Canal Street Beat | New Orleans Real Estate News

$3.2 Million Mixed-Use Development Coming to 301 Magazine Street

July 29, 2014 • Central Business District, Development, Multi Family • 7589

A new mixed-use development is coming to the CBD. Purchased in 2010 by Simon Cho for $1.75 million dollars, his son Eric, on behalf of his father, is teaming up with Gibbs Construction on this $3.2 million renovation and redevelopment project, aided by state and federal historic tax credits, to expand the historic 1830s era [&hellip
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How Do we Know When The Post-Katrina Recovery is Over?

July 29, 2014 • Economic Development, Zoning and Land Use • 6181

Our friends over at Next City have put together some interesting thoughts on how to tell when the post-Katrina recovery is over. The gist, from a purely physical perspective the post-Katrina recovery process is nearly complete. FEMA has pumped large amounts of money into the city of New Orleans. Just in the last 4 years [&hellip
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$2 Million Dialysis Center Planned for West Bank

July 28, 2014 • News • 7997

Fresenius Medical Care North America, a Massachusetts-based company, plans to build a 7,700-square-foot medical facility at 957 Behrman Highway. The site is currently a vacant tract of land in Terrytown, on the West Bank. Fresenius has filed for a $1 million permit for construction of the new medical center. According to Jefferson parish conveyance records, [&hellip
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City Releases Final Draft of Comprehensive Zoning Ordinance

July 25, 2014 • Zoning and Land Use • 5940

After years, dozens of revisions drafts and neighborhood meetings, the New Orleans’ City Planning Commission released the latest draft of the Comprehensive Zoning Ordinance Wednesday (July 23). The new zoning ordinance is designed to govern real estate development across the city. The planning commission has scheduled public hearings on the latest draft for Aug. 26 and Sept. 9. The council [&hellip
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New 6 Story Apartment Building Planned for CBD [PICS]

July 24, 2014 • Development, Multi Family, Warehouse District, Zoning and Land Use • 8214

Developer Scott Begg plans to demolish a two-story warehouse at 611 Commerce Street to build a six-story apartment building with off-street parking. Begg and Metro Studio Architects have submitted plans to the Historic District Landmarks Commission’s Architectural Review committee. According to submitted plans, the current plan includes a 65-foot building with ground floor parking and five floors [&hellip
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O’Keefe Plaza Hotel Sells to NYC Investors for $10.75 million

July 23, 2014 • Acquisitions, Central Business District, Hotel & Hospitality • 6426

A New York real estate investment firm, the Garrison Investment Group, bought the O’Keefe Plaza Hotel in the Central Business District for $10.75 million this month. The six story, 129-room hotel is located at 334 O’Keefe Ave. The seller was Laxmi Hotel, LLC, which was controlled by the Chauhan and Kansagra families. Orleans Civil Court records show [&hellip
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The California Building To Get $15 Million Makeover Into 153 Apartments [PICS]

July 22, 2014 • Central Business District, Development, Multi Family, News • 10962

The 194,000-square-foot commercial building at 1111 Tulane Avenue known as The California Building will undergo a $15 million renovation into a 153 unit apartment complex with ground floor retail. The building, at the intersection of Tulane Avenue and South Rampart Street, changed hands in in 2013 for $4 million, according to Orleans Parish conveyance records. According to plans [&hellip
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Is The City About To Install Bike Racks Everywhere?

July 21, 2014 • Community Development, Transportation • 5924

Last week, the Landrieu Administration announced that it plans to install scores of more bicycle racks across the city and has asked for residents’ input on where those racks should be installed. “Bicycling is an important mode of transportation in New Orleans and we are committed to promoting this healthy and safe commuting option,” Mayor Mitch [&hellip
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Old Metairie’s Real Estate Boom

July 18, 2014 • Jefferson Parish, Residential • 5572

Like much of the rest of New Orleans, Old Metairie is experiencing a real estate boom, reports WWLTV. On the residential front, houses are flying off the market. Many homes are selling in less than three days. The increase of home sales is the result of medical professionals, scientists and researchers moving into the area. [&hellip
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Fresh Market To Open 19,000 Square Foot Metairie Location

July 16, 2014 • Jefferson Parish, Retail • 10158

The Fresh Market will open its first store in Metairie next year, reports the New Orleans Advocate. The grocery store will take over a 19,265 square foot space that formerly housed a Scandinavia furniture outlet across from Dorignac’s Food Center on Veterans Memorial Boulevard in Metairie. The shopping center that will house Fresh Market already includes [&hellip
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