Canal Street Beat | New Orleans Real Estate News

Strong Demand For Multi-Family Apartments Will Continue Into 2014

November 29, 2013 • Multi Family • 10320

Larry G. Schedler & Associates, Inc. just released its 22nd issue of the Greater New Orleans Multi-Family Report, which surveys rental and occupancy data from 130 properties, comprised of 30,423 units located in eight submarkets. The survey focused on market rate properties which are well managed and fully operational covering a wide age spectrum. In [&hellip
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Fowler Plans Five-Story Condo Building For Oak Street

November 27, 2013 • Carrollton, Condos, Development, Uptown • 5740

Developer George Fowler IV has plans for a five-story condo building with a large ground-floor commercial space on Oak Street. Plans call for 3,000 square feet of commercial space on the ground floor with 46 parking spaces, and 24 condo units in four floors above in a building called Oak Lofts. Fowler says his ideal [&hellip
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Southern Theatres Newly Built Kenner Multiplex To Open Dec. 12

November 27, 2013 • Development, Retail • 5069

New Orleans-based Southern Theatres will open its newly built multiplex — the Grand 14 Esplanade — on the evening of Thursday, Dec. 12. The Grand 14 Esplanade will feature all stadium-seating auditoriums with digital projection and 3-D capabilities. Plans call for one “premiere” auditorium with a three-story-tall screen and “a fully immersive digital projection and [&hellip
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Tiffany & Co. Jewlery Opens at Canal Place

November 27, 2013 • Central Business District, Retail • 5422

Tiffany & Co., the world’s second largest luxury jewelry retailer, opened its first New Orleans jewelry store at the Shops at Canal Place on Wednesday. The 3,900-square-foot store includes bridal, fine and fashion jewelry sections. The new store, in space formerly occupied by Mignon Faget, employs 21 people. Jeweler Mignon Faget moved into a new store [&hellip
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18,000-square foot Fulton Alley Opens Downtown

November 27, 2013 • Central Business District, Development, Food & Beverage, Retail, Warehouse District • 7660

Fulton Alley, the high-end bowling alley on the ground floor of Harrah’s Casino parking garage at 600 Fulton, has opened with a bang. Developers Kyle Brechtel (Brechtel Hospitality), Neal Bodenheimer (Cure) and Kirk Estopinal (Cure) put a lot of money and touch into the beautiful 18,000-square foot, 12-lane entertainment center. Bodenheimer and Estopinal created the [&hellip
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Fremaux Town Center Grand Opening Set for March 2014

November 27, 2013 • Development, Northshore, Retail • 4367

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 • 4814

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 • 5859

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 • 9000

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 • 8872

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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