Canal Street Beat | New Orleans Real Estate News

Wow, Lots of New Retail Coming to the Lower Garden!

March 31, 2014 • News, Retail • 7348

There has been plenty of activity in the Lower Garden District and Irish Channel over the last year, most of it centered around Magazine Street. Let’s take a look at what’s going on: 2802 Magazine Street recently broke ground. The 7 unit condo development will feature restaurant Brick and Spoon on the ground floor. Another [&hellip
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140+ NORA Properties Hit Auction Block Tomorrow

March 28, 2014 • Acquisitions, Public Development • 6005

The New Orleans Redevelopment Authority will auction off 140+ proprieties tomorrow at the convention center. Properties include single family homes, doubles and vacant lots. The properties are located in the New Orleans East, Holy Cross, Gentilly, Lower Ninth Ward, St. Roch and Lakeview neighborhoods. There is no cost to bid, no Buyer’s premium, and no [&hellip
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Reuther To Build New 9 Story Warehouse District Hotel (PHOTOS)

March 27, 2014 • Construction, Development, Hotel & Hospitality, News, Warehouse District • 11647

Local hotelier Warren Reuther Jr,. plans to build a new 9 story Cambria Suites hotel at 632 Tchoupitoulas Street. Reuther submitted construction plans to the Historic Districts Landmarks Commission for approval March 25. Plans call for a 4 story building facing Tchoupitoulas, a set back, and then a nine story tower at the back of [&hellip
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City Breaks Ground on Lafitte Greenway (PHOTOS)

March 26, 2014 • News • 7064

The Lafitte Greenway, a 2.6-mile multi-use trail, bike path, and linear park connecting the French Quarter to Bayou St. John and Mid City, finally broke ground yesterday after years of drawn out planning and negotiations. Last month, the Friends of Lafitte Corridor announced that they had selected a contractor for the $9.1 million first phase. [&hellip
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Condo and Retail Development on Magazine Breaks Ground

March 26, 2014 • Development, Food & Beverage, Retail • 8746

Developer Chris Sarpy started test pilings at 2802 Magazine, which will eventually be a 3 story, 7 unit condo building that will include the restaurant Brick and Spoon at the bottom floor. Six of the seven units will be 1,400 square feet, and a penthouse will be closer to 2,000. All units will have two [&hellip
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Riverwalk To Open May 22 After $70 Million Makeover

March 25, 2014 • Central Business District, Development, Retail • 6084

The Outlet Collection at the Riverwalk will open May 22, developer the Howard Hughes Corporation announced Tuesday. The Hughes Corp. purchased the Riverwalk Marketplace out of bankruptcy in 2011 and started construction in 2013 to turn the center into an upscale outlet mall. When it opens it will be the nation’s first downtown outlet center. [&hellip
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Raising Cane’s to Replace KFC On S. Carrollton Ave.

March 25, 2014 • Retail, Zoning and Land Use • 7526

The fast food chicken franchise Raising Cane’s will open a new store at 3235 S Carrollton Ave., the site of a former KFC fast food restaurant. Raising Cane’s got approval from the City Planning Commission last month for certain upgrades to the existing building, including alterations to the building’s facade, new signage, and additional landscaping. [&hellip
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How Should The Council Vote On Holy Cross?

March 25, 2014 • 9th Ward, Development, Zoning and Land Use • 4268

The New Orleans City Council will vote this week (March 27) on whether and to what extent to approve developer Perez APC’s plans for the redevelopment of the Holy Cross School Site. Perez’s plans call for redeveloping the 13-acre site into a mixed-use project which would include 284 residential units, commercial and office space, 521 [&hellip
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Is Airbnb Really Worth $10B? New Investors Think So

March 24, 2014 • Finance & Lending, Hotel & Hospitality • 4967

Word on the street is that home-rental startup Airbnb is closing a round of funding that will value the company at $10 billion. According to the WSJ, Airbnb is in “advanced talks” to raise an additional $400 million to $500 million at the $10 billion valuation. The startup has seen more than 11 million guests [&hellip
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Alembic Myrtle Banks Development 9 Months Into Construction

March 24, 2014 • Central City, Development, Food & Beverage • 10211

The redevelopment of the former Myrtle Banks school is approximately nine months into construction on the adaptive reuse project in New Orleans. Alembic Community Development is renovating the property into a repurposed fresh food market for the underserved neighborhood of Central City. Constructed as McDonogh 38 Elementary School in 1910, the historic structure was too [&hellip
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