Canal Street Beat | New Orleans Real Estate News

Southern Theatres Newly Built Kenner Multiplex To Open Dec. 12

November 27, 2013 • Development, Retail • 5099

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 • 5444

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 • 7702

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 • 4403

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 • 4837

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 • 5909

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 • 9033

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 • 8906

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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City Council Gives Final Approval For Magnolia Marketplace’s 1-Cent Sales Tax

November 23, 2013 • Development, Public Development, Retail, Tax Credits • 5583

The Magnolia Marketplace planned for South Claiborne Avenue will open in March 2015 with six national retailers and a fast-food restaurant — TJ Maxx, Ross, Michael’s, PetSmart, Shoe Carnival, Ulta cosmetics and Raising Cane’s. The $25 million project is being financed by a combination of private financing and federal New Market Tax Credits. The developers [&hellip
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Hotel Occupancy Down Slightly From 2012

November 23, 2013 • Hotel & Hospitality • 4592

According to Smith Travel Research’s Hotel Review, New Orleans’ occupancy rate dipped by about 3.1 percent last month to 74.9 percent compared with October 2012. The average daily room increased from about $148 per room in October 2012 to $156.76 last month. Revenue per hotel room also increased slightly by about $2 per room to [&hellip
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