Canal Street Beat | New Orleans Real Estate News

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 • 8063

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 • 5409

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 • 5415

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 • 5171

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 • 10443

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 • 6781

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 • 6322

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 • 4916

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 • 6144

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 • 7294

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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