Canal Street Beat | New Orleans Real Estate News

JP Breaks Ground on Woodmere Community Center

December 3, 2013 • Community Development, Jefferson Parish • 5844

A $1.2 million construction permit was issued Nov. 20 for the Woodmere Community Center in Harvey on Edgewood Street at Woodmere Park, which will serve a community of more than 12,000 residents. Three fourths of the financing came from the state with the rest from Jefferson Parish. The community center features a 3,400-square foot building [&hellip
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Stirling Acquires Class A Office Building in Baton Rouge

December 2, 2013 • Acquisitions, Baton Rouge, Office • 4391

Stirling Eight United Plaza LLC, an entity comprised of local investors led by Stirling Properties, acquired United Plaza VIII from Wink United Plaza LLC on November 25, 2013. Built in 1993, the 3-story, Class A office building is located at 8641 United Plaza Boulevard in the United Plaza Office Park in Baton Rouge, Louisiana. The [&hellip
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Construction Well Underway On Tulane’s Yulman Stadium

December 2, 2013 • Construction, Sports & Specialty • 8406

Tulane is making significant progress on the construction of its new $72 million, 30,000 person seat football arena, Yulman Stadium. Reports are that construction alone will cost $63.5 million, and the remainder will be eaten up by soft costs. The major donors are Tom and Gayle Benson ($7.5 million to name the field), Jill and [&hellip
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Pontchartrain Housing Corp. Moves Forward With New 37,000 sf Head Quarters

December 2, 2013 • Commercial, Construction, Development, Mid-City, Office • 8068

The Pontchartrain Housing Corp., a non-profit manager of affordable housing the Archdiocese of New Orleans, is building its new 37,000-square-foot corporate office building on a vacant parcel of land at 3900 Howard Ave. The site used to house a warehouse, but those improvements were demolished in 2012. Pontchartrain Housing Corp. purchased the property for $1.198 [&hellip
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Blighted Algiers Condos Finally Demolished

December 1, 2013 • Public Development, West Bank • 4683

Algiers residents who worked for 6 years to to get the blighted condos at 1100 Patterson Road demolished finally saw the fruit of their labor last week when the 30 unit condos building was destroyed within a few hours. “We never gave up,” says Skip Gallagher, a Board Member and former President of the Algiers [&hellip
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Strong Demand For Multi-Family Apartments Will Continue Into 2014

November 29, 2013 • Multi Family • 10530

Larry G. Schedler & Associates, Inc. just released its 22nd issue of the Greater New Orleans Multi-Family Report, which surveys rental and occupancy data from 130 properties, comprised of 30,423 units located in eight submarkets. The survey focused on market rate properties which are well managed and fully operational covering a wide age spectrum. In [&hellip
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Fowler Plans Five-Story Condo Building For Oak Street

November 27, 2013 • Carrollton, Condos, Development, Uptown • 6028

Developer George Fowler IV has plans for a five-story condo building with a large ground-floor commercial space on Oak Street. Plans call for 3,000 square feet of commercial space on the ground floor with 46 parking spaces, and 24 condo units in four floors above in a building called Oak Lofts. Fowler says his ideal [&hellip
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Southern Theatres Newly Built Kenner Multiplex To Open Dec. 12

November 27, 2013 • Development, Retail • 5253

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 • 5597

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 • 7896

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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