Canal Street Beat | New Orleans Real Estate News

Look Who’s Finally Buying the Orpheum Theater

January 18, 2014 • Acquisitions, Central Business District, Sports & Specialty • 8012

BestofNewOrleans.com reports that Roland Von Kurnatowski, founder of the Tipitina’s Foundation, and Dr. Eric George will buy the Orpheum Theater with a closing in February. The Orpheum has been closed since Hurricane Katrina and has changed hands several times. The new buyers have plans for a full $10 million renovation with an estimated opening in 2014. [&hellip
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Construction Photos: NOCCA Forum Building

January 17, 2014 • Bywater, Construction, Marigny, Tax Credits • 73546

We drove by the NOCCA Forum building development to check on the progress and it looks like construction is moving right along. For those not familiar, the NOCCA Forum development is a $26.6 million, 60,000-square-foot expansion of The New Orleans Center for Creative Arts campus. The school is renovating several 19th-century warehouses adjacent to its [&hellip
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$50 Million Hotel Complex Planned for Westbank

January 17, 2014 • Hotel & Hospitality, Public Development, West Bank • 6075

Nola.com reports that a New Orleans-based hotel developer has plans to build a $50 Million hotel complex on vacant westbank land.BN Management, a hotel operator and developer led by Mr.Nguyen, is putting together the deal on a vacant tract of land in Terrytown. He got one step closer to that dream Wednesday when the Gretna [&hellip
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Renderings of NOLA’s New $826 Million Airport

January 17, 2014 • Architecture & Design, Economic Development, News, Public Development, Public Finance • 17719

Yesterday the Landrieu Administration released their plans for a brand new terminal complex at the Louis Armstrong New Orleans International Airport. Landrieu and NOAB unveiled conceptual renderings of the 650,000-square-foot terminal complex that features two concourses with 30 gates, a consolidated checkpoint, seamless connections between concourses and 2000 parking garage spaces. The North Terminal design [&hellip
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Motwani Developing 1101 Decatur Into Multifamily and Retail

January 16, 2014 • Construction, Development, French Quarter, Historic, Multi Family • 7527

Construction has started on the historic renovation of the building located at 1101 Decatur Street in the French Quarter. VTM Properties, LLC, an entity controlled by Chandru Motwani, has partnered with Woodward Design + Build to renovate the historic french quarter property. Motwani and Woodward are also working together on the luxury apartments in the [&hellip
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Plans For New Grocery Store on St. Charles Ave. Revealed

January 16, 2014 • Uncategorized • 10747

The building at 2025 St. Charles Avenue, vacant for years, has a new grocery store coming soon. The building was most recently in use as Crescent City Billiards Lounge, which apparently went out of business several years back. Theresa Yu Song, a westbank resident, bought the building in 2007 for $700,000. The grocery store’s entrepreneur [&hellip
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Check out the Plans for Il Mercato on Magazine

January 16, 2014 • Architecture & Design, Lower Garden District, Magazine Street • 11883

In December we reported that caterer and restauranteur Joel Dondis purchased the former marketplace at 1911 Magazine St. for $2 million. At the time, we heard he had planned to develop it into a large banquet hall for wedding parties and corporate events. The 12,100 square foot building’s Spanish-style architectural features will be restored to [&hellip
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New RFP Issued For Former Six Flags Site

January 15, 2014 • Public Development, Public Finance • 16117

New Orleans’ Industrial Development Board on Tuesday (Jan. 14) opened the 150-acre former Six Flags amusement park site in eastern New Orleans to proposals from developers. The former Jazzland and Six Flags site has been closed since Hurricane Katrina. Last year, plans for the development of a 400,000-square-foot outlet mall were scrapped after the $70 [&hellip
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Fidelity Homestead Acquires NOLA Lending Group

January 14, 2014 • Acquisitions, Finance & Lending, News • 7879

Fidelity Homestead Savings Bank of New Orleans has acquired NOLA Lending Group, LLC of Mandeville. NOLA Lending, founded in 2002, is one of the area’s largest residential mortgage lenders. NOLA Lending originated more than $1.25 billion in loans over the past two years and has 24 offices in Louisiana, Mississippi, Tennessee, Florida and Alabama. Last year, [&hellip
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Luxury Apartments Under Development at Camp & Canal

January 14, 2014 • Central Business District, Construction, Development, Tax Credits • 9816

Woodward Design+Build began renovations on three adjacent office buildings at Canal and Camp that will add another 44 apartment units to the growing downtown supply. The Giani Building as the project is being called, is $15 million project to convert 600 Canal St., 604 Canal St., and 113-117 Camp St. into an assortment of luxury [&hellip
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