Canal Street Beat | New Orleans Real Estate News

The WTC Development Unraveling Explained

May 19, 2014 • Central Business District, Development, Public Development • 6351

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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Fowler’s Four-Story ‘Oak Street Lofts’ Gets Green Light From Neighbors

May 19, 2014 • Architecture & Design, Condos, Development, Multi Family, Uptown, Zoning and Land Use • 7090

After months of figuring out the Oak Lofts, developers of the brand new four-story condo on Leonidas and Oak streets have finally finished their design process. They are seeking approval of the total size of the project itself. The development exceeds the 10,000 square feet that is allowed for that particular size of the lot. [&hellip
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Stirling Properties Acquires Mobile, Al. Real Estate Company

May 16, 2014 • News, Northshore • 6164

Stirling Properties, the Mandeville-based real estate development, brokerage, investment, and property management company, has acquired John Toomey & Company, Inc., a commercial real estate company based in Mobile, Alabama. Toomey’s current portfolio of 1.8 million square feet will be integrated into Stirling Properties’ portfolio bringing the total to 15.5 million square feet. John Toomey and his [&hellip
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Kirshman Plans Redevelopment of Frank’s Steakhouse on Freret

May 16, 2014 • Development, Uptown, Zoning and Land Use • 6953

Arnold Kirshman has been exploring a redevelopment plan for the former Frank’s Steak House building on Freret Street. The steakhouse is largest building remaining untouched on Freret street, which has seen a commercial renaissance in the last few years. Kirshman’s plan calls for a partial demolition and new construction to host commercial tenants in the [&hellip
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Newman To Build New $5 Million School Facility

May 15, 2014 • Construction, Uptown • 5258

Isidore Newman School will start construction soon on a $5 million, 25,500 square foot early childhood building, reports CityBusiness. The 25,500-square-foot GreenTrees Early Childhood Village will be built at the corner of Danneel and Soniat streets on the southeast corner of the campus near the site of the school’s existing early children’s center, Greenie House. [&hellip
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Liberty Bank Gets Into The Development Game

May 15, 2014 • Gentilly, Retail • 7301

Liberty Bank and Trust is getting into the development game, reports CityBusiness. The New Orleans-based bank has plans for a new $1 million building at 3002 Gentilly Blvd. that will include three 1,500-square-foot retail bays and a new Liberty Bank branch. Consultants and Builders Inc. of Norcross, Ga., is leading the design. The bank is [&hellip
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Torres & Khodr Purchase Board of Trade Building For $3 Million

May 14, 2014 • Acquisitions, Central Business District, Hotel & Hospitality • 8739

Developer Sidney Torres IV and restaurateur Hicham Khodr have formed a joint venture to purchase the New Orleans Board of Trade property in the Central Business District, reports CityBusiness. According to the Orleans Parish conveyance records, the transaction closed last week at a sales price of $3 Million. The building has been used primarily as [&hellip
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Want to Get a Look at the Future of the Bywater? Check Out This Event

May 13, 2014 • Bywater, Conference • 5376

Waaaaaaaay back when, the Bywater was primarily agricultural land. It attracted settlers of French, Spanish, Caribbean, Creole, African, and Native American decent. It is this deep tradition of diverse cultures that coalesced into the “Bywater” in the early 20th century. With the completion of the Industrial Canal, the Bywater saw continued growth during the 1980s [&hellip
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New Orleans Condos, Few Complexes Started out as Condos…Interesting Histories Indeed!

May 12, 2014 • Condos, Warehouse District • 8153

The Federal Fibre Mills at 1107 S. Peters was a rope factory completed in 1903. It made all sorts of ropes for the transportation industry and manufacturers that used rope. It was renovated in the early 1980′s to become a center piece of the 1984 World Fair that was held in New Orleans. The mono-rail ran [&hellip
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This CBD Building Is Getting Converted Into 12 New Apartments

May 12, 2014 • Central Business District, Development, Multi Family • 8803

530 Natchez Street, a vacant three-story building, will soon be converted into 12 luxury apartments by father and son developers Jonathan and Earl Weber. The building is roughly 19,000 square feet. Total new construction costs will be circa $1.8 million, or roughly $150,000 per unit. Financing includes the use of state and federal historic tax [&hellip
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