Canal Street Beat | New Orleans Real Estate News

Four Seasons Construction To Kick Off May 1

April 5, 2018 • Central Business District, Development, Hotel & Hospitality • 21670

Woodward-Carpenter, the development team behind the conversion of the former World Trade Center building into a new Four Season and Residences expects to break ground on construction May 1. The team is close to closing on construction financing, and expects to do so in April. The developers were supposed to have started by March 30, but [&hellip
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‘Lakeview Medical Clinic’ Proposed for Canal Boulevard

April 3, 2018 • Development, Healthcare, Lakeview/Lakefront • 5159

Developers Patrick Russo and John Stewart have proposed building a new three-story medical office building on the empty lot at 5243 Canal Boulevard. Plans call for a 22,000 square foot office building with retail and a pharmacy. Since its over 5,000 square feet, the developers need a conditional use from the city. The office building will [&hellip
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Harrah’s Proposed $350 Million Hotel Tower Gets House Approval

March 30, 2018 • Development, Hotel & Hospitality, Public Development • 8832

Harrah’s New Orleans has secured approval from the Louisiana House of Representatives to extend the state’s contract with the casino for another 30 years and to build their new $350 million hotel and expansion. On Thursday (March 29), the Louisiana House of Representatives voted 78-12 to extend the State’s contract and expand the property, including new restaurants, [&hellip
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Wisznia Breaks Ground on $49M Stephens Garage Redevelopment

March 28, 2018 • Central Business District, Development, Multi Family, Warehouse District • 10657

Developer Marcel Wisznia of Wisznia Architecture + Development has broken ground on the conversion of the Stephens Garage at 848 Carondelet St. into apartments and retail condos. The project, called The Garage, will include 51 market-rate apartments, 11 condos, and 80 parking spaces. It will also include 21,000 square feet of ground floor commercial. There will [&hellip
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Chipotle Sued For Breaking Lease On Magazine Street

March 22, 2018 • Garden District • 4181

Burrito and taco joint Chipotle has apparently decided to break its lease and not open at 2801 Magazine St. in the Garden District, according to a lawsuit filed March 19. Chipotle went through a lengthy process last year and ultimately won approval to open on Magazine Street. As part of the concession to neighborhood associations, [&hellip
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$100M Apartment Tower Addition To South Market District Moving Forward

March 19, 2018 • Construction, Development, Warehouse District • 10987

The proposed 29-story, $100 million South Market District apartment tower called the Odeon should begin construction in the next several months. Last week, Christian Brierre with the Domain Companies told the Industrial Development Board (IDB) at their monthly meeting that the developer is expected to close financing in April, with construction starting shortly thereafter. The project will be [&hellip
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Fuji Vegetable Oil To Build New $70 Million Facility in Greater New Orleans

March 15, 2018 • Construction, Economic Development, Industrial, Jefferson Parish • 6835

Japanese-based Fuji Vegetable Oil has announced that will build an new processing facility adjacent to the former Avondale Shipyard in Jefferson Parish. The investment will total $70 million, create 39 new jobs with average salary of $77,000, and another 48 indirect jobs. Fuji’s new facility in Avondale primarily will import and refine palm oil from sources [&hellip
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A Comprehensive List of New Orleans Coworking Spaces

March 12, 2018 • Office • 6392

The word coworking was first used in 1999 to describe collaborative work. Today, coworking spaces are prevalent across the globe. New Orleans has its own crop of coworking spaces. Over the last few years, the number of coworking spaces in the Big Easy has more than doubled. We’ve rounded up as many of the New Orleans spaces and details [&hellip
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New Development ‘The Framework’ Planned For Lower Garden District on Magazine Street

March 8, 2018 • Development, Lower Garden District • 7840

New Orleans developer Felicity Property Company held a neighborhood meeting this week and revealed plans for their new development at 1300 Magazine Street, dubbed The Framework. The Framework will feature several buildings around a central courtyard. Each of the buildings will feature retail and commercial on the ground floors, with office space on the top [&hellip
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The 207-Room Jung Hotel is Officially Open in New Orleans

March 7, 2018 • Architecture & Design, Historic, Hotel & Hospitality • 7582

After a $140 million redevelopment by MCC Development, the Jung Hotel & Residences is now open in New Orleans’ Biomedical Innovation District. The property is located at 1500 Canal Street, close to the French Quarter, Louis Armstrong Park, the CBD, and more. The Jung Hotel & Residences incorporates a hotel, residences, retail, parking and other [&hellip
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