Canal Street Beat | New Orleans Real Estate News

Hotel Modern Is Becoming a….Holiday Inn Express?!

September 26, 2016 • Acquisitions, Hotel & Hospitality • 7689

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 • 5046

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 • 4141

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 • 6556

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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NOLA Real Estate Forecast Symposium Coming Up In October

September 19, 2016 • Conference • 5018

The 6th Annual Economic and Real Estate Forecast Symposium is coming up next month where experts will discuss real estate and financial markets, and their impact and predictions on the New Orleans metro area’s real estate market. The event will take place at Loyola University on Tuesday, October 11, 2016 from 12:30 p.m. to 5:00 p.m., and is put [&hellip
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JCC To Break Ground on Major Expansion To Uptown Campus

September 16, 2016 • Architecture & Design, Community Development, Construction, Uptown • 4810

The New Orleans Jewish Community Center (JCC) plans to break ground on a major renovation and expansion to their uptown campus later this month that includes new childcare facilities, a new sports complex, and newly renovated pool and water areas. The expansion will add 14,000 square feet of new space, and will include a recreation pool with [&hellip
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Magnolia Yoga Studio To Open At Bienville Basin District Development

September 15, 2016 • Central Business District, Retail • 4449

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 • 4670

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 • 6299

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 • 5174

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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