Canal Street Beat | New Orleans Real Estate News

345-Unit Mixed-Use Village Planned For Algiers Riverfront [We’ve Got Renderings!]

January 11, 2018 • Development, Multi Family, West Bank • 9673

Developer Philip Spiegelman announced plans to build a massive new development in Algiers on the bank of the Mississippi River. The project would feature four -story buildings, 345 apartments, and ground floor retail and shopping. The project would unfold on 3.4 acres and also include a pedestrian plaza and public park, parking garages, and 35 low-income units. [&hellip
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Vacant Theater At Esplanade Mall To Be Converted Into 256-Unit Apartment Complex

January 8, 2018 • Kenner, Multi Family • 6966

A vacant movie theater at The Esplanade Mall in Kenner will be demolished to make way for a 256-unit apartment complex, according to an announcement by the City of Kenner. Kenner City Hall announced last week that Baton Rouge-based Clay Companies plans to build an apartment complex on the building. The developer recently closed on [&hellip
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Kirschman Purchases Former St. Charles Avenue Whitney Bank Branch For $3,750,000

January 2, 2018 • Acquisitions, Retail • 6353

Investor Arnold Kirschman with Kirschman Enterprises LLC has closed on the former Whitney Bank building at 1320 St. Charles Avenue for $3,750,000 million. The transaction closed in December. The property included a two-story building of 11,500 square feet, and 31,465 square feet of land on nine separate lots of record. The property is zoned MU-1, a [&hellip
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Stirling Properties Acquires $60MM Rehab Hospital In Joint Venture With Ochsner

December 27, 2017 • Acquisitions, Healthcare, Jefferson Parish • 7044

A joint venture made up of Stirling Properties and the Ochsner Clinic Foundation have closed on the acquisition of the new Ochsner rehabilitation hospital located at 2614 Jefferson Highway in Jefferson, Louisiana. The new facility was built by the Feil Organization and leased to Ochsner. Feil reportedly paid between $5.5 and 6.5MM for the property in [&hellip
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$35 Million, 162-Key Cambria Suites To Hold Grand Opening

December 26, 2017 • Central Business District, Construction, Development, Hotel & Hospitality • 5041

The new $35 million Cambria Hotel & Suites at 632 Tchoupitoulas St. started taking reservations in October, and has an invite-only grand opening scheduled for January 11, 2018. The hotel is located in the Warehouse District. Developers Fillmore Capital Partners and Fillmore Hospitality broke ground on the project in 2015. “This is another important milestone [&hellip
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DXC Technology Signs New Lease in Downtown New Orleans For Its Possible 2,000 Employees

December 21, 2017 • Central Business District, Office • 6693

Today, DXC Technology, the technology firm that will be hiring 2,000 employees in New Orleans, announced that they had signed thee lease for their Technology Center at the Freeport McMoRan Building, at 1615 Poydras Street across from the Mercedes-Benz Superdome. DXC will occupy two floors and will begin operating in the building in January. Ultimately, [&hellip
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The Final Design For The Canal Street Ferry Terminal Footbridge [We’ve Got Renderings!]

December 18, 2017 • Central Business District, Public Development • 12717

The City’s plans to demolish the existing Canal Street ferry terminal and replace it with a a new project is moving forward, with final designs released last week. On December 12, the New Orleans Regional Transit Authority (RTA) released the final, futuristic design for the new terminal. Representatives of Royal Engineering and Consultants, the project manager, presented [&hellip
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NOLA Media Group To Move Into New Warehouse District Headquarters

December 14, 2017 • Central Business District, Office, Warehouse District • 4694

NOLA Media Group | Times-Picayune has announced plans to move its New Orleans headquarters out of the Class A high rise at One Canal Place and into an historic warehouse district building at 864 S. Peters Street. According to Nola.com, more than 100 employees will be based out of the 117 year old building. The [&hellip
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Developers Plan Apartments for Portion of Abandoned Le Petit Motel

December 12, 2017 • Development, Mid-City, Multi Family • 6257

According to our friends at Mid City Messenger, the owners of the La Petit motel on Tulane Avenue have proposed converting an abandoned wing of the motel into five, one-bedroom apartment. The building, located at 2900 Tulane Avenue, needs a variance from the Board of Zoning Adjustments so that developers Bahram Khoobehi and Houssien Magarhish can convert [&hellip
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WWII Museum To Hold Groundbreaking For New $66 Million Higgins Hotel

December 6, 2017 • Development, Hotel & Hospitality, Warehouse District • 7571

The National WWII Museum will officially break ground on The Higgins Hotel & Conference Center on Friday, Dec. 8 at 10 a.m. at the corner of Andrew Higgins Drive and Magazine Street. The Museum has seen tremendous growth over the years, and it drives nearly 600,000 tourist visits annually. Given the increase in national visitation [&hellip
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