Canal Street Beat | New Orleans Real Estate News

Ochsner Opens New Health Center on Lakefront

August 7, 2019 • News • 3133

Ochsner has opened a new health center at 1532 Robert E. Lee Blvd., dubbed Ochsner Health Center – Lake Terrace, where the Lake Terrace Center Shopping Center once stood. This is the first activity on the site since Hurricane Katrina. The new three story, 58,000-square-foot facility offers general health services, including primary care, pediatrics and [&hellip
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Warwick Hotel Building Slated For $60 Million Redevelopment

July 31, 2019 • News • 4167

The former Warwick Hotel, an abandoned building at Duncan Plaza across from City Hall, is slated for a $60 million redevelopment by the New Orleans Redevelopment Fund. The New Orleans Redevelopment Fund purchased the 130,000-square-foot building in June. The former hotel was built in 1952, had been abandoned since before Katrina, and is eligible for [&hellip
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$15 Million Redevelopment Leads to 4 New Tenants at Hammond Square Shopping Center

July 30, 2019 • News • 5094

The Hammond Square shopping center near Interstate 12 in Hammond has announced four new retail tenants. Discount retailer Five Below, arts and crafts store Michaels, furnishing retailer HomeGoods and PetSmart are the four new tenants to join the shopping center’s roster. A $15 million redevelopment project over the past year involved the demolition of the [&hellip
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DDD to Honor Downtown All-Stars

July 25, 2019 • News • 5981

Each year, the Downtown Development District (DDD) recognizes exceptional accomplishments of Downtown New Orleans property owners, businesses, residents, workers and organizations. The goal of the awards is to honor the people and places that inspire, innovate and integrate the Downtown NOLA brand into their Downtown neighborhoods. You can check out the 2018 award winners here, [&hellip
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Plans Filed For New Seven Room Hotel on Carondelet

July 24, 2019 • News • 4318

The New Orleans Redevelopment Fund has filed plans with the city to renovate 131 Carondelet Street into a seven room hotel with ground floor commercial. The developer proposed to spend $1,500,000 on the renovations to the four story building according to the city filing. The New Orleans Redevelopment Fund purchased the property on December 29, [&hellip
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Stirling Refinances Pan American Life Center With $50 Million Loan

July 19, 2019 • News • 3064

Stirling Properties secured a $49.8-million loan to refinance Pan American Life Center, the 28-story office building in downtown New Orleans. Stirling worked with Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, to secure loan. Andy Coleman of Berkadia secured the financing on behalf of Stirling Properties. The lender was Wells Fargo. The [&hellip
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Starbucks Going In at New Magazine & State Project

July 16, 2019 • News • 5250

The new 7,500 square foot retail development set for the corner of State and Magazine Streets has long been rumored to include a Starbucks. Based on new filings with the city, it looks like a Starbucks will occupy the end cap space. A new filing made on July 12 states “Tenant Interior Upfit of New [&hellip
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Check Out The Possibilities For A Reimagined Duncan Plaza

July 12, 2019 • News • 5576

The City and the Downtown Development District have long sought to reimagine and redevelop Duncan Plaza. Some initial improvements were made last year. A bigger vision is in the works, and we just came across an awesome video put together by the Downtown Development District that shows what could be. The vision contemplates a children’s [&hellip
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Only One Space Left In New Morning Call & Bud’s Mid-City Development

July 9, 2019 • News • 3400

There is only a single 1,000 square foot space left in the new retail development at 5115 Canal Blvd. that will house a new Morning Call and Bud’s Broiler, according to a listing for the property. The corner location includes 23 parking spaces and outdoor seating. The entire development will include over 19,000 square feet [&hellip
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Bernhard Announces National Headquarters in Greater New Orleans

July 1, 2019 • News • 3626

Bernhard, one of the largest privately-owned engineering, mechanical and electrical contractors in America, has announced that it will combine its New Orleans, Arkansas, and other offices to establish its national corporate headquarters in Jefferson Parish. The firm will be based in The Galleria, in Metairie, and will employ approximately 250 local team members, with expectations [&hellip
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