Canal Street Beat | New Orleans Real Estate News

Demolition Underway at Lee Circle Site (PHOTOS)

April 8, 2014 • Central Business District, Construction, Office • 6884

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 • 8707

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 • 8146

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 • 6910

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 • 6303

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 • 8601

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 • 6421

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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Real Estate Photography Startup IMOTO Hitting Its Stride

April 2, 2014 • News • 6401

IMOTO (formerly SNAP Real Estate Photography) is a hot New Orleans startup that offers professional photography and virtual tours for real estate professionals. For $120, IMOTO will send a professional photographer to your property and provide a virtual tour and 10 quality images of the property, including a 30-foot aerial shot. Additional images cost $5 [&hellip
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Retail Watch: New York’s The Art of Shaving Comes to Canal Street

April 1, 2014 • Central Business District, Retail • 4777

New York based retailer The Art of Shaving has secured a lease with the Rubenstein family and will be housed adjacent to the family’s world-renowned 90 year-old men’s store. According to a permit filed with the city, The Art of Shaving’s build out will cost $250,000. The new address will be 624 Canal Street. The [&hellip
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Calling All Aspiring Developers: Bruno Hiring Development Lieutenant

April 1, 2014 • Awards & Recognition, Development • 7688

Josh Bruno, the well-known real estate investor and developer throughout the Gulf Coast region, is the current president of three development companies including Metro-Wide Apartments, Bruno, Inc. and the Downtown Development Group. The development holding company, Bruno, Inc., has announced they are looking to hire a Real Estate Development Officer position in New Orleans. Bruno [&hellip
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