Canal Street Beat | New Orleans Real Estate News

This Company is Quadrupling its Downtown Office Space

December 19, 2013 • Office, Warehouse District • 3513

Creative event and design firm The Solomon Group is renovating a building that will hold enough space to nearly quadruple the size of its downtown offices. Founder Gary Solomon Jr. said the company has been working to renovate a 10,000-square-foot building at 819 Girod St. that will be the firm’s new home office. The business [&hellip
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Police Station & Firehouse Among Those Sold at City Auction

December 19, 2013 • Uncategorized • 5124

Three of the five city-owned properties that were auctioned by the city last Friday have sold. The Mid-City Messenger reports that an old police station from 1902 in the Esplanade Ridge/Tremé part of town sold for its opening bid of $175,000. The Two Family Residential District zoning classification of the old police station allows for [&hellip
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This Entrepreneur Took Money From the City and Closed Its Doors

December 19, 2013 • Central City, Public Finance, Retail • 3421

The Central City grocery store that borrowed a low-interest loan under the city-funded Fresh Food Initiative, a program to bring fresh foods to under-served neighborhoods, has closed and is up for sale. The Lens reports that Owner Doug Kariker said the store was too much work. “I can’t do it anymore,” he said. The store [&hellip
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Cotton Exchange Hotel to Launch under This European Flag

December 18, 2013 • Central Business District, Hotel & Hospitality • 4786

The historic Cotton Exchange Hotel, bought for $17.8 million by Dallas-based NewcrestImage, is being rebranded under the brand AC Hotels by Marriott. NewcrestImage said that the eight-story hotel will stay open during the six-month, $10 million renovation expected to begin in the first quarter of 2014. AC Hotels by Marriott operates almost 80 properties in [&hellip
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Dondis Buys Former Magazine Street Market For $2MM

December 18, 2013 • Food & Beverage, Lower Garden District, Magazine Street, Sports & Specialty • 10233

Caterer and restauranteur Joel Dondis has purchased the former open-air marketplace at 1911 Magazine St. for $2 million. He plans to develop it into a large banquet hall to host wedding parties and corporate events. Dondis runs Sucré, La Petite Grocery, Grand Isle Restaurant, operates a catering and special events business. The 12,100-square-foot building bounded [&hellip
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WWII Museum Plans $3M Pedestrian Bridge

December 18, 2013 • Construction, Public Development, Warehouse District • 5003

The National World War II Museum plans to move forward with a $3 million project to build a pedestrian bridge connecting its buildings on each side of Andrew Higgins Drive. A $2 million building permit was filed with the the city Dec. 5. Voorhees Architecture of New York and Mathes Brierre Architects of New Orleans [&hellip
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City To Renew 95,000 SF Lease at Amoco Building

December 17, 2013 • Central Business District, Office • 5473

CityBusiness reports that the city of New Orleans will renew its lease at Orleans Tower, the 21-story property at 1340 Poydras St. formerly known as the Amoco Building. The lease, which expires this month, is for roughly a quarter of the 378,895-square-foot building. It currently houses the City Planning Commission, the Industrial Development Board and [&hellip
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Fremaux Town Center Announces New Tenants For Shopping Center

December 12, 2013 • Development, Northshore, Retail • 7346

Stirling Properties and CBL & Associates Properties, Inc., the developers behind the Fremaux Town Center development in Slidell, today announced the addition of four new tenants to Phase I of Fremaux Town Center in Slidell, Louisiana. Phase I is approximately 350,000 square feet anchored by Kohl’s, Dick’s Sporting Goods, Best Buy, T.J.Maxx, and Michaels. Construction [&hellip
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$6 Million Bond Issue On The Table For Fremaux Town Center Development

December 12, 2013 • Development, Northshore, Public Development, Retail • 3751

The Slidell City Council, acting on behalf of the Fremaux Economic Development District, will meet tonight to debate a $6 million bond issuance to help finance the development of the Fremaux Town Center retail development. The proposed bond issue is the lone matter on the agenda. The bonds would be fully backed by revenues generated [&hellip
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Jeff Council Approves Cenacle Re-Subdivision

December 12, 2013 • Jefferson Parish, Zoning and Land Use • 3592

CityBusiness reports that, despite opposition from neighbors, the Archdiocese of New Orleans was given unanimous approval yesterday to create parcels on eight of the 19 acres it owns at the Cenacle Retreat House site in Metairie in order to sell them on the open market. Neighbors of the Metairie property, one of East Jefferson’s last [&hellip
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