Canal Street Beat | New Orleans Real Estate News

Rouses Market To Open New Supermarket on Freret Street

October 25, 2018 • Development, Economic Development, Food & Beverage, News, Uptown • 13212

Rouses Market has announced plans to open a full-service grocery store on Freret Street, at the site of the former Bloomin’ Deals Thrift Shop. The proposed supermarket would include a 10,000 square foot grocery at 4645 Freret Street, and an additional 4,500-square-foot warehouse and office building next door at 4617-4619 Freret St. Plans call for demolishing those [&hellip
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1 Million Square Feet Of New Self-Storage Space Being Built in New Orleans

October 23, 2018 • Development • 3907

There has been almost no growth in self-storage facilities in the metro area over the past decade, and its all starting to catch up. Our friends at The Advocate are reporting that developers are building over 1 million square feet of new self-storage space. At least 16 new projects have been identified as under construction. [&hellip
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Slidell Apartment Complex Trades For $28 Million

October 19, 2018 • Acquisitions, Multi Family, Northshore • 4151

The Pelican Pointe Apartments in Slidell, Louisiana, have been purchased for $28.6 million. The purchaser is Tampa-based Carter Multifamily, a group of companies focused on multifamily real estate opportunities Built in 2000, the Pelican Pointe has 266 units consisting of of twenty-two, three-story residential buildings, a two-story clubhouse/office building, and a maintenance building. Carter plans an [&hellip
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The Rose Collaborative is a New Hub For NOLA Arts and Entrepreneurship

October 16, 2018 • 7th Ward, Community Development, Economic Development, Entrepreneurship, Renovation • 6086

The Seventh Ward of New Orleans is home to a new hub for New Orleans art, culture, entrepreneurship, and innovation. The idea for redevelopment of the vacant properties on Bayou Road and Columbus Street came when community leaders identified the need for a campus focused on cultural arts education in the city. In 2011, the [&hellip
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Lauricella Secures Initial Approval For Major Mixed-Use Elmwood Redevelopment

October 12, 2018 • Development, Jefferson Parish • 6474

Lauricella Land Co., the owner of Elmwood Center and developer of much of Elmwood, secured a key Jefferson Parish council vote this week in its bid to redevelop the Elmwood Shopping Center into a new mixed-use community. Lauricella has proposed building up to 500 new apartments with new retail and dining options. Lauricella had asked the council [&hellip
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New Virgin Hotel Files Construction Plans To Start Work

October 9, 2018 • Central Business District, Development, Hotel & Hospitality • 7835

We’ve been waiting years for the proposed Virgin Hotel at 550 Baronne Street to move forward after getting City Council approval in 2015 and announcing a ground-breaking in 2017. Mathes Brierre, the project architects, filed the construction permit set of plans last month. The project calls for a 14 story, new construction Virgin Hotel with [&hellip
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New York Firm Selected To Lead Charity Hospital Redevelopment

October 3, 2018 • Central Business District, Development, Public Development • 17697

The LSU Foundation has selected 1532 Tulane Partners, a joint venture between New York-based El Ad U.S. Holdings and New Orleans-based CCNO Development Inc., to lead the redevelopment of Charity Hospital. The total project cost is expected to be $564 million. Their plan calls for a mix of market rate apartment, affordable apartments, retail, and office [&hellip
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Metairie’s Executive Office Tower Completes Renovations

October 2, 2018 • Jefferson Parish, Office • 5899

After being purchased earlier this year, the Executive Office Tower, a 184,608-square-foot, 14-story high-rise at 3500 North Causeway Blvd. has announced that renovations were recently completed. Dallas-based Provident Realty Advisors Inc. and Metairie-based Property One Inc. purchased the property together through Esplanade 2018 Partners LLC. Renovations included remodeled elevators and upgrades to the common areas. The office [&hellip
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DDD to Honor Six Downtown Businesses With 2018’s Downtown NOLA Awards

September 25, 2018 • News • 4577

The Downtown Development District (DDD) has announced the winners of its annual Downtown NOLA Awards, with a ceremony for the honorees on Friday, September 28 at The Jung Hotel & Residences at 1500 Canal Street. The awards are an annual program designed to recognize “exceptional accomplishments of Downtown NOLA property owners, businesses, residents, workers and organizations.” This year’s [&hellip
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New Orleans Historic Preservation Specialists Acquired By National Firm

September 24, 2018 • Architecture & Design, Entrepreneurship • 5478

Washington, D.C.-based MacRostie Historic Advisors (“MHA”), a national tax credit advisory firm, has acquired New Orleans-based historic preservation consulting firm Clio Associates. Financial terms of the deal were not disclosed. Both MHA and Clio provided historic preservation consulting services to owners, developers, lenders and investors renovating historic structures. With the acquisition, Clio founders Beth Jacob [&hellip
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