Canal Street Beat | New Orleans Real Estate News

Woodward & Audubon Capital Partners Propose 5-Story Downtown Apartment Complex

December 8, 2016 • Development, Multi Family, Warehouse District, Zoning and Land Use • 10313

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 • 6696

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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Athlos Academies To Build 90,000 Square Foot Facility in Jefferson Parish

December 6, 2016 • News • 6256

Athlos Academies recently closed on the purchase of a 14 acre plot of land in Jefferson Parish which is designed to house their new campus. Athlos is building a new 90,000-square-foot facility, including state-of-the-art classrooms and fully-equipped indoor physical fitness centers with hardwood court and turf field space. The tuition-free, public school—Athlos Academy of Jefferson Parish—plans to open [&hellip
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Mid-City Library Moves To New 10,000 SF Location on Canal Street

December 2, 2016 • Mid-City • 4856

Our friends at the Gambit report that the Mid-City branch of the New Orleans Public Library is moving to a new location at 4140 Canal Street and expects to open December 5. The prior location at the American Can building closed in Oct. 22 after a weird lease lapse issue with American Can’s management. The Library announced the [&hellip
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HRI & Rockbridge Purchase Country Inn & Suites for $39M

December 1, 2016 • Acquisitions, Central Business District, Hotel & Hospitality • 6079

New Orleans-based HRI Properties and Ohio-based Rockbridge announced today (Dec. 1) that they partnered to purchase the 155-key Country Inn & Suites at 315 Magazine Street. Records show that the price tag was $39,000,000, 0r $251,000 per key. HRI has developed over $2.5 billion in projects since its founding in 1982, including hotels, apartments, office, retail, and [&hellip
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$40 Million Luxury Condo Building Breaks Ground At Old Washington Artillery Building

December 1, 2016 • Central Business District, Condos, Development, Warehouse District • 7181

Developer Steve Montagnet is breaking ground this month on a new $40 million condo project in the warehouse district near Lafayette Square. The current building at 731 St. Charles Avenue will be transformed into a luxurious 67-unit mixed-use development with residential and commercial space. The development will feature more than 29,300 square feet over five floors, and will [&hellip
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Giant NorthLake Shopping Center in Mandeville Sells to Austin Company

November 29, 2016 • Acquisitions, Northshore, Retail • 6953

Northlake Shopping Center in Mandeville was purchased by Epic Real Estate Partners LLC, an Austin-based real estate group The 166,371-square-foot retail center is located at a crucial location at the corner of Highway 190 and Highway 22. There are reportedly 21 leases in place, some of which extend to 2040. The property is anchored by Fresh Market, [&hellip
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Developers Break Ground on 10-Story ‘Alder Hotel’ Near Freret

November 28, 2016 • Development, Hotel & Hospitality, Uptown • 6231

Development partners Greg Ensslen of Go Mango Neighborhood Restoration, Michael Valentino of Valentino New Orleans Hotels,Woodward Interests, the development wing of Woodward Design+Build, and Chris Bellone, have broken ground on a new 10-story hotel next to Ochsner Baptist. The team is renovating the old Bristow Tower, part of the hospital complex, in to a 90 key hotel, [&hellip
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Property Showcase Recap: Baker’s Row Luxury Condos [We’ve Got Pictures]

November 21, 2016 • Condos, Conference, Development, Marigny • 5703

Canal Street Beat partnered with luxury condo project Baker’s Row for our November’s Property Showcase Series last week. The event was fantastic, with over 120+ people showing up to check out the brand new development and luxury condos. Dat Dog was also there and provided free hot dogs courtesy of Athena Real Estate. Located in the heart of the Marigny at [&hellip
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KFK Group Converts 1201 Canal Street to 233 Condominium Units

November 18, 2016 • Central Business District, Condos • 4528

Developer KFK Group announced that it has now converted all of its rental units in its 1201 Canal Street development to condominiums. When the development opened in 2008, 111 units in the back building were already condos and were sold off. Earlier this year, they converted the remaining 122 apartments in the front building in to condominiums, [&hellip
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