Canal Street Beat | New Orleans Real Estate News

1-Cent Sales Tax For Magnolia Marketplace Development Moves Forward

November 15, 2013 • Development, Retail, Tax Credits • 6614

On Thursday the New Orleans City Council pushed forward plans to assess an additional 1 percent sales tax on all items sold at the proposed Magnolia Marketplace shopping center under development on Claiborne Avenue. The money generated from the 1-cent tax would be used to support bonds to pay for public infrastructure improvements and other [&hellip
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Check out Press Kabacoff’s $1 billion vision to redevelop New Orleans’ Downtown

November 15, 2013 • Development • 8470

Our friends over at The Lens did some great reporting 2 months back and put together a fantastic article about HRI’s founder Press Kabacoff’s vision for redeveloping downtown New Orleans. Kabacoff touches on everything from the Charity Hospital redevelopment to Iberville, to retail development on Canal Street. We thought it was so great we wanted [&hellip
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HRI Hires Tutor Perini as General Contractor for $61MM 225 Baronne Project

November 15, 2013 • Commercial, Construction, Development, Hotel & Hospitality • 6458

Tutor Perini Corporation, one of the largest general contractors in the United States with 2012 sales of $4.1B, has been hired HRI Properties to construct the 225 Baronne Mixed-Use Development Project in New Orleans. The development will include luxury apartments and a hotel. The contract is valued at $61.3 million. Tutor’s subsidiary Roy Anderson Corp. will [&hellip
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Coldwell Banker’s Mark Inman Named To Forum’s 45 Under 40 List

November 15, 2013 • Awards & Recognition • 6471

Mark Inman has been selected to Real Estate Forum’s 45 Under 40 List. Inman is a vice president and the managing partner with Coldwell Banker Commercial TEC Realtors in New Orleans. Globest.com reports that Inman is in the running as heir to lead Coldwell Banker TEC Realtors. This means that, in addition to working with [&hellip
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Warehouse District Apartment Tower Tracage To Finally Break Ground

November 14, 2013 • Development • 6361

The Tracage developers are finally moving forward with the development of the 182-foot tall luxury apartment building and expect to break ground in early 2014. The location of the Traçage in the warehouse district, where Annunciation Street meets the Pontchartrain Expressway, will include 140 luxury rate apartments, 6,000 square feet of retail space on the ground [&hellip
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Canal St. Luxury High-Rise Moves Forward, Building Permit Under Review

November 14, 2013 • Development • 5955

Mohan Kailas, the developer of 1031 Canal, is moving forward with the development of the the $70-million project. Last week his company applied for a building permit for the project that will 240 luxury residences and 15 penthouses with 56,000-square feet of retail space at the edge of the Quarter. The site at Canal and [&hellip
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Stirling’s Fremaux Shopping Center Ahead of Schedule

November 14, 2013 • Development • 8366

Nola.com reports that Stirling Properties, the developers of a huge retail/residential project in Slidell, announced Wednesday to the East St. Tammany Chamber of Commerce luncheon that there Fremaux Town Cener project will open in March 2014 ahead of schedule. When complete, it will bring up to 1,500 permanent jobs and up to $230 million in [&hellip
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Gulf Coast Housing Partnership To Redevelop Two Historic Buildings on Baronne

November 14, 2013 • Renovation • 3650

Gulf Coast Housing Partnership is redeveloping two buildings in Central City at 1725 and 1731 Baronne St. The 8,725-square-foot structure at 1725 Baronne is being renovated to house the Tulane School of Architecture’s applied urban research and outreach program. The 13,000-square-foot former streetcar power substation at 1731 Baronne is being rebuilt as a performing arts center [&hellip
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Welcome to CanalStreetBeat!

November 14, 2013 • News • 5720

The team at Silicon Bayou Media, LLC is excited to announce the launch of Canal Street Beat! We strive to make Canal Street Beat THE source of record for all things commercial real estate in the greater New Orleans area and promise you breaking news, in-depth stories, and behind-the-scenes information on the companies and players [&hellip
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