Canal Street Beat | New Orleans Real Estate News

Slidell Apartment Complex Trades For $28 Million

October 19, 2018 • Acquisitions, Multi Family, Northshore • 3755

The Pelican Pointe Apartments in Slidell, Louisiana, have been purchased for $28.6 million. The purchaser is Tampa-based Carter Multifamily, a group of companies focused on multifamily real estate opportunities Built in 2000, the Pelican Pointe has 266 units consisting of of twenty-two, three-story residential buildings, a two-story clubhouse/office building, and a maintenance building. Carter plans an [&hellip
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The Rose Collaborative is a New Hub For NOLA Arts and Entrepreneurship

October 16, 2018 • 7th Ward, Community Development, Economic Development, Entrepreneurship, Renovation • 5435

The Seventh Ward of New Orleans is home to a new hub for New Orleans art, culture, entrepreneurship, and innovation. The idea for redevelopment of the vacant properties on Bayou Road and Columbus Street came when community leaders identified the need for a campus focused on cultural arts education in the city. In 2011, the [&hellip
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Lauricella Secures Initial Approval For Major Mixed-Use Elmwood Redevelopment

October 12, 2018 • Development, Jefferson Parish • 6033

Lauricella Land Co., the owner of Elmwood Center and developer of much of Elmwood, secured a key Jefferson Parish council vote this week in its bid to redevelop the Elmwood Shopping Center into a new mixed-use community. Lauricella has proposed building up to 500 new apartments with new retail and dining options. Lauricella had asked the council [&hellip
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New Virgin Hotel Files Construction Plans To Start Work

October 9, 2018 • Central Business District, Development, Hotel & Hospitality • 7336

We’ve been waiting years for the proposed Virgin Hotel at 550 Baronne Street to move forward after getting City Council approval in 2015 and announcing a ground-breaking in 2017. Mathes Brierre, the project architects, filed the construction permit set of plans last month. The project calls for a 14 story, new construction Virgin Hotel with [&hellip
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New York Firm Selected To Lead Charity Hospital Redevelopment

October 3, 2018 • Central Business District, Development, Public Development • 16517

The LSU Foundation has selected 1532 Tulane Partners, a joint venture between New York-based El Ad U.S. Holdings and New Orleans-based CCNO Development Inc., to lead the redevelopment of Charity Hospital. The total project cost is expected to be $564 million. Their plan calls for a mix of market rate apartment, affordable apartments, retail, and office [&hellip
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Metairie’s Executive Office Tower Completes Renovations

October 2, 2018 • Jefferson Parish, Office • 5467

After being purchased earlier this year, the Executive Office Tower, a 184,608-square-foot, 14-story high-rise at 3500 North Causeway Blvd. has announced that renovations were recently completed. Dallas-based Provident Realty Advisors Inc. and Metairie-based Property One Inc. purchased the property together through Esplanade 2018 Partners LLC. Renovations included remodeled elevators and upgrades to the common areas. The office [&hellip
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DDD to Honor Six Downtown Businesses With 2018’s Downtown NOLA Awards

September 25, 2018 • News • 4136

The Downtown Development District (DDD) has announced the winners of its annual Downtown NOLA Awards, with a ceremony for the honorees on Friday, September 28 at The Jung Hotel & Residences at 1500 Canal Street. The awards are an annual program designed to recognize “exceptional accomplishments of Downtown NOLA property owners, businesses, residents, workers and organizations.” This year’s [&hellip
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New Orleans Historic Preservation Specialists Acquired By National Firm

September 24, 2018 • Architecture & Design, Entrepreneurship • 5066

Washington, D.C.-based MacRostie Historic Advisors (“MHA”), a national tax credit advisory firm, has acquired New Orleans-based historic preservation consulting firm Clio Associates. Financial terms of the deal were not disclosed. Both MHA and Clio provided historic preservation consulting services to owners, developers, lenders and investors renovating historic structures. With the acquisition, Clio founders Beth Jacob [&hellip
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Check Out The Complete Charity Hospital Redevelopment Proposals

September 21, 2018 • Central Business District, Hotel & Hospitality • 11369

After years of abandonment since Hurricane Katrina and several attempts to redevelop Charity Hospital, LSU and the LSU Foundation decided to move forward again to redevelop the Charity Hospital building in downtown New Orleans. This week, the LSU Foundation released full details of the two finalists HRI Properties and 1452 Tulane Partners. Both plans call for a mix [&hellip
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210 Apartment Mixed-Used Project in Lower Garden Moves Forward

September 17, 2018 • Development • 5802

The proposed 210-unit apartment development slated for the former Schwegmann’s at 1301 Annunciation has made progress all summer, with site clearing and demolition work now complete. The next phase of the project will begin later this year. Ohio-based Edwards Communities has proposed a mixed-use apartment building with retail at the site of the former Schwegmann’s. Plans [&hellip
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