Canal Street Beat | New Orleans Real Estate News

City To Build New $6.5 Million Rosenwald Center

November 22, 2013 • Community Development, Public Development • 7792

The city received six bids earlier this month for the reconstruction of the Rosenwald Center on South Broad Street near Earhart Boulevard. The multi-use community center was once New Orleans’ only major recreational facility for African-Americans during segregation. Gibbs Construction submitted the low bid of $6.74 million for the project. Other bids were received from [&hellip
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$8 million Gretna Shopping Center Expansion Adds Office Building

November 22, 2013 • Retail, West Bank • 7119

In addition to the $8 million expansion already underway,the owners of the Westside Shopping Center North received approval from the Gretna City Council for a brand new, 11,250 square-foot building for retail office space. The office building is the latest addition to a large expansion started last year by Realm Realty of Houston. The [&hellip
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Regions Bank To Grace City Skyline at 400 Poydras

November 21, 2013 • Central Business District, Commercial • 8755

Regions Bank’s logo will soon grace the New Orleans skyline. The publicly-traded Birmingham, Ala.-based company is adding its name to the top of its regional headquarters at 400 Poydras St. The cost of the sign is $580,000 with dimensions roughly 6 feet high and 49 feet long. The building, owned by Hertz Investment Group of Los [&hellip
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Redevelopment of $70 Million Riverwalk Moves Forward

November 21, 2013 • Central Business District, Commercial, Development, Retail • 11074

The Developer of the $70 million conversion of the Riverwalk Marketplace offered a first look at their progress this week. Dallas-based Howard Hughes Corp. is transforming the Riverwalk Marketplace into The Outlet Collection at Riverwalk – the nation’s first downtown outlet center – and reopening it as a vibrant waterfront destination offering upscale fashion, local [&hellip
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Baton Rouge to NOLA rail service study due by year’s end

November 21, 2013 • Construction, Economic Development, Public Development, Transportation • 4582

A study to determine the feasibility of operating passenger rail service between Baton Rouge and New Orleans and how to finance the project should be completed by the end of the year. Plans are for the rail line to start near downtown Baton Rouge, around Florida Boulevard or Government Street, then make a stop either [&hellip
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City of New Orleans To Auction 5 Properties

November 20, 2013 • Public Development • 4834

On Friday, December 13, the City of New Orleans will auction five City-owned properties in the City Hall Council Chambers at 10:00 a.m. The Department of Property Management through the Division of Real Estate and Records will conduct the auction. The properties are 2552 St. Philip Street, 6038 St. Claude Avenue, 7450 Paris Road, 801 [&hellip
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$34 Million Lake Forest Charter Building Moves Forward

November 20, 2013 • Construction, Public Development • 5661

The Orleans Parish School Board on Tuesday voted to proceed with a $34 million construction contract to build a new Lake Forest Charter School building in eastern New Orleans. Concerns that the price tag was too hefty, the the board cut $1.7 million from the contract by eliminating 85 extra parking spaces and opting not [&hellip
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Luxury Apts. Planned For Former Mid-City School

November 20, 2013 • Development, Mid-City, Multi Family • 38323

Developer Narinder Gupta plans to convert the former Sacred Heart gym and school building in the 200 block of Rendon Street into luxury apartments. The development will feature over 20,000-square feet of luxury apartments and will be mostly two-bedroom, two-bath rentals with 25 parking spaces. Narinder Gupta purchased the building through his company, 217 South [&hellip
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Renovations Complete at Two Downtown Hotels

November 19, 2013 • Central Business District, Development, Hotel & Hospitality, Warehouse District • 5295

The Hilton Garden Inn New Orleans French Quarter/CBD and the Courtyard Marriott at 300 Julia Street have wrapped up renovations that give them a fresh makeover. The Hilton renovations logged in at $22,580/key, which included 155 guest rooms with an additional 2000 square feet of meeting spaces costing $3.5 million dollars. Guests can now enjoy [&hellip
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Music Coalition & City Planning Commission Host Meeting on New CZO

November 18, 2013 • Zoning and Land Use • 4514

The City of New Orleans is currently rewriting the Comprehensive Zoning Ordinance (CZO), which dictates the zoning and uses for properties throughout the city. This is the first time the CZO is being rewritten since the 1970’s, so this is a huge opportunity (and maybe your only opportunity) to create a more ‘culture friendly’ city. [&hellip
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