Canal Street Beat | New Orleans Real Estate News

New Investments Boost Industrial Real Estate Market; Create Hundreds of New Jobs

May 28, 2014 • Industrial, Investment • 4401

A slew of new investments in New Orleans industrial and technology facilities worth tens of millions and several hundred new jobs will boost the local real estate market, particularly the industrial sector. According to CPExecutive, the investment with the biggest impact is TCI Plastics’ 500,000-square-foot logistics expansion at the Port of New Orleans. Parent company Jensen Cos. announced that [&hellip
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Everything You Wanted to Know About NOLA’s Office Market [Update 2014]

May 28, 2014 • Office • 3871

Earlier this year Corporate Realty, the New Orleans-based brokerage firm that’s known for its office leasing expertise, released its comprehensive report on everything you ever wanted to know about the Greater New Orleans Office Market for 2013. Doubling down on their office knowledge, the firm has just published an update to their report, releasing the 1st Quarter 2014 [&hellip
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Corporate Realty Gets The Nod For Water Campus, Bon Carré Businesss Center

May 27, 2014 • Baton Rouge, Office • 6992

New Orleans-based Corporate Realty Inc. has been chosen to lease the new Water Campus and the Bon Carré Business Center in Baton Rouge. Commercial Properties Realty Trust announced last week that it had selected Corporate Realty to represent its leasing needs. Commercial Properties is the real estate arm of the Baton Rouge Area Foundation and is developing and managing the Water Campus between downtown and [&hellip
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$11 Million Tulane Avenue Streetscape Kicks Off

May 27, 2014 • Mid-City, Zoning and Land Use • 12498

The $11 million streetscape project intended to beautify and improve almost 2 miles of Tulane Avenue between South Carrollton Avenue and South Claiborne Avenue has kicked off. A collaboration between the Department of Transportation and Development and the New Orleans Regional Planning Commission, the project designed to make the area more pedestrian and cyclist friendly. The [&hellip
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Developers Of 21-Story Canal Street Hotel Pull Their Proposal

May 23, 2014 • Central Business District, Development, Hotel & Hospitality • 4489

Wischermann Partners Inc. and Jayshree Hospitality LLC, the co-developers of the proposed 21-story, 373-room hotel at the corner of Canal and Tchoupitoulas streets, have withdrawn their plans. The proposal for the construction of the hotel involved the demolition of four historic buildings. The HDLC unanimously rejected their demolition request back in March, and the council [&hellip
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Cobalt Medical Breaks Ground on $22 Million Mid-City Rehab Facility

May 22, 2014 • Healthcare, Mid-City • 5604

Cobalt Medical Development, the Dallas-based private healthcare real estate development and investment company, broke ground on a new healthcare rehabilitation facility. The $22 Million development will result in a state-of-the-art medical facility and rehabilitation hospital treating traumatic brain injuries, concussions, Parkinson’s Disease, in addition to other in- and out-patient services. Cobalt will house 60 private [&hellip
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The Beautiful New Design for Retail at Magazine & Nashville! (PICS)

May 22, 2014 • Development, Magazine Street, Retail • 8144

A few months back the news broke that the three buildings at the corner of Magazine and Nashville (5727 Magazine Street) were to be reconfigured into a higher end retail development by developer Butler Callahan Holdings. At the time, the developer told neighbors that plans called for the new building entrances and larger windows to [&hellip
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Ritz-Carlton To Get $2 Million Upgrade

May 21, 2014 • Central Business District, Hotel & Hospitality • 5519

The Ritz-Carlton New Orleans Hotel is commencing a $2 million upgrade to the terra cotta façades of the two 100-year-old buildings that make up the hotel. Pascal Architects of New Orleans, the same firm that led the Ritz Carlton’s 2013 $14 million interior renovation, will be utilizing the original hand drawn blue prints of the [&hellip
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Construction Update (Pics): $100 Million Aloft Hotel & 225 Baronne Apartments

May 20, 2014 • Central Business District, Development • 13542

Left completely vacant after Hurricane Katrina, the historic 225 Baronne building was at one time the tallest building in New Orleans. Roughly 300 new downtown residents will live in the tower’s residential units, which will have premium views and condo-level finishes. The HRI Development will also feature a brand new 188 room Aloft Hotel and [&hellip
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The WTC Development Unraveling Explained

May 19, 2014 • Central Business District, Development, Public Development • 6256

A few weeks back we reported that negotiations between the city of New Orleans and developer Gatehouse Capital Corp. for the opportunity to redevelop the former World Trade Center building had ceased. Gatehouse Capital Corp. was selected by the city to redevelop the property in 2013. Gatehouse, in conjunction with local development partner DAG Development, had [&hellip
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