Canal Street Beat | New Orleans Real Estate News

Six Louisiana Wal-Mart Properties Trade For $78 Million

August 16, 2017 • News • 3467

Six Wal-Mart Neighborhood Market properties around the state were acquired as part of a $78 million transaction. The Hampshire Companies, a full service, private real estate investment firm, acquired the portfolio from SkilkenGold Real Estate Development. The properties were acquired in a joint venture with Hanna Asset Management Company from Seoul, South Korea, and several [&hellip
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One Shell Square To Rebrand as Hancock-Whitney Center

August 14, 2017 • Office • 5200

At 697 feet and 52 stories, One Shell Square is the city’s tallest building. It’s borne the named One Shell Square since it first opened in 1972. Beginning in 2018, it will be renamed the Hancock-Whitney Center. Hancock-Whitney Bank is moving 400 employees out of its current 106 year old building at 228 St. Charles Avenue in [&hellip
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Chipotle to Open on Magazine in Garden District

August 9, 2017 • Food & Beverage, Garden District, News • 5125

Chipotle Mexican Grill has plans to open a new restaurant on Magazine Street in the Garden District, according to our friends at Uptown Messenger. The restaurant chain is planning a new location at 2801 Magazine Street, a shopping center that currently houses a Smoothie King, Starbucks, Floor & Decor, among others. The storefront was most recently [&hellip
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Large Tulane Avenue Development Parcel Hits Market For $3,215,000

August 8, 2017 • Mid-City • 5055

Last month, a new listing appeared for the purchase of 39,141 square feet of soon-to-be vacant land at 2826 and 2836 Tulane Avenue, the site of the former La Petit Motel and America’s Best Value Inn. The asking price is $3,215,000, or $82.14/square foot according to the listing. The owner of the two parcels, Bahram Khoobehi, demolished [&hellip
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CrescentCare & GCHP To Break Ground on Major New Health Campus

August 7, 2017 • News • 7441

CrescentCare, a Federally Qualified Health Center, and developer Gulf Coast Housing Partnership have announced plans to break ground next week on a new comprehensive health care center at 1631 Elysian Fields in the 8th Ward. The new 65,000 square foot campus will offer primary medical care, dentistry, pediatrics, HIV counseling & testing, case management, and behavioral health services. The [&hellip
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What’s the Future Hold for the Lafitte Greenway?

August 3, 2017 • Mid-City, Parks & Public Spaces • 4973

There’s been a lot of investment and development near the Lafitte Greenway recently. From the Edward’s Community’s 383 unit apartment complex , to the New Orleans Redevelopment Fund’s $4 million co-working space development, to Green Coast’s new mixed-use development at 2606 St. Louis, the Greenway has attracted significant private investment. The City of New Orleans is [&hellip
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Senior New Orleans Planner Hired To Lead Oakland’s Planning Department

July 31, 2017 • News • 4232

Oakland has hired William Gilchrist, a senior New Orleans planner, as its new planning and building director, according to Biz Journals. Gilchrist has 35 years of planning experience, and was most recently the director of place-based planning in New Orleans. In that role since 2010, he led the city’s design and development strategy. Prior to coming [&hellip
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$5 Million Green Hotel Planned For Central City

July 24, 2017 • Central City, Development, Hotel & Hospitality • 6004

A $5 million “green hotel” in Central City is being proposed by a New Orleans developer, according to Nola.com. The New Orleans Green Hotel is designed to target millennials conscious of the environment. The site, 1500 Robert C. Blakes Sr. Drive, is currently a vacant warehouse. Gerard Bourgeois Jr., is one of the developers on the [&hellip
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Step Inside The Quisby, New Orleans’ Newest Hostel

July 19, 2017 • Historic, Hotel & Hospitality • 5477

Located at 1225 Saint Charles Ave., The Quisby is New Orleans’ newest hostel, and the most notorious according to reps. The Quisby has 30 rooms ranging from six-person shared rooms starting at $27 per bed up to private quad rooms with a starting price of $115 per room. “It is a fresh take on the [&hellip
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New Construction Town House Development Planned For Freret

July 17, 2017 • Multi Family, Uptown • 5623

Developers Lawrence Linder and Richard Ehret have proposed a new construction, nine townhouse development on Freret Street. The new project called Freret Street Mews is slated for 4528 Freret St., currently a vacant parking lot next to the former Publiq House bar. The development would feature town homes elevated over 28 parking spots. Each home will [&hellip
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