Canal Street Beat | New Orleans Real Estate News

$40 Million Tulane Avenue Apartment Complex Breaks Ground

July 16, 2018 • Development, Mid-City, Multi Family • 10721

The ground-up, 7-story apartment building at 2424 Tulane Avenue has broken ground, with a scheduled completion date in 2019. The $40 million project of market-rate apartments is being built at the site of the former Capri Motel. Developer Kevin Frischertz purchased the property in April 2016, and later demolished the former Capri Motel. The project will [&hellip
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Drive Shack Seeks Additional Sales-Tax Incentive For New Complex

July 12, 2018 • Development, Food & Beverage, Sports & Specialty, Zoning and Land Use • 5356

Drive Shack and the developers behind the new golf-entertainment complex proposed for the former Times-Picayune headquarters are seeking to create a new taxing district which would increase sales tax at the Drive Shack facility, according to our friends at Uptown Messenger. In particular, the group is seeking the creation of a new “Broad Street Sports [&hellip
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Tesla Opening New Service Center in New Orleans

July 10, 2018 • Development, Uptown, Zoning and Land Use • 13666

Electric car maker Tesla Motors has filed plans to build a new service and delivery center in New Orleans. Plans were filed with the city to convert the warehouse at 2801 Tchoupitoulas Street into a 16,000 square foot repair center and office, and a 30,000 square foot warehouse to house 70 vehicles. This will be [&hellip
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The Odeon — Tallest Building To Be Built in 30 Years — Breaks Ground in NOLA

July 2, 2018 • Development, Warehouse District • 16492

The $106 million development known as The Odeon has broken ground in the South Market District. New Orleans-based The Domain Companies is behind the project, which will include 271 apartments, 200 parking spaces, and 12,000 square feet of retail in a 414,000 square foot building. The project will be constructed at a surface parking lot on [&hellip
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Luxury Bywater Condo Project Moves Forward With New High-End Design

June 29, 2018 • Architecture & Design, Bywater, Condos • 8199

New Orleans-based MKRED started working on the Bywater luxury condo project ’32Hundred’ back in 2015 when it secured city and HDLC approval. After a short delay, MKRED completely redesigned the project and secured HDLC Architectural Review Committee approval this week. “This project is a much more mature representation of how MKRED has grown over the [&hellip
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Corporate Realty Takes Over Management of Exchange Center and Rault Building Office Towers

June 27, 2018 • Office • 6174

Corporate Realty announced this week that it was selected to provide property management services for the Exchange Centre at 935 Gravier in New Orleans, along with the 2400 Veterans Blvd. Building in Kenner. The properties, with a combined square footage of 488,000 square feet are owed by local investor, Kingfish Development. “We appreciate Kingfish’s confidence in our [&hellip
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National Architecture Firm’s Local Geospatial Hub To Handle $100 Million Contract

June 25, 2018 • Architecture & Design, Awards & Recognition, Jefferson Parish • 4081

Atlanta-based Pond Architects Engineers Planners won a five year, $100 million contract from the U.S. Army Engineering and Support Center. The firm’s 30 person Metairie office will fulfill and administer the job. The services are for the Army’s joint venture with Ohio-based geospatial engineering firm Woolpert, and include real estate planning and programming for Army bases [&hellip
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Plans to Convert Elmwood Into a Town Center Include New 250 Apartment Mixed-Use Project

June 21, 2018 • Development, Jefferson Parish, Multi Family, Retail • 14803

Lauricella Land Co., the owner of Elmwood Center and developer of much of Elmwood, has announced future plans to convert the strip mall into a town center in the coming years, according to Nola.com. In particular, Lauricella has released renderings for a new, five story building consisting of 85,000 square feet of retail on the first [&hellip
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Stirling Properties To Redevelop Old Metairie Village

June 19, 2018 • Construction, Jefferson Parish, Retail • 5660

Stirling Properties has announced that it will lead the renovation and redevelopment of the Old Metairie Village shopping center, an 84,400-square-foot, 3-story mixed-use development located at the corner of Metairie Road and Focis Street in Metairie, Louisiana. Plans for the $2.5 million project consists of an overall upgrade to the entire façade, including the addition [&hellip
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Westbank Apartment Complexes Trade For $56 Million

June 15, 2018 • Acquisitions, Multi Family, West Bank • 4240

Two Gretna apartment buildings have been purchased by an Alabama company for $56 million, according to The Advocate. The Cedarwood Apartments at 2350 Park Place and Baywood East and West Apartments at 500 Wall Blvd. were sold by California-based Delta Alliance Capital Management to Mobile-based Multifamily Management Inc. Both complexes are at 93% occupancy, with [&hellip
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