Canal Street Beat | New Orleans Real Estate News

New Orleans Developer Buys Dallas Office Tower For Redevelopment

May 8, 2014 • Acquisitions • 4931

New Orleans developer HRI, Inc. will redevelop a Dallas office tower into a hotel and apartment building. This is the second New Orleans developer to purchase a Dallas office building for repositioning after the KFK group purchased One Main Place, the 32-story building with more than 1 million square feet of office space, earlier this [&hellip
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This Conference Offers a Peak Into NOLA’s Real Estate Future

May 8, 2014 • Conference, Economic Development • 3954

The University of New Orleans Institute for Economic Development and Real Estate Research will hold its annual seminar on the business outlook and real estate forecast for the greater New Orleans metro area this week May 9, 2014. The conference includes four panel presentations moderated by Ivan Miestchovich, director of the UNO Institute for Economic [&hellip
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The Cost of This Neighborhood Center Nearly Doubled to $6 Million!

May 7, 2014 • Public Development, Treme • 4679

The old Treme Center, which was damaged in Katrina, was rebuilt by the city and re-opened in April 2013. The Treme Center, located behind Armstrong Park , is a recreation center with a pool, a basketball court, a dance studio, workout area and a stage for community performances. Since it re-opened, the community center has [&hellip
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Call for Artists: You Could Get $50,000 To Create Art For This Housing Redevelopment

May 7, 2014 • Architecture & Design, Community Development, Mid-City • 5508

Providence Community Housing, Enterprise Community Partners and L&M Development are working to redevelop the Lafitte Projects as affordable, mixed-income housing. Those developers, along with the Arts Council of New Orleans, are seeking to commission new permanent exterior artwork at the development that will “enhance and celebrate” community. They are offering $50,000 to the winning artist. [&hellip
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$70 Million Luxury Canal Street Development Gets Its Demo Permit

May 6, 2014 • Central Business District, Development, Zoning and Land Use • 7348

1031 Canal, the $70 million high rise planned for the corner of Canal and Rampart Streets, is finally moving forward after it was able to obtain its demo permit from the city. The building permit for the high rise on the edge of the French Quarter has been under review since last November, and seemed [&hellip
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31-Story CBD Office Tower Sells to Local Developer

May 6, 2014 • Acquisitions, Central Business District, Office • 7501

1010 Common St., the sparsely occupied 31 story office tower in the CBD, has been purchased by New Orleans developer Mohan Kailas. Kailas purchased the 31-story office tower through a business entity known as 1010 Common LLC. According to Orleans Parish conveyance records, the building sold April 3 for $16.6 million. Records show that Kailas’ [&hellip
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Company Leaves Jefferson For Orleans Due to Zoning Dispute

May 6, 2014 • Industrial, Zoning and Land Use • 5663

Agrico Sales, a company that builds shipping equipment —specifically conveyor and loading systems for the dry bulk shipping industry, is relocating due to a zoning dispute, originally reported by CityBusiness. Agrico Sales currently occupies a 12,000 square foot space in Bridge City, in Jefferson Parish, where they have operated for the past 26 years. [&hellip
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CPEX’s New Orleans Office Seeks To Improve BR-NOLA Economy

May 5, 2014 • Architecture & Design, Baton Rouge, Zoning and Land Use • 4483

The Baton Rouge-based Center for Planning Excellence (CPEX) will open a small office in New Orleans this summer, reports the Times-Picayune. Jennifer Stenhouse, organization’s director of development, will open the New Orleans office July 1. CPEX works on regional planning issues, one of which is doing more to improve transportation and connections between New Orleans [&hellip
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Arizona Technology Firm Opens Office in Downtown NOLA

May 5, 2014 • Central Business District, Office • 4485

Performance Software, the Arizona-based software engineering firm that announced they would opening a New Orleans office in February, has decided on a downtown location for its new offices. CityBusiness reported that Scott Ziebarth, engineering director for Performance Software’s regional offices, confirmed that the company has signed a sublease agreement with Catlin, Inc. for office space [&hellip
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World Trade Center Goes Back On The Market

May 2, 2014 • Central Business District, Development, Hotel & Hospitality, Public Finance • 6993

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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