Canal Street Beat | New Orleans Real Estate News

Chicago Firm Acquires Old Pontchartrain Hotel

November 11, 2014 • Acquisitions, Garden District, Hotel & Hospitality • 7358

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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Riverwalk 99% Leased, Expecting NOI of $7.8 Million

November 10, 2014 • Central Business District, Retail • 6811

The Howard Hughes Corporation, the Dallas-based company that runs the Outlet Collection at Riverwalk in downtown New Orleans, reported its earnings today. Among other business, it said some interesting notes on how the Riverwalk is performing. The Company noted that when the development opened in May 2014, it was 99.2% leased. Most importantly, the Company [&hellip
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Mid-Town Hotel Back on the Market, Reports Mid-City Messenger

November 7, 2014 • Hotel & Hospitality, Mid-City • 4181

The Mid-Town Hotel New Orleans, the run down hotel located at 3900 Tulane Avenue, is for sale again, just after it was bought a year ago by an out of state purchaser, reports Mid-City Messenger. According to the article, Arizona-based M&S Hospitality company purchased the building last October for $1.7 million. Now, they have it on the [&hellip
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Food Port of New Orleans Breaks Ground

November 6, 2014 • Central City, Food & Beverage • 5737

Good Work Network kicks off construction of its newest project: Roux Carré, the Food Port of New Orleans. Roux Carré: The Food Port of New Orleans, is Good Work Network’s newest project. Roux Carré is an outdoor food court and gathering place that celebrates the African American, Caribbean, and Latin American traditions with culinary offerings [&hellip
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111 Iberville Hotel (Plans and Renderings)

November 4, 2014 • Construction, Development, Food & Beverage, French Quarter, Historic, Hotel & Hospitality, Renovation • 14704

Plans were filed with the city for a hotel development at 111 Iberville earlier last month. While I’m sure there will be some slight modifications to the overall plan before final approval is given, these plans give us a basic idea of what they envision for the property. Significantly, this will be the first new hotel allowed into [&hellip
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208 Bienville Development (Plans and Renderings)

November 4, 2014 • Condos, Construction, Development, French Quarter, Historic, Renovation, Residential • 11630

As part of the redevelopment of 111 Iberville Street into a new hotel, the city has required that the owners also redevelop the vacant building at 208 Bienville Street into residential units. Attached below are the architectural plans for the project: &nbsp
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First Look at The Hyatt House Hotel (1250 Poydras)

October 31, 2014 • Central Business District, Food & Beverage, Hotel & Hospitality, Investment, Renovation • 15700

Waypoint Lodging and Hyatt Hotels announced a couple weeks ago that they were bringing Hyatt House Hotel brand to New Orleans. Canal Street Beat covered that news in more depth in this article. Now we finally have an idea of the type of development they envision, since plans have now been filed with the City. [&hellip
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NORA Raises $6.7 million In Latest Property Auction

October 31, 2014 • Acquisitions, Public Finance • 5448

The city agency responsible for putting blighted buildingd back into commerce got bids on all properties it was auctioning off last weekend, for a total estimated $6.7 Million. In this auction, NORA sold off 88 houses and 41 vacant lots. These were all sold with no minimum bid! The New Orleans Redevelopment Authority (NORA) has been [&hellip
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The Pythian’s (234 Loyola Ave) Plans Have Arrived!

October 30, 2014 • Central Business District, Community Development, Development, Historic, Multi Family, Renovation, Residential • 19912

Green Coast Enterprises finally closed on the building at 234 Loyola Ave (former Higgins Industries Building) last month and it looks like development will move quickly. To learn more about the project itself and the developers, check out this article from Canal Street Beat written last December. Below are the plans that were filed with [&hellip
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ULI Building Tour: Gallier Court Mixed Use Development (PICS!)

October 30, 2014 • Central Business District, Conference, Development • 9389

The Urban Land Institute of Louisiana (ULI) is holding a first-glance tour of 129 Carondelet, an adaptive re-use, mixed-use development off of Canal Street known as Gallier Court. Gallier Court is a mixed-use development encompassing the historic building at 127-129 Carondelet Street in the Central Business District of New Orleans. The building was built in the [&hellip
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