Canal Street Beat | New Orleans Real Estate News

Jeff Council Approves Cenacle Re-Subdivision

December 12, 2013 • Jefferson Parish, Zoning and Land Use • 3747

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 • 4335

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 • 6553

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 • 5753

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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HRI Closes On $100 Million Financing for 225 Baronne

December 9, 2013 • Central Business District, Development, Hotel & Hospitality, Multi Family, News, Tax Credits • 9093

Last week HRI Properties closed on a $100 million financing package for the redevelopment of 225 Baronne St. The 30-story downtown office building is being converted into apartments and an Aloft boutique hotel. HRI vice president of development Josh Collen stated that the project is being financed through a combination of federal and state historic [&hellip
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Civil Rights Museum Among ArtWorks Facility Bidders

December 6, 2013 • Public Development, Warehouse District • 4566

The failed, vacant Louisiana ArtWorks complex that’s being sold brought in four bids by Tuesday’s deadline. Two of the bidders — the New Orleans Culinary and Hospitality Institute and Launch Pad, a tech incubator — had announced their plans in recent days. The Lens reported the identity of a third bidder: the advisory board of [&hellip
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Boomtown Casino & Hampton Inn Construction Adds Hotel Rooms to West Bank

December 6, 2013 • Construction, Hotel & Hospitality, West Bank • 5131

A new $20 million Boomtown Casino luxury hotel and a four-story Hampton Inn will add more hotel rooms on the West Bank. Both are currently under construction. The newest additions to the West Bank hotel lineup are expected to open early next year. Boomtown will open in March. The five-story hotel will boast 150 rooms, [&hellip
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“Engine 37” Coffee House for Laurel Street Fire Station Wins City Approval

December 6, 2013 • News, Uptown, Zoning and Land Use • 4473

Sylvi Beaumont and her husband bought the former fire station from the city in a surplus property auction in May, and are proposing a coffee shop with a few apartments adjacent to it. Though the building’s zoning is residential, it has never been used as a residence, she noted, but as a coffeehouse will [&hellip
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441 Unit Esplanade at City Park Apartments Sell for $54.5M

December 5, 2013 • Acquisitions, Mid-City, Multi Family • 6886

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 • 5588

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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