Canal Street Beat | New Orleans Real Estate News

Check Out These Aerial Photos of South Market District’s Construction

April 10, 2014 • Construction, Warehouse District • 6469

The Domain Companies have been working hard on construction at the South Market District and construction is moving right along. The $200 million mixed-use development off the Loyola Avenue streetcar line will eventually encompass 600 apartments, 170,000 square feet of retail space consuming four blocks, a parking garage, and a hotel. We know that furniture [&hellip
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Corporate Realty Tops List of CoStar Power Brokers

April 9, 2014 • Awards & Recognition • 5866

Corporate Realty topped the list of New Orleans firms and agents honored to be included in the 2013 Power Broker Awards by the CoStar Group. CoStar Group is a commercial real estate research firm that gives out annual awards to firms and individual brokers who closed the highest transaction volume in commercial property sales or [&hellip
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Are There Really 200 Urban Gardens Across New Orleans?

April 9, 2014 • Community Development, Zoning and Land Use • 5852

We all know that Hurricane Katrina left thousands of empty lots across the city. Most of us know that many of those lots are blighted and filled with overgrown weeds. And some of us know that there have been efforts to create urban gardens on those lots. But 200 of them? Really? The Times-Picayune reports [&hellip
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Demolition Underway at Lee Circle Site (PHOTOS)

April 8, 2014 • Central Business District, Construction, Office • 6793

In February we reported that a demolition permit was pulled for the old shell station at Lee Circle (919 St. Charles Avenue), which had been vacant since Katrina. It looks like two weeks ago, construction crews started the demolition on the site. The parcel is being cleared for the new three-story office building for the [&hellip
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Want A Behind The Scenes Tour of the New Hibernia Tower? Here is Your Chance

April 8, 2014 • Central Business District, Development • 8562

Standing at 23 stories and towering 335 feet above the city, the “Hibernia Tower” was the crown jewel of the downtown New Orleans skyline since it opened in 1921. Designed by prominent architecture firm Favrot & Livaudais, the landmark New Orleans property was the city’s first modern skyscraper. It was a cutting edge, state-of-the-art building [&hellip
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$20 Million Elk Luxury Lofts Scheduled To Open This Summer

April 7, 2014 • Central Business District, Development, Multi Family • 8067

The new 144 Elk Luxury Lofts, located at 144 Elk Place in Downtown New Orleans is nearing completion and expected to open this summer. The $20 million residential development project is a 240,000 square-foot building and will feature 96 luxury apartments, seven floors of indoor parking spaces and 8,500 square feet of ground floor retail [&hellip
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12 Room Boutique Hotel Coming to Mandeville Lakefront

April 7, 2014 • Development, Hotel & Hospitality, Northshore • 6823

The Times-Picayune reports that developers are planning to build a small, 12-room boutique hotel on a vacant lot on the Mandeville lakefront. The location sits next to The Barley Oak and plans have already been approved by the city’s Planning Commission. The plans call for a 6,900-square-foot building with 12 rooms. The hotel will not [&hellip
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NORA Secures Bids On All 136 Auction Properties With Value Of $6.4 million

April 4, 2014 • Community Development, Parks & Public Spaces, Public Development • 6183

The New Orleans Redevelopment Authority (NORA) held an auction on March 29 where they put up for sale 136 properties out of their land bank of thousands. At the auction, NORA recieved bids for every single property that went up for sale. If the bids close, the total sales are expected to pull in $6.4 [&hellip
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Stirling Acquires 246-unit Ansley Place Apartments in Houma, LA

April 3, 2014 • Acquisitions, Multi Family • 8511

Stirling Communities II, LLC, an entity of investors led by Stirling Properties, acquired Ansley Place Apartments in Houma, Louisiana. Ansley Place is a 246-unit “Class-A”, luxury garden-style apartment community located at 100 Ansley Place Court in Houma. Built in 2008, the Property encompasses thirteen (13) two- and three-story apartment buildings, one (1) single-story leasing office, [&hellip
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AirBnB Starts Collecting Hotel Tax in SF. Is NOLA Next?

April 3, 2014 • Hotel & Hospitality • 6349

Airbnb announced on its blog a few days ago that it will start collecting San Francisco’s 14 percent hotel tax on behalf of landlords. This moves the company one step closer to compliance and is likely to begin silencing critics, mostly in the hotel industry, who claim that they are unfairly dodging the taxes that [&hellip
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