Canal Street Beat | New Orleans Real Estate News

Arizona Technology Firm Opens Office in Downtown NOLA

May 5, 2014 • Central Business District, Office • 4668

Performance Software, the Arizona-based software engineering firm that announced they would opening a New Orleans office in February, has decided on a downtown location for its new offices. CityBusiness reported that Scott Ziebarth, engineering director for Performance Software’s regional offices, confirmed that the company has signed a sublease agreement with Catlin, Inc. for office space [&hellip
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World Trade Center Goes Back On The Market

May 2, 2014 • Central Business District, Development, Hotel & Hospitality, Public Finance • 7296

Negotiations between the city of New Orleans and developer Gatehouse Capital Corp. for the opportunity to redevelop the former World Trade Center building have ceased. Gatehouse Capital Corp. was selected by the city to redevelop the property in 2013. Since then, the parties had been negotiating a potential deal. Negotiations, ongoing for over 6 months, [&hellip
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Everything You Ever Wanted to Know About NOLA’s Office Market

May 2, 2014 • Office • 4942

Earlier this week Corporate Realty, Inc., the New Orleans-based brokerage firm that’s known for its office expertise, released its second annual Greater New Orleans Office Market Report. The report contains statistics about the Greater New Orleans office market at the end of 2013 and does a pretty good jobof giving an overall understanding of the [&hellip
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Archdiocese Planning $15 Million Apartment Building in Lower 9

April 30, 2014 • 9th Ward, Development • 4532

The Archdiocese of New Orleans is planning to build a $15 million, 77 unit senior citizen apartment complex in the Lower 9th Ward, reports CityBusiness. The complex, to be known as Villa St. Maurice, was destroyed during Hurricane Katrina and later demolished. CityBusiness reports that the Archdiocese is currently seeking bids from contractors to build [&hellip
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City Council Shoots Down Bruno’s Granaio For No Good Reason

April 29, 2014 • Development, Warehouse District, Zoning and Land Use • 15408

Last week, developer Josh Bruno’s proposed $20 million, 18 story luxury apartment development the Granaio went in front of the city council for approval. Bruno was seeking a decision by the council to overturn an HDLC ruling that denied certain architectural features. Among them, Bruno was seeking a variance to allow him to build overhangs, [&hellip
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Gertler’s CBD Gallier Court Development Moves Forward

April 29, 2014 • News • 9198

Josh Gertler, ‎an associate at Gertler Law Firm and a New Orleans-based developer, is in the beginning stages of developing a mixed-use project at 127 – 129 Carondelet Street in the Central Business District. Gertler started his real estate career as an agent at Stirling Properties and he is now a broker and developer with [&hellip
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Franchisee Proposes Pizza Hut Restaurant for Carondelet Street Location

April 28, 2014 • Central Business District, Retail • 11102

The Pizza Hut franchisee for the Greater New Orleans area, Horizon River Restaurants, is proposing a new restaurant downtown near the intersection of Canal and Carondelet. Horizon River Restaurants became the new Pizza Hut franchisee for the New Orleans region after Pizza Hut corporate filed suit against their former franchisee, Lundy Enterprises. As part of [&hellip
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Feil Buys Long Dormant Jefferson Plaza Shopping Center, CityBusiness Reports

April 25, 2014 • Acquisitions • 7861

The long-dormant Jefferson Plaza Shopping Center is under contract to be purchased by The Feil Organization, City Business reported Friday. The Feil Organization, led by developer Jeffrey Feil, is a real estate investor and developer in New York with significant holdings throughout the greater New Orleans area, including Lakeside Shopping Center, the Costco store land, [&hellip
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Martin Wine Cellar Breaks Ground

April 25, 2014 • Construction, Retail, Uptown • 3935

After almost nine years closed since Hurricane Katrina, Martin Wine Cellar broke ground this week on a brand new Baronne Street location. 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. The single-story, 14,025 square foot retail [&hellip
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Jefferson Wants To Spend $3.3 Million On This New Facility

April 25, 2014 • Healthcare, Jefferson Parish • 4620

Jefferson Parish is planning to build a 10,000 square foot senior living center at a price tag of $4.4 million. The parish is seeking state and federal money for the new facility, which would be located at 6640 Riverside Drive. The parish has requested $2.5 million from the state legislature. The parish’s $2.5 million request [&hellip
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