Canal Street Beat | New Orleans Real Estate News

World Trade Center Goes Back On The Market

May 2, 2014 • Central Business District, Development, Hotel & Hospitality, Public Finance • 6644

Negotiations between the city of New Orleans and developer Gatehouse Capital Corp. for the opportunity to redevelop the former World Trade Center building have ceased. Gatehouse Capital Corp. was selected by the city to redevelop the property in 2013. Since then, the parties had been negotiating a potential deal. Negotiations, ongoing for over 6 months, [&hellip
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Everything You Ever Wanted to Know About NOLA’s Office Market

May 2, 2014 • Office • 4482

Earlier this week Corporate Realty, Inc., the New Orleans-based brokerage firm that’s known for its office expertise, released its second annual Greater New Orleans Office Market Report. The report contains statistics about the Greater New Orleans office market at the end of 2013 and does a pretty good jobof giving an overall understanding of the [&hellip
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Archdiocese Planning $15 Million Apartment Building in Lower 9

April 30, 2014 • 9th Ward, Development • 4141

The Archdiocese of New Orleans is planning to build a $15 million, 77 unit senior citizen apartment complex in the Lower 9th Ward, reports CityBusiness. The complex, to be known as Villa St. Maurice, was destroyed during Hurricane Katrina and later demolished. CityBusiness reports that the Archdiocese is currently seeking bids from contractors to build [&hellip
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City Council Shoots Down Bruno’s Granaio For No Good Reason

April 29, 2014 • Development, Warehouse District, Zoning and Land Use • 14074

Last week, developer Josh Bruno’s proposed $20 million, 18 story luxury apartment development the Granaio went in front of the city council for approval. Bruno was seeking a decision by the council to overturn an HDLC ruling that denied certain architectural features. Among them, Bruno was seeking a variance to allow him to build overhangs, [&hellip
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Gertler’s CBD Gallier Court Development Moves Forward

April 29, 2014 • News • 8505

Josh Gertler, ‎an associate at Gertler Law Firm and a New Orleans-based developer, is in the beginning stages of developing a mixed-use project at 127 – 129 Carondelet Street in the Central Business District. Gertler started his real estate career as an agent at Stirling Properties and he is now a broker and developer with [&hellip
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Franchisee Proposes Pizza Hut Restaurant for Carondelet Street Location

April 28, 2014 • Central Business District, Retail • 10713

The Pizza Hut franchisee for the Greater New Orleans area, Horizon River Restaurants, is proposing a new restaurant downtown near the intersection of Canal and Carondelet. Horizon River Restaurants became the new Pizza Hut franchisee for the New Orleans region after Pizza Hut corporate filed suit against their former franchisee, Lundy Enterprises. As part of [&hellip
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Feil Buys Long Dormant Jefferson Plaza Shopping Center, CityBusiness Reports

April 25, 2014 • Acquisitions • 7302

The long-dormant Jefferson Plaza Shopping Center is under contract to be purchased by The Feil Organization, City Business reported Friday. The Feil Organization, led by developer Jeffrey Feil, is a real estate investor and developer in New York with significant holdings throughout the greater New Orleans area, including Lakeside Shopping Center, the Costco store land, [&hellip
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Martin Wine Cellar Breaks Ground

April 25, 2014 • Construction, Retail, Uptown • 3562

After almost nine years closed since Hurricane Katrina, Martin Wine Cellar broke ground this week on a brand new Baronne Street location. Earlier this year Martin Wine Cellar owner Cedric Martin came out with the news that the famed Baronne Street location would be re-opening by September of 2014. The single-story, 14,025 square foot retail [&hellip
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Jefferson Wants To Spend $3.3 Million On This New Facility

April 25, 2014 • Healthcare, Jefferson Parish • 4297

Jefferson Parish is planning to build a 10,000 square foot senior living center at a price tag of $4.4 million. The parish is seeking state and federal money for the new facility, which would be located at 6640 Riverside Drive. The parish has requested $2.5 million from the state legislature. The parish’s $2.5 million request [&hellip
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CBD Transit Hub is On The Way! $500,000 Committed From The RTA

April 24, 2014 • Transportation • 5431

Ride New Orleans, the advocacy organization that seeks to promote safe, convenient and affordable transportation options for residents, has announced that they have secured $500,000 in funding for a new transit “hub” in the CBD. Last week,Ride New Orleans hosted a day of action in support of the CBD transit hub, placing 200 chairs along [&hellip
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