Canal Street Beat | New Orleans Real Estate News

Magnolia Yoga Studio To Open At Bienville Basin District Development

September 15, 2016 • Central Business District, Retail • 4334

The developers behind the $600 million redevelopment at the former Iberville public housing development have announced a new retail tenant: Magnolia Yoga Studio. The Bienville Basin District is an up-and-coming mixed-use community rising in the footprint of the former Iberville housing development. The Bienville Basin redevelopment is being handled by HRI, Missouri-based McCormack Baron Salazar, and the [&hellip
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Downtown Development District Elects Three New Commissioners

September 14, 2016 • Awards & Recognition • 4530

The Downtown Development District, the city’s business improvement district whose goal is to catalyze investment, development, and business in the heart of New Orleans, has announced three new commissioners have been appointed by Mayor Landrieu and approved by the City Council. The three new commissions were approved by the New Orleans City Council on August 25, [&hellip
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NOPSI Building To Undergo $33 Million Luxury Hotel Renovation

September 13, 2016 • Central Business District, Development, Hotel & Hospitality • 6058

The old New Orleans Public Service Building (NOPSI) sold in February 2015 to a Connecticut real estate development shop for $11.6 million. The purchasers, Building and Land Technology out of Connecticut, have partnered with Salamander Hotels & Resorts and Woodward Interests to develop the building in to a 217-room hotel with a restaurant, a rooftop pool and bar, and [&hellip
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New Property Showcase Event: May & Ellis Luxury Apartments in the French Quarter!

September 13, 2016 • Development, French Quarter, Multi Family • 5031

Canal Street Beat is partnering with May & Ellis for our September event in our monthly Property Showcase Series, designed to showcase new developments and interesting properties in New Orleans. The event will be on September 28 at 5:00pm. Located on Chartres Street in the French Quarter less than two blocks from Canal Street, the May & [&hellip
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Tulane Breaks Ground on $35 million Business School Expansion

September 12, 2016 • Construction, Uptown • 3623

Tulane University’s A. B. Freeman School of Business last week broke ground on the $35 million expansion of its business school. The project will add/renovate about 45,000 square feet to the space to Goldring/Woldenburg Hall I and II. The project also includes a four-story expansion and slick new glass facade. You can check out plans and renderings here. [&hellip
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Kelso Closes On Bywater Property For $16 Million Hostel; Plans To Open in 2018

September 9, 2016 • Bywater, Hotel & Hospitality • 5223

Ted Kelso of Pelican Royal LLC, the developer of the $16 million Bywater hostel Stateside, announced today to Canal Street Beat that he closed on the purchase of the land this week. Kelso closed on the purchase of 4019 Chartres St. for $2.47 million on Tuesday (Sept. 5), according to a news release from the developer. Kelso proposes a $16 [&hellip
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Former Times-Picayune Head Quarters Sells For $3.5 Million

September 8, 2016 • Acquisitions, Industrial, Office • 7317

A group of local investors has acquired the former headquarters of The Times-Picayune on Howard Avenue for $3.5 million. The group consists of developer Joe Jaeger, Mardi Gras World king Barry Kern, and real estate investor Arnold Kirschman. The building at 3800 Howard Ave. has been vacant since earlier this year, when The Times-Picayune moved all printing operations to Alabama. Most [&hellip
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Esplanade Mall Sells To California Firm

September 7, 2016 • Acquisitions, Kenner, Retail • 5775

The Esplanade Mall in Kenner has either been sold, or is about to be sold, depending on who you ask. An article in WGNO claimed that the mall was already sold, while an Advocate article says its about to be sold. Either way, it looks like the mall will be the domain of California-based Pacific Retail, [&hellip
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Is The Proposed $1.5 Billion Trade District Still Happening?

September 6, 2016 • Development, Lower Garden District, Zoning and Land Use • 7294

The $1.5 billion Trade District development on 47 riverfront acres owned by the Earnest N. Morial Convention Center seems to have stalled, according to an article in The Advocate. The group had hoped to strike a deal by this summer. Instead, negotiations are still on going. The Advocate quotes a number of players involved in the [&hellip
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Check Out These ULI Real Estate Events In September & October

September 1, 2016 • Conference • 3890

The Louisiana chapter of the Urban Land Institute (ULI) has some great real estate networking events coming up soon you may want to check out. The first is the Young Leaders Group Happy Hour at Part & Parcel next Thursday, September 8, from 6-7:30. The address is 611 O’Keefe Street, New Orleans, LA 70113, and [&hellip
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