place.

"A healthy Midtown is essential to a vibrant downtown and the mayor has put a lot of effort along with his innovation delivery team into studying how to improve the Madison corridor," said Loeb.

Loeb says his company plans to invest about $20 million to revive this arts and entertainment district. It is a plan that includes redesigning several existing buildings.

Loeb announced its first lease for the square two weeks ago with the signing of Local Gastropub in the space that housed Yosemite's Sam's for nearly four decades.

He is also in discussions with Boscos next door about a possible expansion.

"We'll divide it into two spaces. The little white ginger bread house will separate from the original Paulette's and put up a patio up from the white house and a patio on the eastside of the Paulette's building," Loeb explained.

Other improvements will be made to the parking for Le Chardonnay and Bayou Bar and Grill, Malco Studio on the Square Cinema, and the old United Housing space.

And that's not all.

Some new additions to Overton Square will include a three-level, 450-space parking garage, construction of the new Hattiloo Theatre, and developing the former French Quarter Suites Hotel into an arts-central, boutique hotel.

Construction on the new parking garage could begin as early as July. Construction on the new Hattiloo Theatre is expected to start in about six months