Canal Street Beat | New Orleans Real Estate News

Pan-American Life Signs 10 Year Lease Extension at Poydras HQ

November 21, 2014 • Central Business District, Office • 5778

Stirling Properties and Pan-American Life Insurance Group (PALIG), a leading provider of insurance and financial services throughout the Americas, announced yesterday that they have renewed the lease on their 601 Poydras Street corporate headquarters office space through 2024. “601 Poydras has been home to Pan-American Life’s corporate headquarters since 1981,” explained José S. Suquet, Chairman of [&hellip
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World Trade Center Opportunity Draws 11 Developers

November 20, 2014 • Development, Hotel & Hospitality, Public Development • 7556

The vacant former World Trade Center building in New Orleans is getting ready to be redeveloped into a new riverfront property as developers bid to the city’s request for qualification. The city requires the existing building to remain and desires the space to be used as a first class commercial and/or mixed-use project, which may include a [&hellip
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Cambria Hotel and Suites Plans and Renderings (632 Tchoupitoulas Street)

November 19, 2014 • Architecture & Design, Development, Food & Beverage, Hotel & Hospitality, Warehouse District, Zoning and Land Use • 14525

The Cambria Hotel and Suites proposed at 632 Tchoupitoulas Street has undergone some modifications as a result of the height waiver compromise reached with the city council. Originally, the proposal was for a 9 story and 4 story segment. Under the new scheme the entire building will be 7 stories. Heres the description of [&hellip
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Tomorrow at the Westin: Everything You Need To Know Real Estate Development In NOLA

November 18, 2014 • Conference • 4189

The Urban Land Institute (ULI) will hold its annual “What’s Really Going On?” conference in New Orleans tomorrow at the Westin Canal Place. The conference features a panel discussing all of the development trends and projects under construction and planned for the immediate future throughout the city. They also give out a really great document [&hellip
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Lula Restaurant + Distillery (Plans and Renderings)

November 14, 2014 • Development, Food & Beverage, Garden District, Renovation, Zoning and Land Use • 9519

Lula is a new restaurant and distillery planned for the Halperns Furniture store at 1532 St Charles Avenue. Its part of the overall hotel project planned for that block that we wrote about a few months ago here. The project is currently in City Planning. Check out the plans below: &nbsp
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Offices at Mid- City Market (Planned Retail Office Expansion)

November 13, 2014 • Carrollton, Commercial, Mid-City, Office, Retail • 7435

Looks like Stirling Properties is planning an office/retail expansion next to their extremely popular Mid City Market. The planned expansion will be located in an old warehouse at 4141 Bienveille Street. Stirling is in talks with the city to purchase the right of ways in front of the building ( Conti Street). More details [&hellip
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Quality Inn Downtown Sells For $9 Million ($90,000/Key)

November 13, 2014 • Acquisitions, Hotel & Hospitality • 6100

According to Orleans Parish records, the Quality Inn at 210 O’Keefe Avenue was sold for $9 million on November 4, 2014. The hotel has 100 rooms, putting the deal at $90,000/key. The hotel sits at 59,127 square feet, 10 stories, and has a leased Subway franchise on the bottom floor. It was originally constructed in 1956 as [&hellip
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Wyndham Riverfront New Orleans Rebranded As Omni After Multi-Million Dollar Renovation

November 12, 2014 • Hotel & Hospitality • 5161

Omni Hotels & Resorts has announced the rebranding of the Wyndham Riverfront New Orleans. In a partnership with Riverfront Lodging, LLC, the hotel has been reflagged today as the Omni Riverfront Hotel. The hotel features 202 guest rooms and nearly 4,000 square feet of meeting and event space, along with the newly owned Fulton St. Bistro | [&hellip
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Stirling’s Landry Continues Streak, Closes on $15 Million More

November 12, 2014 • Acquisitions, Awards & Recognition • 4317

Stirling Properties’ Beezie Landry, Senior Sales and Leasing Executive, coming off a ridiculously fantastic September where he closed $38 million in sales, had another monster month – closing three deals for $15 million. The properties were in Baton Rouge, Lake Charles, and Montgomery, all with details below. Deals closed include: CVS 9006 Greenwell Springs Rd, Baton [&hellip
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Chicago Firm Acquires Old Pontchartrain Hotel

November 11, 2014 • Acquisitions, Garden District, Hotel & Hospitality • 7338

Chicago-based AJ Capital Partners purchased the old Pontchartrain Hotel on St. Charles Avenue last week, according to an article on Nola.com. The new owners are apparently planning to renovate and rebrand the 106 key hotel into a full service hotel. Iberiabank is providing financing for the $1o million renovation. AJ Capital Partners also teamed up with Cooper Manning, and [&hellip
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