Canal Street Beat | New Orleans Real Estate News

Construction Well Underway On Tulane’s Yulman Stadium

December 2, 2013 • Construction, Sports & Specialty • 5082

Tulane is making significant progress on the construction of its new $72 million, 30,000 person seat football arena, Yulman Stadium. Reports are that construction alone will cost $63.5 million, and the remainder will be eaten up by soft costs. The major donors are Tom and Gayle Benson ($7.5 million to name the field), Jill and [&hellip
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Pontchartrain Housing Corp. Moves Forward With New 37,000 sf Head Quarters

December 2, 2013 • Commercial, Construction, Development, Mid-City, Office • 4405

The Pontchartrain Housing Corp., a non-profit manager of affordable housing the Archdiocese of New Orleans, is building its new 37,000-square-foot corporate office building on a vacant parcel of land at 3900 Howard Ave. The site used to house a warehouse, but those improvements were demolished in 2012. Pontchartrain Housing Corp. purchased the property for $1.198 [&hellip
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Blighted Algiers Condos Finally Demolished

December 1, 2013 • Public Development, West Bank • 1966

Algiers residents who worked for 6 years to to get the blighted condos at 1100 Patterson Road demolished finally saw the fruit of their labor last week when the 30 unit condos building was destroyed within a few hours. “We never gave up,” says Skip Gallagher, a Board Member and former President of the Algiers [&hellip
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Strong Demand For Multi-Family Apartments Will Continue Into 2014

November 29, 2013 • Multi Family • 6859

Larry G. Schedler & Associates, Inc. just released its 22nd issue of the Greater New Orleans Multi-Family Report, which surveys rental and occupancy data from 130 properties, comprised of 30,423 units located in eight submarkets. The survey focused on market rate properties which are well managed and fully operational covering a wide age spectrum. In [&hellip
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Fowler Plans Five-Story Condo Building For Oak Street

November 27, 2013 • Carrollton, Condos, Development, Uptown • 3012

Developer George Fowler IV has plans for a five-story condo building with a large ground-floor commercial space on Oak Street. Plans call for 3,000 square feet of commercial space on the ground floor with 46 parking spaces, and 24 condo units in four floors above in a building called Oak Lofts. Fowler says his ideal [&hellip
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Southern Theatres Newly Built Kenner Multiplex To Open Dec. 12

November 27, 2013 • Development, Retail • 3008

New Orleans-based Southern Theatres will open its newly built multiplex — the Grand 14 Esplanade — on the evening of Thursday, Dec. 12. The Grand 14 Esplanade will feature all stadium-seating auditoriums with digital projection and 3-D capabilities. Plans call for one “premiere” auditorium with a three-story-tall screen and “a fully immersive digital projection and [&hellip
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Tiffany & Co. Jewlery Opens at Canal Place

November 27, 2013 • Central Business District, Retail • 3151

Tiffany & Co., the world’s second largest luxury jewelry retailer, opened its first New Orleans jewelry store at the Shops at Canal Place on Wednesday. The 3,900-square-foot store includes bridal, fine and fashion jewelry sections. The new store, in space formerly occupied by Mignon Faget, employs 21 people. Jeweler Mignon Faget moved into a new store [&hellip
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18,000-square foot Fulton Alley Opens Downtown

November 27, 2013 • Central Business District, Development, Food & Beverage, Retail, Warehouse District • 4237

Fulton Alley, the high-end bowling alley on the ground floor of Harrah’s Casino parking garage at 600 Fulton, has opened with a bang. Developers Kyle Brechtel (Brechtel Hospitality), Neal Bodenheimer (Cure) and Kirk Estopinal (Cure) put a lot of money and touch into the beautiful 18,000-square foot, 12-lane entertainment center. Bodenheimer and Estopinal created the [&hellip
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Fremaux Town Center Grand Opening Set for March 2014

November 27, 2013 • Development, Northshore, Retail • 2283

Stirling Properties continues to make progress on its new Fremaux Town Center shopping center in Slidell, Louisiana. Exterior color finishes are being added to the buildings and the Shopping Center’s pylon is rising from its base. The parking field is defined with asphalt, and the lot lighting and landscaping are being installed. The interior work [&hellip
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72,000sf Harahan Office Park Sold For $5.6M

November 26, 2013 • Commercial, Investment, Jefferson Parish, Office • 2017

Vincent Saia, owner of Harahan-based Roofing Products & Building Supply, purchased the 72,000 sf Elmwood Oaks Office Park in Harahan for $5.6. The four-building office park consists of 72,000 leasable square feet and is currently 90 percent occupied. Tenants include GE, Eastern College, Fromherz Engineers & Families Helping Families of Jefferson. Built in 1975 and [&hellip
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