Canal Street Beat | New Orleans Real Estate News

Superdome Slated For $450 Million in Upgrades

August 15, 2019 • News • 3345

The State Bond Commission today approved the sale of up to $350 million in bonds to fund the Superdome’s proposed stadium upgrades. The upgrades will total over $450 million over the next few years, before the end of the current lease with the Saints in 2025. This go-ahead is expected to be the missing piece [&hellip
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New Mixed-Use Project Planned For Corner of Magazine & Nashville

August 13, 2019 • News • 7978

A design review application was filed with the city last week to convert the vacant property at 5800 Magazine/740 Nashville into a mixed-use development anchored by an LCMC Health Clinic. The developer, Robert Israel, is proposing a 4,600 square foot building that would replace the current structure, which was formerly a Pita Pit sandwich shop. [&hellip
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Ochsner Opens New Health Center on Lakefront

August 7, 2019 • News • 3604

Ochsner has opened a new health center at 1532 Robert E. Lee Blvd., dubbed Ochsner Health Center – Lake Terrace, where the Lake Terrace Center Shopping Center once stood. This is the first activity on the site since Hurricane Katrina. The new three story, 58,000-square-foot facility offers general health services, including primary care, pediatrics and [&hellip
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Warwick Hotel Building Slated For $60 Million Redevelopment

July 31, 2019 • News • 4635

The former Warwick Hotel, an abandoned building at Duncan Plaza across from City Hall, is slated for a $60 million redevelopment by the New Orleans Redevelopment Fund. The New Orleans Redevelopment Fund purchased the 130,000-square-foot building in June. The former hotel was built in 1952, had been abandoned since before Katrina, and is eligible for [&hellip
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$15 Million Redevelopment Leads to 4 New Tenants at Hammond Square Shopping Center

July 30, 2019 • News • 5531

The Hammond Square shopping center near Interstate 12 in Hammond has announced four new retail tenants. Discount retailer Five Below, arts and crafts store Michaels, furnishing retailer HomeGoods and PetSmart are the four new tenants to join the shopping center’s roster. A $15 million redevelopment project over the past year involved the demolition of the [&hellip
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DDD to Honor Downtown All-Stars

July 25, 2019 • News • 6547

Each year, the Downtown Development District (DDD) recognizes exceptional accomplishments of Downtown New Orleans property owners, businesses, residents, workers and organizations. The goal of the awards is to honor the people and places that inspire, innovate and integrate the Downtown NOLA brand into their Downtown neighborhoods. You can check out the 2018 award winners here, [&hellip
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Plans Filed For New Seven Room Hotel on Carondelet

July 24, 2019 • News • 4636

The New Orleans Redevelopment Fund has filed plans with the city to renovate 131 Carondelet Street into a seven room hotel with ground floor commercial. The developer proposed to spend $1,500,000 on the renovations to the four story building according to the city filing. The New Orleans Redevelopment Fund purchased the property on December 29, [&hellip
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Stirling Refinances Pan American Life Center With $50 Million Loan

July 19, 2019 • News • 3478

Stirling Properties secured a $49.8-million loan to refinance Pan American Life Center, the 28-story office building in downtown New Orleans. Stirling worked with Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, to secure loan. Andy Coleman of Berkadia secured the financing on behalf of Stirling Properties. The lender was Wells Fargo. The [&hellip
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Starbucks Going In at New Magazine & State Project

July 16, 2019 • News • 5603

The new 7,500 square foot retail development set for the corner of State and Magazine Streets has long been rumored to include a Starbucks. Based on new filings with the city, it looks like a Starbucks will occupy the end cap space. A new filing made on July 12 states “Tenant Interior Upfit of New [&hellip
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Check Out The Possibilities For A Reimagined Duncan Plaza

July 12, 2019 • News • 6049

The City and the Downtown Development District have long sought to reimagine and redevelop Duncan Plaza. Some initial improvements were made last year. A bigger vision is in the works, and we just came across an awesome video put together by the Downtown Development District that shows what could be. The vision contemplates a children’s [&hellip
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