Canal Street Beat | New Orleans Real Estate News

Canopy by Hilton Downtown Set To Open Soon

January 18, 2022 • News • 5417

A new 176-key Canopy by Hilton is set to open in early 2022 in the former Oil & Gas building at 1100 Tulane Avenue. Maryland-based Baywood Hotels purchased the vacant14-story former office building in 2014 for $7 million and partnered with Dallas-based NewcrestImage on the conversion. The team announced the Canopy by Hilton flag in [&hellip
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Technology Firm General Dynamics Opening New Office in New Orleans

January 17, 2022 • News • 4808

General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced last month their intention to open a new office in New Orleans which will initially house 30 new employees. The yet-to-be disclosed location of the new facility is opening next spring and is immediately hiring technology staff to support federal government and [&hellip
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Commercial Real Estate Agency Corporate Realty Acquired by Benson Capital

December 17, 2021 • Acquisitions, Commercial, Investment, News • 3922

New Orleans-based commercial real estate agency Corporate Realty has been acquired by Benson Capital, an investment firm led by Gayle Benson focused on the Gulf South. There are currently 55 Corporate Realty employees, including President Mike Siegel who will remain in his role as the company continues to operate in New Orleans. “New Orleans and [&hellip
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Audubon Breaks Ground on New $55 Million Apartment Complex at Clearview

November 22, 2021 • News • 7294

Developers broke ground last week on the five-story, $55 million apartment complex “The Metro at Clearview.” It’s part of the $250,000,000 redevelopment of the Clearview Mall that also includes a new $100 million Ochsner Super Clinic. The Metro will have 270 apartment units that cost between $1,500 and $3,000 per month. Atlanta-based Audubon is the [&hellip
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Portion of Economy Iron Works Site To Become Mint House Hotel

October 25, 2021 • News • 5492

The historic Economy Iron Works site in the CBD, founded in 1922, is being redeveloped into Mint House New Orleans-Riverside, a 15 unit apartment-style hotel with studios, one and two-bedrooms. Each unit will include a full kitchen, workspace and an in-suite laundry. The size of the units will range from 400 square feet to 1,200 [&hellip
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Developer Selected for Six Flags Redevelopment

October 18, 2021 • News • 3771

The City OF New Orleans selected Bayou Phoenix, a team that has proposed a sports complex, an indoor and outdoor water park, a 200-room hotel, dining, retail, a logistics center and a “mega travel center” on the 227-acre property. Bayou Phoenix is made up of a consortium between Thomas Tubre, vice president of general contracting [&hellip
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Ryan Bates Named Vice President of Development for IDB Properties

September 13, 2021 • News • 3573

Ryan Bates is the new vice president of development for IDP Properties, a Georgia-based firm with holdings throughout New Orleans. Bates will be responsible for real estate development and new business in the New Orleans market as well as support the asset management team in overseeing the eight properties IDP Properties has in Louisiana. “Ryan’s extensive experience [&hellip
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DiamondRock Buys French Quarter Hotel

August 18, 2021 • News • 4210

Baltimore-based DiamondRock Hospitality Company has acquired the Bourbon Orleans Hotel, a lifestyle boutique hotel in the French Quarter from local developer MCC Real Estate Group, led by prominent businessman Joe Jaeger. Terms of the sale were not disclosed, but according to the company, the total investment in the 220-room Bourbon Orleans Hotel represents a 7% [&hellip
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Ollie’s Signs 29,000 SF Lease In Kenner

July 26, 2021 • News • 6183

Discount retailer Ollie’s Bargain Outlet plans to open a second location in the New Orleans metro area. The retailer has signed a 29,000 square foot lease at 393 W. Esplanade Avenue in Kenner. The site was the former Stein Mart location. This will be Ollie’s second store in the area, with its first store at [&hellip
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$325 Million Casino and Resort Proposed for Slidell Waterfront

June 28, 2021 • News • 5118

Developers planning a casino resort in the Slidell area are expanding the project by $75 million before it heads to St. Tammany Parish voters for consideration. Peninsula Pacific Entertainment (P2E) proposed building a casino resort southeast of Slidell near the Interstate 10 twin span bridge and along Lake Pontchartrain. The entire project would include a [&hellip
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