Canal Street Beat | New Orleans Real Estate News

BioInnovation Center Welcomes Two New Tenants

June 5, 2014 • Central Business District, Office • 5495

The New Orleans Bioinnovation Center (NOBIC) on Canal Street has landed two new tenants, Stone Surgical, LLC and LouisianaBio. NOBIC is a non-profit technology business incubator created to foster entrepreneurship within the New Orleans bioscience community. The center offers office space, business assistance, commercialization of technologies, and even runs their own investment fund. Tenant and client [&hellip
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Jack & Jake’s Gets $1 Million From City For Fresh Food Hub

June 5, 2014 • Central City, Community Development, Development, Public Finance • 6945

Yesterday, Mayor Mitch Landrieu, in partnership with The Food Trust and Hope Enterprise Corporation (HOPE), announced a funding award to Jack and Jake’s, Inc. as part of the New Orleans Fresh Food Retailer Initiative (FFRI). The $1 million loan, up to half of which may be forgiven, will allow the fresh food grocer to open [&hellip
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New Orleans’ Dazzling Post-Katrina Parks Boom (via Next City)

June 4, 2014 • Community Development, Parks & Public Spaces • 7169

New Orleans has reinvented or created several new, fantastic parks and community green spaces since Katrina. Among the new parks are the 3.1 mile linear Lafitte Greenway, the riverfront Crescent Park in the Bywater, a revamping of City Park, and the city’s first official dog run and its only mini-golf course. Our friends at Next [&hellip
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What? Krystal Burger To Open 15-20 Stores in NOLA Over The Next Year?

June 4, 2014 • Retail, Uptown • 12236

A brand new branch of Krystal Burger has received unanimous approval from the city to open its doors in a shuttered building on South Claiborne between Earhart Boulevard and Napoleon Avenue, reports Uptown Messenger. The building, formerly a KFC prior to Katrina, is among a dozen scheduled to open in the New Orleans area over the next [&hellip
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Kirschman Gets City Approval For Demolition of Old Frank’s Steakhouse on Freret

June 3, 2014 • Development, Uptown, Zoning and Land Use • 7622

The City of New Orleans’ Neighborhood Conservation District committee has granted a local businessman permission to demolish the former Frank’s Steak House, located on Freret Street. Arnold Kirschman, whose family had operated furniture stores in New Orleans for almost a century, will be redeveloping the site at the corner of Freret and Cadiz, the largest [&hellip
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What are Condo Reserves? What’s an Assessment on a Condo?

June 2, 2014 • Condos, Warehouse District • 15229

Since a condo association acts as a group when it comes to collecting condo fees in order to pay bills such as water, sewerage, upkeep, management, insurance and those collective payments. Most condo association collect more that is needed in the day-to-day operations so the association will have money when something unexpected happens. If your [&hellip
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NORA’s Impact in 2013: Nearly $80 Million Invested!

June 2, 2014 • Community Development, Public Development, Public Finance • 4982

The New Orleans Redevelopment Authority, the city agency tasked with eliminating blight and revitalizing housing, commercial development, and larger scale neighborhood level efforts, has done some pretty amazing things lately. Under Executive Director Jeff Hebert, the organization has returned buildings back into commerce, helped eliminate blight, and financed commercial community developments like Myrtle Banks [&hellip
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Stinky’s Fish Camp Owner To Open This Landmark Restaurant at the Intercontinental

May 30, 2014 • Central Business District, Food & Beverage, Hotel & Hospitality • 8663

The 13 story Hotel Intercontinental at 444 St. Charles Avenue has been undergoing a major multi-million dollar renovation to its lobby, atrium and second floor. We now know that a new flagship restaurant called Trenasse will be opening on the first floor of the hotel. Trenasse is the bran child of Jim Richard, the chef and restaurateur [&hellip
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$8 Million Apartments Planned for St. Anna’s on Prytania

May 29, 2014 • Development, Garden District, Multi Family, Uptown • 9264

Developer and real estate investor Tom Winingder will break ground next month on the redevelopment of former assisted living center St. Anna’s into luxury apartments. According to Orleans Parish records, Winingder purchased the 40,000-square-foot, three-story building in November for $3.7 million from Lambeth House, a senior citizen community that assumed control of the property in [&hellip
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Real Estate Conference To Take Place on Northshore

May 29, 2014 • Conference, Northshore • 4605

The 2014 Economic Outlook and Real Estate Forecast Seminar for the Northshore Region in Covington is being held on June 6. The University of New Orleans (UNO) and Latter & Blum, Inc. are c-presenters of the seminar. The seminar brings “together people from a wide cross-section of the region’s business, professional and civic communities.” Panel discussion [&hellip
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