Canal Street Beat | New Orleans Real Estate News

$55 Million Virgin Hotel To Break Ground

January 24, 2017 • Central Business District, Development, Hotel & Hospitality • 7836

The developers behind a new Virgin Hotel in downtown New Orleans are scheduled to break ground on the $55 Million project in April. Dallas-based Gatehouse Capital and David Garcia of DAG Development are the developers. The new hotel at 550 Baronne Street will rise 14 stories and include 225-rooms, a ground floor restaurant, a 2,500-square-foot ballroom, a few [&hellip
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New Retail Planned Across from Whole Foods at Broad & Bienville

January 23, 2017 • News • 8551

New Orleans entrepreneur and developer Richard Baumy and his business partner have been actively working on the property on the corner of Broad and Bienville following their purchase of the space in 2014. The site is catty-corner from the Project Refresh development, which includes Whole Foods, Liberty’s Kitchen, and various offices. The BaumTech team started [&hellip
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Airport To Add Additional $110 Million Expansion To Current Plans

January 19, 2017 • Central Business District, Economic Development, Kenner • 5089

As reported back in October, the city has finally announced that the brand new $900 million Louis Armstrong International Airport under construction will add another 5 gates to the current plans, with a price tag of $110 million. Apparently demand for air travel through New Orleans is so strong that the City decided to add the gates now, rather that try [&hellip
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New Retail Development Planned For Lakeview

January 18, 2017 • Development, Lakeview/Lakefront, Retail • 8623

The owner of land at the corner of Harrison and Pontchartrain Blvd. is pre-leasing for a newly proposed retail development. The developer, Landcraft, LLC, has proposed a 3,521 square foot building that’s designed for a restaurant or retailer. It’s a prime location at the hard corner, and has 8-11 off-street parking spaces. There is also [&hellip
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German Real Estate Firm Opens Second Office In New Orleans

January 16, 2017 • News • 3974

Engel & Völkers, the German-based premium real estate brokerage, has announced its second location in greater New Orleans. The new office is located at 601 Julia St. and owned by franchisees Joyce Delery, Anne Delery Comarda and Marty Brantley. The trio announced the first franchise in Louisiana in May 2016, which is located at 722 Martin Behrman Avenue in [&hellip
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Complete Renderings of The New Airport’s Restaurants & Food Halls (And All the Restaurants!)

January 13, 2017 • Food & Beverage, Hotel & Hospitality • 5864

The food selection committee for the City’s new $800+ million airport announced this week the recommendations for the groups to build and operate the restaurants at the new airport. The committee selected two groups: Delaware North and Chase Catering and Concessions LLC joint venture, and the HMSHost and Coaxum Enterprises joint venture. The Delaware North-Chase Catering restaurants [&hellip
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If You Are In Real Estate in New Orleans, You Should to Be At This Conference

January 11, 2017 • Conference • 4238

The Urban Land Institute’s 8th Annual “What’s Really Going On” Conference is today, and you should probably be there. This discussion gives a great overview of all the development and happenings going on in the New Orleans area. The featured speakers include Dean Schwanke, ULI Senior Vice President for Case Studies and Publications; Loren Scott, [&hellip
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Children’s Hospital Kicks Off $225 Million Campus Expansion

January 10, 2017 • Construction, Economic Development, Healthcare, Uptown • 5750

Children’s Hospital will embark on a new $225 million expansion this week, expanding the current campus to an adjacent 17-acre site it purchased in 2014. The medical complex includes brand new construction and the renovation of historic buildings at the site of the old New Orleans Adolescent Hospital campus, which is directly adjacent to the current hospital. [&hellip
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Zoning Round-Up: Times-Picayune Building Zoning Change; New Community Center & More

January 9, 2017 • Mid-City, Zoning and Land Use • 4220

Lot’s of changes afoot throughout the city and more investment finds its way in to local real estate. Here is a brief update on some of the top zoning and land use stories around the City: New Times-Picayune Building Owners Seek New Zoning. The group that recently purchased the former Times-Picayune headquarters for $3.5 million is requesting a [&hellip
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Closing Soon: Macy’s at The Esplanade, Kmart at Elmwood Shopping Center

January 6, 2017 • Jefferson Parish, Retail • 4147

Jefferson Parish will lose two large retailers this year: Macy’s at The Esplanade Mall and Kmart at the Elmwood Shopping Center. The Macy’s closure is one of almost one hundred that the retailer announced it would close last year among slacking sales. They announced this week that they would close 68 stores in 2017, with [&hellip
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