Canal Street Beat | New Orleans Real Estate News

Is The Proposed $1.5 Billion Trade District Still Happening?

September 6, 2016 • Development, Lower Garden District, Zoning and Land Use • 7354

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 • 3947

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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Enormous Dave & Buster’s Development Making Progress [We’ve Got Construction Update Photos]

August 30, 2016 • Central Business District, Construction, Development • 16060

Construction is well under way at the new development taking shape at the corner of Poydras and Loyola. The new building at 1200 Poydras will feature a 40,000 square foot Dave & Busters arcade and restaurant, a 393-space parking garage, a french bistro restaurant by Chef Eric Damidot called Aux 3 Garçons Bistro, and more retail for a total of 264,000 square [&hellip
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Domain Cos. Secure $80 Million And Break Ground On The Standard Condo Building

August 29, 2016 • Development, Warehouse District • 9369

The Domain Cos. announced today that they have secured financing for the $80 million condo project dubbed The Standard, the fourth building in the South Market District. Domain broke ground on the 15 story condo building, which will feature 89 luxury condominiums and 24,000 square feet of retail on O’Keefe Avenue. Check out the renderings and plans here. The [&hellip
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Developer To Build $53 Million Apartment Complex in New Orleans East

August 26, 2016 • Finance & Lending, Multi Family, New Orleans East • 9188

A development group just closed on a $53 million deal to rebuild a 400-unit apartment complex in New Orleans East. Bellwether Enterprise, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment, announced the closing of a $31.5 million deal to rebuild the Village of Versailles affordable living community in New Orleans. Bellwether arranged the financing through [&hellip
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New Property Showcase Event: The Old No. 77 Hotel & Chandlery!

August 25, 2016 • Conference • 3644

Canal Street Beat is partnering with The Old No. 77 Hotel & Chandlery for the second event in our monthly Property Showcase Series, designed to showcase new developments and interesting properties in New Orleans. An unconventionally historic New Orleans hotel, the Old No. 77 Hotel & Chandlery the latest incarnation of a building that began [&hellip
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Southern Runner Building on Magazine Street Acquired

August 24, 2016 • Commercial, Magazine Street, Uptown • 5252

Local New Orleans running store Souther Runner closed down their store at 6112 Magazine Street in September 2015 and reopened at 8123 Oak Street the following month. Investment firm ERG Enterprises purchased the building last year, and recently sold it to Cindy’s Nail and Spa. ERG renovated the roughly 2,800 square foot warehouse-style building into an open and modern [&hellip
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Buchart Horn, Inc. Expands To New Orleans Area; Opens Office

August 23, 2016 • Architecture & Design, Kenner, News, Office • 4922

The Pennsylvania-based engineering and architectural firm Buchart Horn Inc. has expanded into the New Orleans metro area for the first time. They’ve opened an office in Kenner at 527 W. Esplanade Ave. This is their second office in Louisiana; their state headquarters are in Baton Rouge. Fannie Marcotte-Bennett will head up the New Orleans area office according to [&hellip
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Do The New FEMA Flood Insurance Maps Impact Your Property? Search Your House Here

August 22, 2016 • News • 7496

New flood insurance maps for New Orleans were made final earlier this year, and those changes have resulted in lower flood insurance premiums for thousands of owners throughout New Orleans. The big kicker was that FEMA re-designated many properties from the Special Flood Hazard Areas, which require flood insurance, to other designations, which do not. The changes [&hellip
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New 6-Story Resi Building in CBD Moves Forward [We’ve Got Renderings]

August 19, 2016 • Central Business District, Multi Family, Warehouse District • 8032

Developer Scott Begg, through his company Trinion Properties, announced plans in 2014 to demolish a two-story warehouse at 611 Commerce Street to build a six-story apartment building with off-street parking. Begg sold the property to 611-613 Commerce, LLC in May of 2015, for an undisclosed sum. 611-613 Commerce, LLC and Metro Studio architects recently submitted new drawings and renderings [&hellip
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