Canal Street Beat | New Orleans Real Estate News

Is Airbnb Really Worth $10B? New Investors Think So

March 24, 2014 • Finance & Lending, Hotel & Hospitality • 5072

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 • 10373

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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HDLC Rejects Demolition Request To Make Room for Canal Hotel Tower

March 24, 2014 • Central Business District, Development, Hotel & Hospitality, Zoning and Land Use • 7120

The Historic District Landmarks Commission rejected the application to demolish a four historic buildings in the CBD to clear out space for a 21-story hotel tower after residents and preservation groups voiced their opposition to the plan. Minnesota-based Wischermann Partners Inc. and local developer and property owner Kishore “Mike” Motwani, want to demolish four historic [&hellip
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Holy Cross Development Heads to City Council For Final Approval

March 22, 2014 • 9th Ward, Architecture & Design, Zoning and Land Use • 5102

The redevelopment of the former Holy Cross School site that has been mired in neighborhood controversy for months, heads to the City Council next week with no recommendation from the The Historic District Landmarks Commission. The HDLC failed Thursday (March 20) to reach a consensus on plans to redevelop the site. The HDLC only governs [&hellip
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Tulane Avenue to Get Cultural District Designation?

March 21, 2014 • Mid-City, Tax Credits, Zoning and Land Use • 5703

New businesses and homeowners popping up along Tulane Avenue in Mid-City may now be part of a state cultural district, thanks to an application submitted to the state’s cultural department, according to City Council. The New Orleans City Council has submitted an application to the State to create a new cultural products district in Mid [&hellip
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Finally! Lafitte Greenway Construction Starts Tuesday

March 21, 2014 • Mid-City, News, Parks & Public Spaces, Public Development • 9112

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, will finally break ground March 25 and years if 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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These NOLA Real Estate Companies Doubled Their Millions in 2013

March 20, 2014 • News • 5937

HRI Properties, Latter and Blum, Gardner Realtors all had booming growth in 2013. HRI nearly doubled its revenues from $98 million to almost $200 million. The boost was the result of a plethora of hotel acquisitions that increased the company’s portfolio from 9 to 18. The acquisitions also boosted payroll from 800 employees to almost [&hellip
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Check Out The Renderings For The New Robért Fresh Market On St.Claude

March 20, 2014 • Marigny, Retail • 7718

The renderings for the new Robért Fresh Market going in at the corner of St. Claude Avenue and Elysian Field looks pretty awesome. Plans call for a coffee shop, an outdoor dining area, and about 10,000 square feet of commercial space that the grocery store will lease to a third party tenant. The 35,000 square [&hellip
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5940 Magazine Offers Beautiful Condos on Fantastic Magazine Street

March 19, 2014 • Architecture & Design, Condos, Development, Magazine Street, Uptown • 16740

A brand new, seven unit condominium development at 5940 Magazine street is quickly becoming a fixture of the Uptown neighborhood. The development offers one and two bedrooms condos, including a third floor penthouse that has already been sold. To date, four units have been sold or are under contact and three are available. The condo development is [&hellip
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Solar Panels Will Supply All Energy For New Airport

March 18, 2014 • Public Development, Tax Credits • 6198

The city is considering a $85 million plan as part of building a new airport that would provide enough power from solar panels to fully supply the entire airport. The solar proposal is included in the cost projections for the $826 million airport revamp. The preliminary plans call for enough solar panels to generate 10 [&hellip
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