Canal Street Beat | New Orleans Real Estate News

Riverfront Development Gets Council Approval For 187 Apartments

April 24, 2018 • Development, Multi Family, West Bank, Zoning and Land Use • 8056

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 • 11796

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 • 11523

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 • 4031

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 • 9648

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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Four Seasons Construction To Kick Off May 1

April 5, 2018 • Central Business District, Development, Hotel & Hospitality • 22271

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 • 5730

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 • 9388

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 • 11273

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 • 4685

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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