Canal Street Beat | New Orleans Real Estate News

Cotton Exchange Hotel to Launch under This European Flag

December 18, 2013 • Central Business District, Hotel & Hospitality • 4958

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 • 10400

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 • 5145

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 • 5603

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 • 7513

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 • 3831

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 • 3698

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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NOLA Development Surge Adds to Parking Demand

December 11, 2013 • Central Business District, Development, Zoning and Land Use • 4254

The abundance of development throughout New Orleans, especially a new residential concentration downtown, is calling attention to the availability of parking. Although new parking structures are in the works, urban planning experts say they shouldn’t be the automatic option for developers. Developments like the South Market District project, 425 Notre Dame, The Hibernia Building, 225 Baronne, [&hellip
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NOLA Loses Allen Eskew, noted New Orleans Architect

December 11, 2013 • Architecture & Design, News, People • 6486

Allen Eskew, the noted New Orleans architect who worked on the 1984 World’s Fair and other major projects along the riverfront and throughout the city, died Tuesday morning at his home. He was 65. He started his firm, Eskew+Dumez+Ripple, in 1989 after working on the 1984 Louisiana World Exposition. Since then, the firm grew to [&hellip
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$2.7M Repositioning Earns Hotel National Renovation Award

December 10, 2013 • Awards & Recognition, Hotel & Hospitality, Renovation • 5701

Laurus Corporation’s Holiday Inn Express New Orleans received the InterContinental Hotels Group (IHG) 2013 Renovation Award for its successful completion of major modernization and renovation programs during the past year. In March 2012, private real estate investment and development firm Laurus Corporation acquired the 130-room lodging establishment, implemented a $2.7 million renovation program and rebranded [&hellip
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