Canal Street Beat | New Orleans Real Estate News

441 Unit Esplanade at City Park Apartments Sell for $54.5M

December 5, 2013 • Acquisitions, Mid-City, Multi Family • 6862

Priderock Capital Partners of West Palm Beach, Fla., purchased the 441-unit Esplanade at City Park, 3443 Esplanade Ave., for $54.5 million in a deal that closed Nov. 19. The seller is listed as Old Man River Esplanade LLC, a group led by New York real estate investor Jeffrey Feil. His family company, The Feil Organization, [&hellip
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Stirling Properties Break Ground on River Chase Shopping Center Expansion

December 4, 2013 • Construction, Development, Northshore, Retail • 5552

Stirling Properties just broke ground on a 9,000 SF expansion to River Chase Shopping Center in Covington, Louisiana. Construction recently commenced on the 2-tenant building that will be the future home to Men’s Wearhouse and Bellagio Salon & Spa. Located next to Region’s Bank, both stores will open summer of 2014. Men’s Wearhouse, a specialty [&hellip
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Tulane Moves Forward With New Riverfront Tech Campus

December 4, 2013 • Central Business District, Construction, Economic Development • 4071

Tulane’s plan for a new technology campus focused on coastal applied sciences and engineering is finally moving forward. The plan, originally called Riversphere, has been in the works since before Katrina. The new campus will house the Tulane University Riverfront Campus for Applied Coastal Sciences and Engineering and will be located in downtown New Orleans [&hellip
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JP Breaks Ground on Woodmere Community Center

December 3, 2013 • Community Development, Jefferson Parish • 5648

A $1.2 million construction permit was issued Nov. 20 for the Woodmere Community Center in Harvey on Edgewood Street at Woodmere Park, which will serve a community of more than 12,000 residents. Three fourths of the financing came from the state with the rest from Jefferson Parish. The community center features a 3,400-square foot building [&hellip
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Stirling Acquires Class A Office Building in Baton Rouge

December 2, 2013 • Acquisitions, Baton Rouge, Office • 4194

Stirling Eight United Plaza LLC, an entity comprised of local investors led by Stirling Properties, acquired United Plaza VIII from Wink United Plaza LLC on November 25, 2013. Built in 1993, the 3-story, Class A office building is located at 8641 United Plaza Boulevard in the United Plaza Office Park in Baton Rouge, Louisiana. The [&hellip
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Construction Well Underway On Tulane’s Yulman Stadium

December 2, 2013 • Construction, Sports & Specialty • 8206

Tulane is making significant progress on the construction of its new $72 million, 30,000 person seat football arena, Yulman Stadium. Reports are that construction alone will cost $63.5 million, and the remainder will be eaten up by soft costs. The major donors are Tom and Gayle Benson ($7.5 million to name the field), Jill and [&hellip
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Pontchartrain Housing Corp. Moves Forward With New 37,000 sf Head Quarters

December 2, 2013 • Commercial, Construction, Development, Mid-City, Office • 7892

The Pontchartrain Housing Corp., a non-profit manager of affordable housing the Archdiocese of New Orleans, is building its new 37,000-square-foot corporate office building on a vacant parcel of land at 3900 Howard Ave. The site used to house a warehouse, but those improvements were demolished in 2012. Pontchartrain Housing Corp. purchased the property for $1.198 [&hellip
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Blighted Algiers Condos Finally Demolished

December 1, 2013 • Public Development, West Bank • 4509

Algiers residents who worked for 6 years to to get the blighted condos at 1100 Patterson Road demolished finally saw the fruit of their labor last week when the 30 unit condos building was destroyed within a few hours. “We never gave up,” says Skip Gallagher, a Board Member and former President of the Algiers [&hellip
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Strong Demand For Multi-Family Apartments Will Continue Into 2014

November 29, 2013 • Multi Family • 10353

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 • 5787

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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