Canal Street Beat | New Orleans Real Estate News

Feil Organization To Build New Mixed-Use Or Hotel Development on Tulane Avenue

October 7, 2016 • Development, News • 18937

New York-based Feil Organization, which owns local properties like Lakeside Mall and the Galleria, has revealed plans to either build a new hotel or a mixed-use development on Tulane Avenue. Feil purchased the site back in April for $5.6 million. The 73,000 square foot lot includes the 48,000 square foot former Dixie Brewing warehouse. Feil recently [&hellip
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New Four Story Hampton Inn Proposed For Marigny Site

October 4, 2016 • News • 5708

Hotel developer Amit Patel just purchased the property at the corner of Elysian Fields Avenue and Decatur Street for $3.5 million, and now has released plans to develop that site in to a new Hampton Inn & Suites, according to Gambit. Patel recently sent a letter to neighbors asking for their support to build the 119-key hotel [&hellip
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HRI To Build New $120 Million Mixed-Use Tower In Downtown Tampa

October 3, 2016 • News • 5597

New Orleans-based HRI Properties won an auction last week to purchase an entire block in downtown Tampa from the City of Tampa, according to TampaBay.com. The one acre city-owned block has sat vacant for 20 years and sits next to City Hall at the corner of E Kennedy Boulevard and N Florida Avenue. According to the article, [&hellip
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Coworking Space Launch Pad Announces New Location, Doubling in Size

September 29, 2016 • Central Business District, Office • 7689

Launch Pad, the original coworking space in New Orleans, is today announcing some huge news: after seven years in the IP Building, known as a hub for entrepreneurs, Launch Pad is moving to 400 Poydras Street in downtown New Orleans. The new Launch Pad space is being developed into a 22,500 square foot modern and collaborative coworking [&hellip
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No Bidders For Proposed $17 Million Armstrong Airport Hotel

September 29, 2016 • Hotel & Hospitality, Public Development • 5282

The City’s plan to build a centerpiece hotel at the new $800 million Louis Armstrong International Airport did not attract a single bidder, according nola.com. The New Orleans Aviation Board released and RFP for a nationally branded, full-service, 140 room hotel with a deadline of September 16, 2016. No proposals were submitted. The Aviation Board [&hellip
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Health Partnership To Develop Network of 7 Urgent Care Clinics Across New Orleans

September 27, 2016 • Healthcare, News • 15226

LCMC Health, the nonprofit health care system that manages several hospitals in the New Orleans area including Touro Infirmary and Children’s Hospital, has released plans to build a network of urgent care clinics across the city. LCMC Health partnered with Premier Health, a Baton Rouge-based urgent care developer. The combo announced a partnership to build the [&hellip
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Hotel Modern Is Becoming a….Holiday Inn Express?!

September 26, 2016 • Acquisitions, Hotel & Hospitality • 7581

We reported back in June that Iowa City-based Hawkeye Hotels had purchased the Hotel Modern, with plans to convert it in to an Intercontinental Hotel. Well, Hawkeye did purchase the hotel, but the plans submitted to the city actually show the hotel’s conversion in to a Holiday Inn Express, not an Intercontinental Hotel flag. While Holiday Inn Express [&hellip
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Domain Companies To Open 40,000 SF Co-Working Space, ‘The Shop’

September 23, 2016 • Office, Warehouse District • 4981

At the beginning of August, there was speculation that WeWork was planning to opening a giant coworking space in the Contemporary Arts Center (the CAC) in New Orleans. According to permits filed with the City of New Orleans on July 20, 2016 by Eskew+Dumez+Ripple, the 3rd and 4th floors of the CAC at 900 Camp Street in [&hellip
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Corporate Realty Represents Three Law Firms in Leases Totaling 110,000 Square Feet

September 22, 2016 • Office • 4089

Corporate Realty, the New Orleans-based real estate brokerage and management firm, recently closed major deals for three law firms totaling more than 110,000 square feet. Corporate Realty President Mike Siegel represented Stone Pigman Walther Wittmann in an office relocation and new long term lease of a minimum of 43,000 sf in the First Bank & [&hellip
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Site of Proposed Elisio Lofts Trades For $3.5 Million

September 21, 2016 • Acquisitions, Marigny • 6506

The vacant warehouse owned by developer Sean Cummings, where the Elisio Lofts project was once slated for, has sold to a hotel developer. Developer Amit Patel, through his company 501EFA Hotel, purchased the 36,200 square foot property at 501 Elysian Fields Ave. for $3.5 million from Cummings on September 12. First NBC Bank financed the transaction. This site [&hellip
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