Canal Street Beat | New Orleans Real Estate News

New Lakeview Medical Clinic Gets CPC Staff Green-light

May 9, 2018 • Development, Healthcare, Lakeview/Lakefront, Zoning and Land Use • 4948

The proposed “Lakeview Medical Clinic”, a new medical office building to be built at 5243 Canal Boulevard, has been recommended for approval by the City Planning Commission staff, according to Midcity Messenger. Plans call for a 22,000 square foot office building with retail and a pharmacy. Because the project is larger than 5,000 square feet, [&hellip
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Computrols Moves Headquarters Into New 43,000 Square Foot Space

May 8, 2018 • Economic Development, Jefferson Parish, Office • 4122

In 2016, New Orleans-tech company Computrols purchased and planned to move into the former Times-Picayune building in Gretna. On April 20, the company celebrated the grand opening of the new, 43,000 square foot tech center. The company spent nearly $2 million to purchase and renovate the 43,000-square-foot office and warehouse space at 2520 Belle Chasse Highway in Gretna. [&hellip
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Coffee Shop & Retail Development Planned For Corner of State & Magazine

May 4, 2018 • Development, Retail, Uptown • 6680

Developers Brian Gibbs and Clay Cambre are planning to develop a 7,500 square foot retail development at the corner of State and Magazine according to our friends at Uptown Messenger. The site is currently vacant, and was formerly the Shell station that was demolished last year. The developers held a meeting with the Audubon Riverside Neighborhood [&hellip
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$25 Million, 4-Story Apartment Complex Planned for Treme [Check Out The Renderings]

May 1, 2018 • Multi Family, Public Development, Public Finance, Treme • 7398

McCormack Baron Salazar, one of the nation’s largest developers, has filed plans for design review for the construction of a new apartment complex in Treme. The project will feature 76 apartments and total 82,000 square feet built over four stories. 30 of the units are reserved for former Iberville residents and 46 will be available [&hellip
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14 Story Metairie Office Tower Trades

April 25, 2018 • Acquisitions, Commercial, Office • 6058

The Executive Office Tower, a 184,608-square-foot, 14-story high-rise at 3500 North Causeway Blvd. has been purchased by an undisclosed firm out of Dallas. The sale price was not disclosed. Keystone Engineering is one of the office tower’s tenants, and they will remain in the space. The office space is currently being marketed for $18 per square [&hellip
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Riverfront Development Gets Council Approval For 187 Apartments

April 24, 2018 • Development, Multi Family, West Bank, Zoning and Land Use • 7892

Last week, developer Philip Spiegleman of River Street Ventures secured approved of the City Council for a scaled down version of his proposed project on the riverfront in Algiers. The final project will include 187 apartments, down from a proposed 345 units. The project features a public plaza, 1,500 square foot part, and 187 apartments, 19 [&hellip
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Plans Finalized for The Julia at Saint Charles, Opening April 2019

April 18, 2018 • Central Business District, Commercial, News, Residential • 11530

In June, plans were approved for a $50 million downtown mixed-use development called The Julia at Saint Charles. The development was initiated by Woodward Interest and Audubon Capital Partners, a private equity real estate firm based in Boston. The plans have been finalized by architect Trapolin-Peer and more details about the high end development are [&hellip
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$35 Million Co-Living Development ‘Two Saints’ Secures IDB Tax Incentive

April 16, 2018 • Development, Multi Family, Tax Credits • 11395

Last week, the Industrial Development Board (IDB) approved a payment in lieu of taxes(or ‘PILOT’) for Marcel Wisznia’s Two Saints project, a co-living concept in the warehouse district. The PILOT will save Wisnia nearly $3.7 million over 15 years. (Check out the initial renderings here). During the 24 months of construction, Two Saints will pay the [&hellip
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Corporate Realty Annual Office Report: Very Stable, but Slow Growth

April 12, 2018 • News • 3927

Corporate Realty this week released its annual New Orleans Office Market Report. In the report, Corporate Realty President Mike Siegel noted that “Over the past several years, the New Orleans office market has shown a great deal of stability but very little growth. The Greater New Orleans office market continues to be the beneficiary of [&hellip
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$100 Million Odeon Tower To Break Ground in May

April 9, 2018 • Central Business District, Construction, Development, Multi Family, Warehouse District • 9523

The Domain Co.’s, developer of the South Market District, will break ground on the new $100 million apartment tower called the Odeon in May. The tower will be constructed on the surface parking lot on Loyola Avenue between Julia and Girod streets. The Odeon will be a 414,000-square-foot tower with 271 apartments, ground-floor retail, three floors of [&hellip
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