Canal Street Beat | New Orleans Real Estate News

Historic Carver Theater To Open April 30

March 12, 2014 • Development, Hotel & Hospitality, News • 5856

The Carver Theater developers have announced that the theater will open April 30. The theater at 2101 Orleans Ave. suffered major damage in 2005 as a result of the damage caused by the failures of the federal levees after Hurricane Katrina. Dr. Eugene Oppman has been working for years on an $8 million restoration of [&hellip
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Rain CII To Anchor Northpark Business Park Expansion

March 11, 2014 • Construction, Northshore, Office • 7788

Northpark Business Park, the business park on the Northshore with heavy weights such as Chevron, has announced that industrial carbon producers Rain CII will anchor its ambitious 80 acre expansion plan. Rain CII plans to bring 70 employees from its Houston-area headquarters to the new $5.6 million, three-story Covington office. Rain CII is to occupy [&hellip
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KFK Group Acquires 1,000,000 Square Foot Dallas Office Tower

March 10, 2014 • Acquisitions, Office • 9195

New Orleans-based KFK Group has acquired the One Main Place skyscraper in Dallas’ Central Business District for an undisclosed sum. One Main Place is a 32-story building with more than 1 million square feet of office space, 65,000 square feet of retail space, 660 space parking garage, and a 20,000-square-foot plaza that connects the building [&hellip
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New ‘lot maintenance program’ allows city to cut grass on blighted private property, on owner’s dime

March 10, 2014 • News, Zoning and Land Use • 4530

The Uptown Messenger reports that the city has passed a new “lot maintenance program” that allows the city to cut grass on blighted private property and tack on the cost of the grass cutting to the property owner’s tax bill. The program, created as part of an amendment to an existing ordinance, allows the city [&hellip
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Three Big Positive Financial Factors of Owning a New Orleans Condo that Buyers Should Remember

March 7, 2014 • Condos • 5638

What will the NOLA Condo Market be like in 3 to 4 years ? People who buy condos tend to move more often than home buyers for a variety of reasons. People out grow their condos, get better jobs, graduate from school and have to move to another location. Many will buy a condo because [&hellip
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Rising Rents Force Morning Call To Close Severn Location & Relocate

March 7, 2014 • Jefferson Parish, Retail • 4700

The Morning Call Coffee Stand, one of the city’s most famous coffee and beignet spots, is moving from its current location at 3325 Severn Avenue, where its been since 1974. The current owners of 3325 Severn Avenue, Goudeau, Inc., sought to increase the rent on Morning Call when their lease came up this year. Morning [&hellip
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Tulane’s Social Work School To Move Into 20,000 sf Digs Downtown

March 6, 2014 • Central Business District, Office, Sports & Specialty • 7540

Tulane University’s School of Social Work will move from the uptown campus to new digs at 127 Elk Place this summer. 127 Elk Place is a large stone building next to the Joy Theater. The new campus will feature 20,000 sf of space, up from 7,000. The reason for the upgrade was because the shool [&hellip
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Harrah’s Hotel & Casino Sold in Blockbuster $2.2 Billion Deal

March 6, 2014 • Acquisitions, Hotel & Hospitality, News, Sports & Specialty • 7013

Caesars Entertainment Corporation announced yesterday that it has sold the Harrah’s New Orleans Hotel and Casino to its real estate spinoff Caesars Growth Partners as part of a $2.2 billion deal. The other properties included in the transaction include Bally’s Las Vegas, the Cromwell and the Quad, also located in Las Vegas. The deal is [&hellip
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Martin Wine Cellar Construction Moves Forward!

March 6, 2014 • Construction, Retail, Uptown • 6043

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 • 8322

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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