Canal Street Beat | New Orleans Real Estate News

A New $.01 Sales Tax For Riverfront Development?

January 15, 2015 • Central Business District, Legal, Public Finance • 5024

Nola.com reports that City Councilwoman LaToya Cantrell is drafting legislation that would put a 1-cent sales tax on products sold at the Riverwalk Mall, apparently with support from the mall owners. The money raised would go towards supporting public infrastructure repairs in the area for things like pipes, streets, and sidewalks. The articles reports that this would be a component [&hellip
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Urban Land Institute Picks NOLA For $50,000 Competition

January 14, 2015 • News • 6891

A site in downtown New Orleans has been chosen as the site for the 13th annual Urban Land Institute (ULI) Hines Competition. The competition provides students with the opportunity to devise a comprehensive design and development program for parts of the Tulane/Gravier and Iberville downtown neighborhoods. The team with the winning proposal will be selected in [&hellip
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Check Out The Plans for Legacy Kitchen’s New Location in the Warehouse District

January 14, 2015 • Food & Beverage, Renovation, Warehouse District • 6993

This Spring Legacy Kitchen will be opening an outpost at 700 Tchoupitoulas St in the Warehouse District. The location will be in the former Rene Bistro/ La Cote Brasserie Space inside of the Renaissance Arts Hotel. According to construction plans filed with the city, expect a full overhaul of the space. Check out the floorplans below
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Check Out The New Plans For The St. Roch Market!

January 14, 2015 • Bywater, Community Development, Food & Beverage, Historic, Parks & Public Spaces, Public Development, Renovation • 10170

The developers behind the new St. Roch market filed electrical permit plans with the City this week. While these are not the full plans, there is enough here to get an idea of what the interior of the building is going to look like when open. The market will feature a juice bar, a salad [&hellip
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Kenner Seeking Developers for 15 Acre Waterfront Project

January 13, 2015 • Development, Kenner, Public Development • 9006

Kenner Mayor Mike Yenni‘s administration last week issued a request for proposals to develop Kenner’s Laketown on 15¾ acres along Lake Pontchartrain. The development site is owned by the state but leased by Kenner, and sits on the lakeside of the levee from the Pontchartrain Center, adjacent to the Treasure Chest Casino, Pontchartrain Center, Coconut Beach [&hellip
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$120 Million High-Rise Hotel at Canal and Tchoupitoulas Back In Action

January 13, 2015 • Architecture & Design, Central Business District, Development, Hotel & Hospitality, Zoning and Land Use • 14195

A developer’s plan to build a 21 story, $120 million hotel at the foot of Canal Street is back on the block after getting denied by the City to demolish 4 buildings on the site. The proposal was recently revived after seven months by City Councilwoman LaToya Cantrell, whose district includes the site. The original plan called [&hellip
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Crescent Rice Mill Building To Become New French Quarter Condos

January 12, 2015 • Condos, French Quarter • 5226

Developers Lori and Matt Mitchell have purchased the old Crescent Rice Mill Building with plans to turn it into high priced condos, Curbed reports. The Mitchell’s told Curbed that the property will feature “super high end” condos, priced between $700k to $2.5MM. The building is approximately 36,000 square feet. The Crescent Rice Mill Condos will include five rooftop penthouses, [&hellip
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Latter & Blum Continues Acquisition Spree, Buys Lake Charles Firm

January 9, 2015 • Acquisitions, News • 6813

Latter & Blum Inc. has acquired commercial real estate firm NAI Lake Charles, continuing the New Orleans-based company’s expansion with recent deals in Houma and Lake Charles. “The addition of our Lake Charles commercial firm will provide our Baton Rouge agents with more residential and commercial referral opportunities, while effectively addressing the need to maintain a [&hellip
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Investor Acquires Metairie Hotel for $11.9 Million; Rebrands As Wyndham Garden

January 9, 2015 • Acquisitions, Hotel & Hospitality • 6474

OM Capital NOLA LLC acquired the 220-room Four Points Sheraton hotel last month at the corner of Veterans Memorial Boulevard and Interstate 10 in Metairie for $11.9 million, according to a report by Nola.com. That puts the acquisition cost at slightly over $54,000 per key. The new owners re-flagged the property as to a Wyndham Garden. The [&hellip
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Whole Foods To Open Mandeville Location

January 8, 2015 • Northshore, Retail • 6475

Whole Foods Market has announced that they will open a store at the Premier Centre in Mandeville, a 273,000-square-foot shopping center near the intersection of U.S. Highway 190 and North Causeway Boulevard. The approximately 40,000-square-foot Whole Foods Market store, the first for Northshore of New Orleans, will offer customers a large selection of natural and [&hellip
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