Canal Street Beat | New Orleans Real Estate News

Capital One Branch At Magazine & Jefferson To Close

February 18, 2014 • Finance & Lending, Uptown • 5825

Capital One is closing its branch at 830 Jefferson Avenue, which sits at the corner of Magazine Street and Jefferson Avenue. The branch will permanently close May 16, 2014. In a written statement, Capital One cited the reason for closing as a “way to keep costs down so we can keep our fees and rates [&hellip
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The Advocate Moves Headquarters to 840 St. Charles Avenue

February 17, 2014 • Office, Warehouse District • 10131

The New Orleans Advocate reports that they will be moving their headquarters to a new office at 840 St. Charles Avenue. The newspaper will take over the 23,000-square-foot former Klein Motors car dealership turned dance hall at 840 St. Charles Ave. Business magnate John Georges, who also owns the Advocate, purchased the building for $1.63 [&hellip
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Construction Progress at Brennan’s 425 Notre Dame Luxury Condos

February 17, 2014 • Condos, Construction, Development, Warehouse District • 9318

Construction of the luxury mid-rise condos at 425 Notre Dame Street is moving along nicely, as you can see in the photos below. 425 Notre Dame will include 47 luxury units ranging from one to four bedrooms, with a ton of amenities including a and a rooftop dog park, 24-hour doorman, a backup generator, swimming [&hellip
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New Orleans Condo Market Strong, Second Home Buyers are a Driving Force

February 14, 2014 • Condos • 8971

The New Orleans Condo Market is very strong and would be even stronger if there were a larger supply of condos to sell. I see this in all areas of New Orleans where people are looking for condos. The homes are selling quickly and are rising in price, and condos are following in their footsteps. [&hellip
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Tracage Finally Breaks Ground: Construction Photos

February 14, 2014 • Construction, Development, Warehouse District • 8543

After a long and arduous 7 years, the developer of the Tracage luxury apartment building in the Warehouse District finally got final approval to build the 16 story building in early January. New Orleans-based developer TJ Iarocci finally broke ground on the project and started moving dirt at some point in the last 30 days. [&hellip
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More NORA Properties To Hit The Auction Block March 29

February 13, 2014 • Community Development, News, Public Development • 5374

The New Orleans Redevelopment Authority (NORA) is hosting their next property auction will be held March 29, 2014 at the New Orleans Ernest N. Morial Convention Center. NORA is asking interested buyers to submit an “expression of interest” on their website by February 18. No word yet on what properties will be up for sale [&hellip
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Links: $6.6 Million Esplanade Development; Courtyard Brewery; Shotgun Houses

February 13, 2014 • News • 4715

Proposed Courtyard Brewery Plays The Waiting Game [Curbed] The history of New Orleans’ famous shotgun houses from Richard Campanella [nola.com] $6.6 Million Esplanade Avenue housing project gets go ahead [The Advocate] Gentilly Rain Garden is First Project in ‘Living With Water’ Plan [Curbed
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First NBC Boosts Earnings On Tax Credit Deals; IberiaBank Moves Into Dallas

February 12, 2014 • Finance & Lending, Tax Credits • 6079

First NBC Bank‘s investments in real estate developments and New Markets Tax Credits helped the bank more than double its earnings in 4Q 2013. The bank reported earnings up nearly 40 percent to $40.9 million for the year, or $2.32 per share compared to $2.02 per share in 2012, an increase of 14.9 percent. Much [&hellip
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Links: Launchpad Plans Alive, Regional Business Park, Corner Demo Denied

February 12, 2014 • New Orleans East, News, Sports & Specialty, Zoning and Land Use • 5164

Auditor questions value, purpose of N.O. Regional Business Park [The Advocate] Launch Pad plans alive despite not getting ArtWorks space [nola.com] Nashville corner-store demolition is denied [ TheLensNola.org] NBA All-Star Weekend to Transform Downtown [The Advocate] &nbsp
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$8 Million New Orleans Jazz Market To Break Ground In 60 Days

February 11, 2014 • Central City, Sports & Specialty, Tax Credits • 8080

The renovation of 1436 Oretha Castle Haley Blvd into a 14,000 square foot performance space and community center for the New Orleans Jazz Orchestra should kick off in the next 60 days. The orchestra bought the building in September for $600,000 from Cayman Realty LLC. The building occupies land that originally made up part of [&hellip
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