Canal Street Beat | New Orleans Real Estate News

Palmisano Breaks Ground on $9 Million Corporate Headquarters in Lower Garden

March 23, 2017 • Construction, Development, Lower Garden District, Office • 4609

The Palmisano Group announced that it finally broke ground this week on its new 30,000 square foot headquarters in the Lower Garden. Located at 1730 Tchoupitoulas St., the beautifully designed building will be home to more than 100 employees. Palmisano was able to secure a PILOT from the IDB last year for the project. In addition [&hellip
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Domain Secures IDB Tax Break for New $100 Million Tower

March 22, 2017 • News • 7197

Last week (Friday, March 17), the Industrial Development Board voted to grant the Domain Companies a payment in lieu of taxes, or PILOT, for its new $100 million South Market District tower, the Odeon. The 29 story apartment tower bounded by Loyola and O’Keefe Avenues and Girod and Julia Streets, will feature 259 apartments, 211 off-street parking spaces, [&hellip
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Motorcycle B&B and Restaurant ‘StarBike Cafe’ Opening Uptown

March 21, 2017 • Food & Beverage, Hotel & Hospitality • 4753

A new motorcycle-influenced Bed and Breakfast and breakfast and brunch restaurant called StarBike Cafe is opening uptown at 4737 Tchoupitoulas Street. Motorcycle enthusiast and developer Amanda Frank is turning the old McKeown’s Books site in to a new bed and breakfast. According to Eater, the StarBike name comes from the first bike shr purchased 24 years ago, a 1973 [&hellip
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Check Out The Kalorama, The Warehouse District’s Newest Mixed-Use Development [Video!]

March 20, 2017 • Condos, Development, Multi Family, Warehouse District • 10616

Last year we reported that William B. “Bo” Reily IV, whose family’s Reily Foods Co. HQ were at 640 Magazine Street, and developer Brian Gibbs were redeveloping the 600-700 blocks of Magazine Street in to a new mixed-use development. We now know that the project is called The Kalorama, and will feature luxury condos, retail, [&hellip
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New Mixed-Use Complex Planned for Tulane Avenue At Site of Former Le Petit Motel

March 15, 2017 • Development, Zoning and Land Use • 5596

Earlier this month we broke the news that the owners of the Le Petit Motel on Tulane Avenue had filed a demolition request with the city. Now we know what’s being planned for the site. According to our friends at Mid-City Messenger, a development group seeks to combine the Le Petit site with the vacant [&hellip
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$37 Million NFL-backed 100,000 Square Foot Assisted Living Center Opens in Kenner

March 14, 2017 • Development, Healthcare, Jefferson Parish, Kenner • 4589

The NFL-affiliated assisted living center that was announced in 2015 will officially open at the end of March. The facility at 3801 Loyola Dr. in Kenner, Inspired Living at Kenner, will hold its grand opening March 28. This is just one of over 30 of these types of facilities planned to be built in markets that [&hellip
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New Apartments Planned For Historic Warehouse District Building

March 10, 2017 • Development, Historic, Multi Family, Zoning and Land Use • 5299

Plans were filed this week to renovate an historic building at 801 Magazine Street, across from Pecshe. The building permit describes the work as renovating, connection, and constructing additions to two existing buildings at 801 Magazine and 516 Julia Street. 13 apartments are planned for the second and third floors, with commercial going in on the ground [&hellip
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HRI Properties Raises $87.5M From Billion Dollar StepStone Real Estate Fund

March 8, 2017 • Finance & Lending • 4726

New Orleans-based real estate development behemoth HRI Properties has secured an equity investment of over $87 million from StepStone Real Estate. StepStone Real Estate, a global investment manager with New York offices, closed a $700 million fund for StepStone Real Estate Partners III, and allocated $87.5 million of that fund for HRI Properties. HRI specializes in urban [&hellip
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New Three-Story Hotel Coming To The Marigny?

March 7, 2017 • Development, Hotel & Hospitality • 4142

Plans were filed yesterday (March 6, 2017) for a proposed three story hotel with 18 rooms at 1017 Marigny Street in the Marigny. The plans were filed by Architect Rick Fifield, who is known throughout the city for great historic renovation work. We don’t have much info about the project, other than the little info we [&hellip
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$1.5 Billion Trade District Talks “Stall Out”

March 6, 2017 • Development, Hotel & Hospitality, Sports & Specialty, Zoning and Land Use • 6978

The proposed $1.5 billion Trade District to de developed on a 47-acre tract of land adjacent to the Ernest N. Morial Convention Center has apparently “stalled out” according to a report in The Advocate. According to The Advocate, the convention center has been distracted with other deals, like their $12 million purchase of the former Louisiana [&hellip
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