Canal Street Beat | New Orleans Real Estate News

Former Tulane MBAs Launch Million+ Dollar Real Estate Fund

January 24, 2014 • Development, Finance & Lending, Mid-City • 8712

The group, led by partners Cullan Maumus, Alex Hernandez and Mike Niemtzow, formed the The New Orleans Redevelopment Fund (NORF), a multimillion dollar fund focused on revitalizing Mid-City and adjacent neighborhoods by purchasing blighted and underused properties primarily in the multifamily space. The Fund’s mission is “to improve the quality of the City’s housing stock [&hellip
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Kenner Mayor Proposes Lakefront Entertainment District

January 23, 2014 • Architecture & Design, Hotel & Hospitality, Jefferson Parish, Kenner, Public Development, Sports & Specialty • 8397

On Tuesday Kenner Mayor Mike Yenni announced his plan for an entertainment district on the shore of Lake Pontchartrain anchored by the Treasure Chest casino. According to The Advocate, Kenner officials are negotiating with Treasure Chest to figure how the casino could anchor the larger district and have drafted RFPs for developer participation. In addition [&hellip
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Finally! Martin Wine Cellar To Reopen Later This Year

January 23, 2014 • Uncategorized • 6084

Martin Wine Cellar will finally return to its original Baronne Street location by Sept. 15, according to a report by Uptown Messenger. Martin’s owner Cedric Martin disclosed the desired opening date Tuesday (Jan. 21) to the Delachaise Neighborhood Association. Martin also discussed some of the challenges he has faced redeveloping the store since Katrina. David [&hellip
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Carver Theater update; Gentrification is Good for Us?

January 22, 2014 • News • 5125

Gentrification May Actually Be Boon To Longtime Residents [Npr.org] || Who Lived in Your House in 1940? [Prcno.org] || Old Carver Theater Almost Complete – [Fox8Live.com] || “Field of Dreams” Lot Adjacent to Warren Easton carries $2 million price tag [The Lens] || Podcast: History of the New Orleans Lakefront Airport [MyNewOrleans.com] &nbsp
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Skyscrapers! The 20 Tallest Buildings in New Orleans

January 22, 2014 • Architecture & Design, Central Business District • 26818

New Orleans is the site of 106 completed high-rises, 36 of which stand taller than 250 feet according to Wikipedia and Emporis (yes, we just cited Wikipedia). The tallest building in the city is One Shell Square, which rises 697 feet in the Central Business District and was completed in 1972. It was developed by [&hellip
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Tuesday Blogwrap: The Wiltz Gym Hits The Market; New Facade Program

January 21, 2014 • Bywater, News • 6195

This 4,800-Sq.Ft. Former Bywater Gym Wants $599,000 [Curbed] Mayor Landrieu and NORA announce Façade RENEW program for commercial buildings in four targeted areas [City of NO] Future unknown for McDonogh 11 after building moved a third time [Mid-City Messenger] LaToya Cantrell kills plans for Zion City batching plant [The Lens
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Hotel Intercontinental To Undergo MultiMillion Dollar Renovation

January 21, 2014 • Architecture & Design, Central Business District, Construction, Hotel & Hospitality • 10406

The 13 story Hotel Intercontinental at 444 St. Charles Avenue will undergo a major renovation to its lobby, atrium and second floor. The renovation will relocate the second floor lobby to the first floor. Demolition of the existing grand stair case and escalator will make room for more meeting rooms. A new hotel lunch and dinner [&hellip
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Stirling Takes Over Management of Perkins Rowe

January 20, 2014 • Baton Rouge, News, Property Management • 4888

Stirling Properties announced its been awarded a contract to provide comprehensive leasing, sales, property and construction management services for Perkins Rowe in Baton Rouge, which includes 364,648 square feet of retail, 126,000 square feet of Class A office space and upscale apartments and condominiums. Perkins Rowe is a large mixed use development that opened in [&hellip
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Tech-Based Film Company Advances Plans for Marigny Theater

January 20, 2014 • Marigny, Sports & Specialty • 5154

Last year, Indywood, the online platform for 21st century filmmaking, held a number of independent movie screenings. The company has now finalized plans to turn an old Wash-Dry-Fold into a movie theater in the Marigny. “We’ve gotten so much more support for our movie theater than our web-based film financing and distribution products, so for [&hellip
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Look Who’s Finally Buying the Orpheum Theater

January 18, 2014 • Acquisitions, Central Business District, Sports & Specialty • 7275

BestofNewOrleans.com reports that Roland Von Kurnatowski, founder of the Tipitina’s Foundation, and Dr. Eric George will buy the Orpheum Theater with a closing in February. The Orpheum has been closed since Hurricane Katrina and has changed hands several times. The new buyers have plans for a full $10 million renovation with an estimated opening in 2014. [&hellip
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