Canal Street Beat | New Orleans Real Estate News

$50 Million Hotel Complex Planned for Westbank

January 17, 2014 • Hotel & Hospitality, Public Development, West Bank • 5860

Nola.com reports that a New Orleans-based hotel developer has plans to build a $50 Million hotel complex on vacant westbank land.BN Management, a hotel operator and developer led by Mr.Nguyen, is putting together the deal on a vacant tract of land in Terrytown. He got one step closer to that dream Wednesday when the Gretna [&hellip
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Renderings of NOLA’s New $826 Million Airport

January 17, 2014 • Architecture & Design, Economic Development, News, Public Development, Public Finance • 17360

Yesterday the Landrieu Administration released their plans for a brand new terminal complex at the Louis Armstrong New Orleans International Airport. Landrieu and NOAB unveiled conceptual renderings of the 650,000-square-foot terminal complex that features two concourses with 30 gates, a consolidated checkpoint, seamless connections between concourses and 2000 parking garage spaces. The North Terminal design [&hellip
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Motwani Developing 1101 Decatur Into Multifamily and Retail

January 16, 2014 • Construction, Development, French Quarter, Historic, Multi Family • 7348

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 • 10533

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 • 11653

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 • 15922

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 • 7658

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 • 9573

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 • 6215

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 • 5546

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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