Canal Street Beat | New Orleans Real Estate News

Martin Wine Cellar Construction Moves Forward!

March 6, 2014 • Construction, Retail, Uptown • 5828

Earlier this year Martin Wine Cellar owner Cedric Martin came out with the news that the famed Baronne Street location would be re-opening by September of 2014. Last week, Martin took another step in that direction by officially filling the construction permit with the city. The permit stated plans for the construction of a single [&hellip
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5 Story Warehouse District Project “Diamond Street Lofts” Moves Forward

March 5, 2014 • Condos, Development, Warehouse District • 8189

Developer Derek Scontrino of Landcraft LLC is moving forward with his plans for the Diamond Street Lofts, a boutique Warehouse District condo development at 329 Diamond Street. Diamond Street Lofts will feature 12 two-bedroom, two-bath units with balconies, one 5,200 sf penthouse, a rooftop terrace, and a a commercial unit with almost 50 feet of [&hellip
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Demo Permit Filed For $120 Million, 21 Story Hotel at 400 Canal Street

March 4, 2014 • Central Business District, Development, Hotel & Hospitality • 5603

Boy that was fast. Wischermann Partners, Inc. and Jayshree Hospitality LLC, the developers of the proposed 21-story, 373-room hotels at the corner of Canal and Tchoupitoulas streets have filed a demolition permit for several properties to get the construction underway after just announcing the project three weeks ago. The project filed the demolition permit on [&hellip
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The Wild Life Reserve To Open Downtown Flagship Store

March 4, 2014 • Central Business District, News, Retail • 5863

The Wild Life Reserve, a men’s clothing brand, will be opening a new flagship store in downtown New Orleans at 111 St. Charles Avenue. The store will feature men’s and women’s clothing from The Wild Life Reserve collection as well as a finely curated collection of local and international designers and heritage brands. Entrepreneur Micaiah [&hellip
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Retail Watch: Dick’s Sporting Goods opens in Slidell

March 3, 2014 • Northshore, Retail, Slidell • 6570

Dick’s Sporting Goods opened Sunday (3/2) in Slidell at the Fremaux Town Center. The opening marks the chain’s seventh store in Louisiana and its 561st nationwide. The new store will offer over 40 in-store services performed by DICK’S certified PROS in sports and outdoor specialties such as golf, bike, fishing and team sports. The store [&hellip
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Hotels Tax Themselves To Boost New Orleans’ Tourism Advertising

March 3, 2014 • Hotel & Hospitality • 4746

New Orleans hotels will begin assessing an additional 1.75 percent tax on room rates in April to help pay for tourism marketing efforts worldwide and infrastructure improvements in the French Quarter. The additional cash is estimated to double the amount spent on advertising the city to vacationers. Nola.com reports that the tourism industry accounts for [&hellip
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Jaeger Buys Whitney Wyndham Hotel for $10.5 Million

February 28, 2014 • Acquisitions, Central Business District, Hotel & Hospitality • 11814

Joe Jaeger, the New Orleans hotelier, investor and real estate developer, has purchased the Whitney Wyndham Hotel at 610 Poydras St. for $10.5 million. The Whitney Wyndham Hotel is an eight-story, 93-room hotel, owned by a partnership controlled by Metairie business owner Robert Weinmann and Wood Design + Build chief executive Paul Flower. The partnership [&hellip
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140+ New NORA Properties To Be Auctioned March 29

February 27, 2014 • Community Development, News, Public Development • 4968

We reported a few weeks back that more NORA properties would soon hit the auction block. NORA finally announced which properties will be auctioned March 29, 2014 at the New Orleans Ernest N. Morial Convention Center. Properties include single family homes, doubles and vacant lots. The properties are located in the New Orleans East, Holy Cross, [&hellip
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New Warehouse District Headquarters of International Shipholding Corp. Revealed!

February 27, 2014 • Acquisitions, Development, Office, Warehouse District • 8050

A few weeks back, International Shipholding Corp., which owns and operates a global fleet of waterborne cargo vessels, announced that they were relocating their corporate headquarters from Mobile, Ala., back to New Orleans. At the time, the company said that they had a warehouse district property under contract which would eventually be its new headquarters. [&hellip
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$24 Million Faubourg Lafitte Selects Gibbs Construction as GC

February 26, 2014 • Mid-City, Multi Family, Public Development, Public Finance • 5412

The third phase of the Faubourg Lafitte housing project redevelopment is moving forward, with developers working with Gibbs Construction as the lone bidder on the project, with a submitted bid of $17 million. This phase of the project, which includes 100 units in a nearly 100,000 sf apartment building for low-income seniors, has a budget [&hellip
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