Canal Street Beat | New Orleans Real Estate News

New Seven-Story Waterfront Luxury Condo Building Planned For Lakefront

December 29, 2016 • Condos, Development, Lakeview/Lakefront • 6753

The owners of 400 Lake Marina Avenue are seeking a zoning change for the property to construct a new luxury condominium building. The developer, 400 Lake Marina Avenue, LLC, led Sam Markovich, plans to build a seven-story luxury condo project with 11 condos, made of concrete and steel, with a glass and stucco exterior skin. The elevation renderings [&hellip
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Take A Peek Inside Launch Pad’s New CoWorking Space Downtown

December 22, 2016 • Central Business District, Office • 5655

In September, New Orleans-based coworking space Launch Pad announced they would be doubling their capacity and moving into a new space nearby at 400 Poydras Street downtown. The new Launch Pad space is being developed into a 22,500 square foot modern and collaborative coworking space ideal for connecting entrepreneurs, business owners, and other members of the community. [&hellip
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Massive Mixed-Use Development At Lee Circle Gets Initial HDLC Approval [We’ve Got Renderings]

December 21, 2016 • Development, Multi Family, Warehouse District • 6320

On Tuesday (Dec. 20), the Historic District Landmarks Commission’s Architectural Review Committee gave initial approval to a new mixed-use development at Lee Circle in the warehouse district. Philanthropist Phyllis Taylor secured approval to build a 191,000 square foot mixed-use development that would include ground-floor retail, 20 one-bedroom and two-bedroom residential units on the upper floors, and a five-story 300 spot [&hellip
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Sazerac Buys Historic Downtown Building For Cocktail Museum

December 19, 2016 • Central Business District, Development, Hotel & Hospitality • 5007

New Orleans-based Sazerac Company announced last week that it has purchased two historic buildings at the corner of Canal and Magazine Streets, and plans to convert them in to The Sazerac House, a cocktail museum focused on Sazerac. The two buildings, formerly known as the Katz Buildings, are over 200 years old and sit directly adjacent [&hellip
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WWII Museum To Build Beautiful New $66 Million Hotel [We’ve Got Renderings]

December 16, 2016 • Architecture & Design, Development, Economic Development, Hotel & Hospitality, Warehouse District • 7330

The National World War II Museum has long been working on plans to build its own hotel, and the museum finally made the public announcement yesterday. Plans call for an eight-story, $65 million hotel and conference center at 1000 Magazine Street. The site is currently an empty lot. Renderings for the beautifully designed hotel tower, [&hellip
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IDB Approves $6 Million Tax Break For $66 Million Mid-City Development

December 15, 2016 • Development, Mid-City, Multi Family • 4907

Ohio-based development group Edwards Communities secured a $6 million tax break from the Industrial Development Board (IDB) this week for their 382-unit apartment complex next to Bayou St. John and the Lafitte Greenway. On Tuesday, the IDB voted to provide the project with a payment in lieu of taxes, or PILOT. The PILOT allows the developers to [&hellip
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City Approves 44-Room ‘New Marigny’ Hotel With Conditions

December 14, 2016 • Development, Hotel & Hospitality, Marigny • 4898

The proposed five-story, 44-room hotel on St. Bernard Avenue received approval from the City Planning Commission this week, but only if the developer reduces the size by 30 percent, and brings the height from six stories to five. Developer Calvin Arnold Levin had originally proposed a 30,000 square foot hotel at 1201 St. Bernard Avenue that would include 44 rooms [&hellip
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City to Install 240 Trees In Citywide Reforestation Project This Month

December 12, 2016 • News, Parks & Public Spaces • 4670

The City of New Orleans Department of Parks and Parkways announced today (December 12) that it will install over 240 trees citywide throughout the month of December. This installation is part of the ongoing reforestation efforts by the Department of Parks and Parkways and its non-profit partners to combat the loss of nearly 20 percent of [&hellip
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Woodward & Audubon Capital Partners Propose 5-Story Downtown Apartment Complex

December 8, 2016 • Development, Multi Family, Warehouse District, Zoning and Land Use • 9163

Developers Woodward Interests and Boston-based Audubon Capital Partners filed plans with the city to demolish an historic warehouse on Julia Street in the warehouse district to make way for a new five-story apartment complex. Woodward andAudubon formed a joint venture – Woodward Audubon LLC – and leased the land and improvements at 730 Julia St. from Poydras Home to develop the [&hellip
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925 Common Closes $32.5 MM Loan For Mixed-Use Renovations

December 7, 2016 • Central Business District, Finance & Lending, Multi Family • 6192

Developers Belmont Commons, LLC and Atlanta-based Palmetto Partners, Inc. recently closed on a $32.5 million loan to refinance 925 Common Street. 925 Common Street is a 15-story apartment building in downtown New Orleans that was converted in to a 108-unit multifamily development in 2006. Built in 1952 as offices for Shell Oil, the developers recently [&hellip
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