Canal Street Beat | New Orleans Real Estate News

Downtown Sees $566,000,000 of Investment In 2018

March 12, 2019 • News • 6835

According to our friends at the Downtown Development District, permits for $566,877,871 worth of construction were issued by the City of New Orleans for Downtown construction projects in 2018. This represents 316 individual projects, with Canal Street projects representing $300,284,483 of the total. This is a 35% increase over 2017’s 308 permits that were valued at $419,593,490. [&hellip
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City Greens Opening New Location On Freret Street

March 8, 2019 • News • 5627

Healthy salad restaurant City Greens will be opening a new location at 5001 Freret Street. The popular spot will open in the former Halal Guys location, which closed in September 2018. City Greens, founded by entrepreneurs Abhi Bhansali and Ben Kazenmaier, opened its first location downtown at 909 Poydras Street in 2012 and has since [&hellip
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Charity Redevelopment Comes Into Focus

February 26, 2019 • News • 5752

1532 Tulane Partners, a joint venture between New York-based El Ad U.S. Holdings and New Orleans-based CCNO Development Inc., has announced more details around its $564 million plan to redevelop the Charity Hospital Complex. Their plan calls for a mix of market rate apartment, affordable apartments, retail, and office space, and include Tulane University as an [&hellip
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Palmer Authors Legislation to Support Affordable Housing

February 22, 2019 • News • 3059

Councilmember Kristin Palmer has proposed a new motion (motion M-19-73) that would amend the City’s zoning law to require developments along the riverfront in the Marigny and Bywater to include at least 10 percent of affordable housing units in order to qualify for additional density and height limits, up to a maximum of six stories [&hellip
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$24 Million Apartment Complex Slated For Old Winn Dixie Site

February 19, 2019 • News • 5262

Developer McCormack Baron Salazar will break ground soon on a $24 million, 76 unit apartment complex. 30 of the units are affordable and reserved for Section 8 housing. The four-story complex is planned for the old Winn Dixie site on St. Louis and Basin Streets. The Housing Authority of New Orleans (HANO) owns the land. [&hellip
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Proposed Rouses on Freret Secures Planning Approval

February 14, 2019 • News • 4708

The proposed Rouses supermarket on Freret Street secured City Planning Commission approval this week to sell alcohol and operate a food-processing facility as part of the grocery. The proposed supermarket would include a 10,000 square foot grocery at 4645 Freret Street, and an additional 5,000-square-foot warehouse and office building next door at 4617-4619 Freret St. The food-processing [&hellip
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BioScrip Opens New 15,000 Square Foot Infusion Center

February 12, 2019 • News • 6200

BioScrip Infusion Services Inc., formerly known as CarePoint Partners, has opened a new facility at 5401 Jefferson Highway. The new facility includes a sterile compounding pharmacy and innovative treatment center, including the recent introduction of Peripherally Inserted Central Catheter (PICC) line placement in the New Orleans market. As an infusion services provider, BioScrip administers life [&hellip
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LCMC Health Opens $30 Million Medical Facility in Metairie

February 7, 2019 • News • 13678

LCMC Health has opened the new Ridgelake Health Center in Metairie. The new 48,000-square-foot facility is a fully integrated health center, where experts from Children’s Hospital, Touro Infirmary and West Jefferson Medical Center will be able to see pediatric and adult patients. A new imaging center will also open over the summer. The four-story, $30 [&hellip
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New Real Estate Breakfast Series Kicks Off Today

February 5, 2019 • News • 13979

The New Orleans Business Alliance (NOLABA) and the Urban Land Institute (ULI) hosted their first Real Estate Breakfast Event this morning. The event featured Asali DeVan Ecclesiastes, director of the strategic neighborhood development at NOLABA and recent “12 Icons of New Orleans” honoree, who discussed the Cultural Innovation District in the Claiborne Corridor. The District’s [&hellip
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Denver-Based Stonebridge Acquires 280-Key Embassy Suites

February 4, 2019 • Hotel & Hospitality, News • 4686

Denver-based Stonebridge Companies has acquired the 280-room Embassy Suites by Hilton New Orleans Convention Center hotel in partnership with an affiliate of Chicago-private equity firm Walton Street Capital LLC. The acquisition is the Stonebridge Companies’ entrance into the New Orleans market. The purchase was recorded in November 2018, according to city records. The Embassy Suites [&hellip
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