Canal Street Beat | New Orleans Real Estate News

Motwani Developing 1101 Decatur Into Multifamily and Retail

January 16, 2014 • Construction, Development, French Quarter, Historic, Multi Family • 7279

Construction has started on the historic renovation of the building located at 1101 Decatur Street in the French Quarter. VTM Properties, LLC, an entity controlled by Chandru Motwani, has partnered with Woodward Design + Build to renovate the historic french quarter property. Motwani and Woodward are also working together on the luxury apartments in the [&hellip
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Plans For New Grocery Store on St. Charles Ave. Revealed

January 16, 2014 • Uncategorized • 10446

The building at 2025 St. Charles Avenue, vacant for years, has a new grocery store coming soon. The building was most recently in use as Crescent City Billiards Lounge, which apparently went out of business several years back. Theresa Yu Song, a westbank resident, bought the building in 2007 for $700,000. The grocery store’s entrepreneur [&hellip
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Check out the Plans for Il Mercato on Magazine

January 16, 2014 • Architecture & Design, Lower Garden District, Magazine Street • 11559

In December we reported that caterer and restauranteur Joel Dondis purchased the former marketplace at 1911 Magazine St. for $2 million. At the time, we heard he had planned to develop it into a large banquet hall for wedding parties and corporate events. The 12,100 square foot building’s Spanish-style architectural features will be restored to [&hellip
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New RFP Issued For Former Six Flags Site

January 15, 2014 • Public Development, Public Finance • 15828

New Orleans’ Industrial Development Board on Tuesday (Jan. 14) opened the 150-acre former Six Flags amusement park site in eastern New Orleans to proposals from developers. The former Jazzland and Six Flags site has been closed since Hurricane Katrina. Last year, plans for the development of a 400,000-square-foot outlet mall were scrapped after the $70 [&hellip
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Fidelity Homestead Acquires NOLA Lending Group

January 14, 2014 • Acquisitions, Finance & Lending, News • 7572

Fidelity Homestead Savings Bank of New Orleans has acquired NOLA Lending Group, LLC of Mandeville. NOLA Lending, founded in 2002, is one of the area’s largest residential mortgage lenders. NOLA Lending originated more than $1.25 billion in loans over the past two years and has 24 offices in Louisiana, Mississippi, Tennessee, Florida and Alabama. Last year, [&hellip
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Luxury Apartments Under Development at Camp & Canal

January 14, 2014 • Central Business District, Construction, Development, Tax Credits • 9457

Woodward Design+Build began renovations on three adjacent office buildings at Canal and Camp that will add another 44 apartment units to the growing downtown supply. The Giani Building as the project is being called, is $15 million project to convert 600 Canal St., 604 Canal St., and 113-117 Camp St. into an assortment of luxury [&hellip
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Corporate Realty to Manage Westbank Village Shopping Center

January 14, 2014 • Awards & Recognition, News, Retail, West Bank • 6098

Corporate Realty, one of the top retail brokerage firms in the city, was recently hired to provide management and leasing services for the Westbank Village Shopping Center, located at 901 Manhattan Blvd. in Harvey. Tenants of the center include Bed Bath Beyond, HH Gregg, Kirklands, Marshall’s, Mattress Firm, Office Depot and others. The square footage [&hellip
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Diamond B Construction Buys Property for New Riverfront Development

January 13, 2014 • Acquisitions, Construction, Industrial, West Bank • 5486

Alexandria-based asphalt manufacturer and paving contractor Diamond B Construction is building a new facility and entering the New Orleans market. Diamond B Construction recently closed on property at 710 River Road on the Mississippi River in Westwego for $2.5 million. The land will eventually house the company’s first New Orleans production facility. The facility will [&hellip
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Upcoming Urban Land Institute Events

January 13, 2014 • Conference, Development • 5017

The Urban Land Institute (ULI), is a worldwide organization that represents the entire spectrum of land use and real estate development. As a multidisciplinary real estate forum, ULI facilitates an open exchange of ideas, information, and experience among industry leaders and policy makers dedicated to creating better places. The ULI Louisiana chapter puts together some [&hellip
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Pics Of The $130 Million Hospital Under Construction in New Orleans East

January 13, 2014 • Healthcare, New Orleans East, Public Development, Public Finance • 10617

The New Orleans East Hospital (NOEH), which broke ground January 2013, includes the renovation of the previously existing six-story, 133,640-square-foot East Tower and construction of a new, 71,700 Patient Care Pavilion. The Urgent Care Center opened more than 2 years ago under the direction of the Franciscan Missionaries of Our Lady Health System (FMOLHS), the [&hellip
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