Canal Street Beat | New Orleans Real Estate News

This Hospital Operator Will Now Manage N.O. East Hospital

November 16, 2013 • Healthcare, New Orleans East, Public Development • 5272

In a move that solidifies its growing influence within the metropolitan hospital market, Louisiana Children’s Medical Center will take over the operation of the New Orleans East hospital under construction at the site of the former Pendleton Memorial Methodist Hospital. Under the deal, announced Friday as a signed “letter of intent” with the city, Children’s [&hellip
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Development of Six Flags Goes Back To The Drawing Board

November 16, 2013 • Commercial, Development, Public Development • 9878

The Industrial Development Board has formally scrapped a plan to build an upscale outlet mall at the former Six Flags site and will begin soliciting other ideas for redeveloping the abandoned theme park site in eastern New Orleans by the end of the year, board Chairman Alan Philipson said Tuesday. Just over a year after [&hellip
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H&M Makes New Orleans Debut

November 15, 2013 • French Quarter, Retail • 9430

H&M’s first store in Louisiana will open tomorrow! The 32,000-square-foot retail space will be at 418 N. Peter’s St., at the corner of Decatur and St. Louis. The New Orleans store will be one of the first U.S.sites to feature an H&M Home department. The stores sell clothing and accessories for adults and children. Rumor [&hellip
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New Retail Redevelopment at Magazine and Nashville

November 15, 2013 • Development, Magazine Street, Retail • 6047

The Uptown Messenger reports that three buildings at the corner of Magazine and Nashville will be reconfigured into a higher end retail development. Last summer, the Butler Callahan Holdings development company bought the property at the end of the 5700 block of Magazine where Rare Cuts, Vom Fass and Parcels and Post are currently located. [&hellip
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1-Cent Sales Tax For Magnolia Marketplace Development Moves Forward

November 15, 2013 • Development, Retail, Tax Credits • 6834

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 • 8709

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 • 6650

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 • 6626

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 • 6512

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 • 6090

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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