Canal Street Beat | New Orleans Real Estate News

12 Story “Sliver” Building Planned For 309 Magazine

June 23, 2014 • Central Business District, Development, Multi Family • 7136

All that is left of 309 Magazine Street is an empty facade. But if developer-architect Trey Trahan gets his way, the vacant building built in 1854 will soon be home to a 12 story “sliver” tower. According to plans submitted to the city, an office building will be built at 309 Magazine Street with a 12-story [&hellip
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Carrabba’s Italian Grill Building New $1.4 Million Restaurant On Vets

June 20, 2014 • Jefferson Parish, Retail • 14601

Carrabba’s Italian Grill, the American casual dining restaurant chain that features Italian American cuisine, is building a new location at 4631 Veterans Boulevard for $1.4 million. This 8000 square foot restaurant is the chain’s first in New Orleans and joins locations in Baton Rouge, Shreveport and Lafayette. The new restaurant will bring 100 new jobs and is [&hellip
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South Market District Construction Update (PHOTOS)

June 19, 2014 • Central Business District, Development, News, Retail • 7189

The Domain Companies have been working hard on construction at the South Market District and construction is moving right along. The $200 million mixed-use development off the Loyola Avenue streetcar line will eventually encompass 600 apartments, 170,000 square feet of retail space consuming four blocks, a parking garage, and a hotel. It’s been confirmed that furniture store Arhaus will anchor [&hellip
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Hotel Occupancy Grows 4% In May

June 19, 2014 • Hotel & Hospitality • 6967

The booming hospitality market continues to grow, according to a new report from Tourism market research firm STR. STR’s May numbers were just released, showing that occupancy rates in the New Orleans metro area grew by 4 percent to 74 percent in May compared to the same time in 2013. The increase in rates led [&hellip
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Delgado Buys Land to Expand West Bank Campus for $1.27 Million, Reports NOLA.com

June 18, 2014 • Development, News • 4045

NOLA.com reports that Delgado Community College will be expanding its West Bank campus in Algiers by over two and a half acres at a cost of $1.27 million dollars. The land purchased sits on the former Naval Support Activity that is being redeveloped as the Federal City, an area that is part of the 51 structures and 118 [&hellip
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Exclusive: HVS Opens NOLA Office in Midst of Booming Hospitality Industry

June 17, 2014 • Hotel & Hospitality, News • 5636

HVS Global Hospitality Services is a consulting firm that specializes in providing services to the hospitality industry. The company has a global reach, spanning over 30 offices staffing by more than 400 industry professionals, and has just opened a brand new office in New Orleans. New Orleans native Adam Lair will be heading up the [&hellip
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NC-Based Toast Café Plans 6 New Restaurants For NOLA

June 16, 2014 • Retail • 4873

Photo via TripAdvisor Fresh off the heals of the announcement that Krystal is looking to open 15-20 restaurants in New Orleans over the next year and Bayou Burger has plans for another 5 restaurants in the metro area, the North Carolina-based breakfast chain Toast Café is currently eyeing real estate for expansion into the New Orleans market. CityBusiness [&hellip
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Tech Park Unveils 8,000 Square Foot State-of-the-Art Conference Center

June 13, 2014 • Economic Development, Public Development, West Bank • 4960

The Jefferson Parish Economic Development Commission (JEDCO) celebrated the grand opening of its new 8,000 square foot conference center with a ribbon cutting Thursday evening (June 12). The JEDCO headquarters is situated on the mostly undeveloped Churchill Technology and Business Park-owned land, which spans 500 acres. JEDCO and Jefferson Parish officials hope the state-of-the-art facility showcases the [&hellip
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Retail Watch: West Elm To Open On Magazine in July

June 13, 2014 • Magazine Street, Retail • 4841

West Elm, the national furniture and upscale retail store, will open at 2929 Magazine St. at the end of July, reports the Advocate. West Elm is part of a handful of new national chains coming to Magazine Street, along with all of the other activity in the corridor. The store at 2929 Magazine has been selected [&hellip
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Landrieu Kills Plan For New City Center At Charity Hospital Site

June 12, 2014 • Public Development, Public Finance, Zoning and Land Use • 6397

Mayor Mitch Landrieu has abandoned his $300 million plan to convert the old Charity Hospital building into a new City Hall and Civil District Court. On Wednesday, Landrieu said that a lack of state funding and a skyrocketing construction budget led him to kill the proposal. “The plans do not pencil out to build a new Civic Complex or [&hellip
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