Canal Street Beat | New Orleans Real Estate News

Fremaux Town Center Grand Opening Set for March 2014

November 27, 2013 • Development, Northshore, Retail • 4243

Stirling Properties continues to make progress on its new Fremaux Town Center shopping center in Slidell, Louisiana. Exterior color finishes are being added to the buildings and the Shopping Center’s pylon is rising from its base. The parking field is defined with asphalt, and the lot lighting and landscaping are being installed. The interior work [&hellip
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72,000sf Harahan Office Park Sold For $5.6M

November 26, 2013 • Commercial, Investment, Jefferson Parish, Office • 4684

Vincent Saia, owner of Harahan-based Roofing Products & Building Supply, purchased the 72,000 sf Elmwood Oaks Office Park in Harahan for $5.6. The four-building office park consists of 72,000 leasable square feet and is currently 90 percent occupied. Tenants include GE, Eastern College, Fromherz Engineers & Families Helping Families of Jefferson. Built in 1975 and [&hellip
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Launch Pad Announces Bid For Louisiana ArtWorks Building

November 26, 2013 • Commercial, Office, Warehouse District • 5681

The Launchpad co-founders are planning to bid on the Louisiana ArtWorks building, a $25 million facility for artist studios and galleries that failed in 2011. Their plans for the Lee Circle-area 93,000-square foot art complex include a co-working space, maker space, artist studios, public presentation of arts, large-scale event space, and a restaurant.” Co-founder Chris [&hellip
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New Tenants Now Open at Stirling’s Hammond Square

November 25, 2013 • Commercial, Northshore, Retail • 8826

Justice, Shane’s Rib Shack and Popcorn Bistro all opened this month at Stirling Properties’ Hammond Square shopping center. Justice, a leading national retailer of preteen girl’s fashion, will occupy 3,150 square feet. Shane’s Rib Shack, known for its slow-cooked ribs, hand-chopped chicken and pork, and many southern sides, occupies 2,810 square feet. Popcorn Bistro, a [&hellip
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100 Unit, 94,000sf Apartment Development for Seniors Moves Forward

November 25, 2013 • Community Development, Mid-City, Multi Family, Tax Credits • 8666

The third phase of the Faubourg Lafitte housing project redevelopment is getting ready to break ground. Blitch Knevel Architects LLC, the architect of record for developers L+M Development, Enterprise Community Partners, Inc. and Providence Community Housing, filed a building permit on November 20, 2013 for the 100 Unit, 94,000sf apartment building for low-income seniors at [&hellip
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City Council Gives Final Approval For Magnolia Marketplace’s 1-Cent Sales Tax

November 23, 2013 • Development, Public Development, Retail, Tax Credits • 5383

The Magnolia Marketplace planned for South Claiborne Avenue will open in March 2015 with six national retailers and a fast-food restaurant — TJ Maxx, Ross, Michael’s, PetSmart, Shoe Carnival, Ulta cosmetics and Raising Cane’s. The $25 million project is being financed by a combination of private financing and federal New Market Tax Credits. The developers [&hellip
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Hotel Occupancy Down Slightly From 2012

November 23, 2013 • Hotel & Hospitality • 4443

According to Smith Travel Research’s Hotel Review, New Orleans’ occupancy rate dipped by about 3.1 percent last month to 74.9 percent compared with October 2012. The average daily room increased from about $148 per room in October 2012 to $156.76 last month. Revenue per hotel room also increased slightly by about $2 per room to [&hellip
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City To Build New $6.5 Million Rosenwald Center

November 22, 2013 • Community Development, Public Development • 7395

The city received six bids earlier this month for the reconstruction of the Rosenwald Center on South Broad Street near Earhart Boulevard. The multi-use community center was once New Orleans’ only major recreational facility for African-Americans during segregation. Gibbs Construction submitted the low bid of $6.74 million for the project. Other bids were received from [&hellip
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$8 million Gretna Shopping Center Expansion Adds Office Building

November 22, 2013 • Retail, West Bank • 6838

In addition to the $8 million expansion already underway,the owners of the Westside Shopping Center North received approval from the Gretna City Council for a brand new, 11,250 square-foot building for retail office space. The office building is the latest addition to a large expansion started last year by Realm Realty of Houston. The [&hellip
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Regions Bank To Grace City Skyline at 400 Poydras

November 21, 2013 • Central Business District, Commercial • 8196

Regions Bank’s logo will soon grace the New Orleans skyline. The publicly-traded Birmingham, Ala.-based company is adding its name to the top of its regional headquarters at 400 Poydras St. The cost of the sign is $580,000 with dimensions roughly 6 feet high and 49 feet long. The building, owned by Hertz Investment Group of Los [&hellip
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