Canal Street Beat | New Orleans Real Estate News

Developer Gregor Fox Buys State Palace Theater

August 8, 2014 • Acquisitions, Central Business District, Sports & Specialty • 7954

The State Palace Theater, a 1920s Canal Street theater that’s been out of commission since Katrina, has been purchased for $3.5 million. Real estate developer Gregor Fox bought the building, and told nola.com that it could take ten years and $10 million to get the theater fully renovated. In the meantime, it looks as if he will focus on renovating and [&hellip
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Cool Vintage Photos of New Orleans’ City Park

August 8, 2014 • Parks & Public Spaces • 8897

In honor of #ThrowbackThursday, Nola.com posted 55 pretty cool vintage photos of New Orleans City Park. City Park, with its 1,300 acres, is the sixth-largest urban park in the United States, half again as large as Central Park in New York City. City Park is approximately 50% larger than New York’s central park. City Park [&hellip
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New Renderings for South Market District Hotel

August 6, 2014 • Development, Hotel & Hospitality, News, Warehouse District • 12552

Last year, the Domain Companies announced plans to add a hotel to the growing downtown neighborhood. They purchased the old Max Barnett Furniture Store at 600 Carondelet Street for $5.5 million. Plans released show a complete overhaul of the existing 9 story structure as well as the adjacent one story building. Additional improvements include the [&hellip
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Latter & Blum Acquires Lake Charles Real Estate Firm

August 6, 2014 • Acquisitions • 5586

Latter & Blum Inc. has expanded yet again with the announcement that they have closed on the acquisition of Lake Charles real estate firm ERA Moffett Realty Inc. Chairman and CEO Bob Merrick stated in a news release that both companies “have a long tradition of serving the real estate needs of the energy sector.” The financial [&hellip
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Check Out South Market District’s Proposed “Parklet” [PICS]

August 6, 2014 • Parks & Public Spaces, Warehouse District • 8018

The South Market District, the Domain Companies’ $200 million retail and multi-family development in the warehouse district, is well under way. The development will feature furniture store Arhaus, a new parking garage, the city’s first car-share service, and 600 apartments. Now, you can add a “parklet” to the list of features. What, exactly, is a parklet? [&hellip
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American Can Apartments To Get Face Lift [Check out the Pics]

August 5, 2014 • Construction, Mid-City, Multi Family • 8123

In 2013, the 268-unit American Can Company Apartments sold for $30.8 million. The owner, Audubon Communities Management, told media outlets at the time that he had plans to give the complex a face lift. Well, the new owner recently filed a building permit for modifications and upgrades to the building. In particular, the new plans call [&hellip
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Three Retail Tenants Open at New Julia Street Development

August 4, 2014 • Retail, Warehouse District • 6068

Three new retail tenants opened this weekend at the new mixed-use development at 607-17 Julia Street, in the warehouse district. The new tenants are Prime Fitness at 607 Julia Street, Jed Malitz V2 Gallery at 615 Julia Street, and Galerie Rue Royale at 617 Julia Street. The project includes the redevelopment of a 1915 building [&hellip
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Demo Request For Oak Street Lofts Approved

August 1, 2014 • Condos, Development, Uptown, Zoning and Land Use • 5040

After a two week delay, a developer’s request to demolish a building to make way for the new Oak Lofts condo and gym complex were finally approved, clearing the way for the proposed development to begin construction. The four-story Oak Lofts condo project will replace the Amann & Associates building currently on the property, midway between Leonidas and Joliet [&hellip
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South Market District will feature car share service

July 31, 2014 • News • 4016

New Orleans’ first public car-sharing service will begin downtown this fall as part of the South Market District residential and retail development. Enterprise Rent-A-Car’s car share service, Enterprise CarShare, will provide online access to a fleet of shared vehicles for public use 24-hours-a-day. The car sharing service will open as part of The Park, a $21.3 [&hellip
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138 Room Hotel in Warehouse District Moves Forward [PICS]

July 30, 2014 • Development, Hotel & Hospitality, Warehouse District • 6762

HW Real Estate Development Corp. of Chicago plans to build a 138-room hotel and ground floor restaurant on a 26,000-square-foot L-shaped lot that faces Julia Street on one end and Baronne Street at the other. The current hotel design includes a three-story and four-story portion facing Julia Street, a five-story portion facing Carondelet Street and a six-story [&hellip
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