Canal Street Beat | New Orleans Real Estate News

Canseco’s Plans New Grocery Store at Carrollton and Oak

August 22, 2019 • News • 5526

Conseco’s Markets plans to open its fifth grocery location at 1133 S. Carrollton Ave. in a former K&B drugstore building. In a letter sent to nearby neighbors, owner Sinesio Canseco said that the new location will be a full service grocery store with prepared foods for pick up. Canseco needs a conditional for to sell [&hellip
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New Mid-City Office Building Planned For Canal Blvd.

August 20, 2019 • News • 4870

Last week, the City Planning Commission approved a proposed 22,000 square foot, three story office building at 5243 Canal Blvd. The building is being built by and will be used to house the Womac Law Firm. The building will have parking for 44 cars no the first floor, with office space on the top two [&hellip
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Superdome Slated For $450 Million in Upgrades

August 15, 2019 • News • 3361

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 • 7995

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 • 3613

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 • 4655

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 • 5553

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 • 6572

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 • 4646

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 • 3491

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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