Canal Street Beat | New Orleans Real Estate News

Stirling Moves Headquarters to Pan American Life Center In Downtown NOLA

June 21, 2016 • Central Business District, Office • 4115

Stirling Properties has moved its headquarters from 615 Baronne Street to the Pan American Life Center at 601 Poydras Street in downtown New Orleans. Stirling was based 615 Baronne Street for the past 25 years. The new move opens a 6,700 square foot office on the 27th floor of the Pan American Life Center for more than 30 employees. “Stirling [&hellip
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Historic Carver Theater Hits Market For $5.5 Million

June 16, 2016 • Sports & Specialty, Tax Credits • 4616

The recently renovated Historic Carver Theater has been listed for sale for $5.5 million. The theater property, along with several other adjacent parcels, holds 925 people and spans an entire block along Orleans Avenue. The property was listed with Richard Stone and Patrick Egan at Latter & Blum. The theater originally opened in 1950 for [&hellip
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5,000 Person Amphitheater & Entertainment Complex Lakeshore Landing Secured Approval

June 14, 2016 • Lakeview/Lakefront, Sports & Specialty • 7574

The live entertainment venue on Lake Pontchartrain proposed by developer Roland Von Kurnatowski secured City Council approval last week. The complex will feature a 5,000-person outdoor theater, with restaurants, retail space, and an open air market. The site is the former Bally’s Casino dock, which has been abandoned since Hurricane Katrina. Von Kurnatowski, the owner of Tipitina’s and the [&hellip
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Stirling Closes $73 Million Loan On Fremaux Town Center In Slidell

June 13, 2016 • Finance & Lending, Retail, Slidell • 6224

Stirling Properties commercial real estate company, on behalf of Fremaux Town Center SPE, LLC, announced today that it closed a $73 million non-recourse loan on Fremaux Town Center in Slidell, Louisiana. This amount marks the largest loan ever closed by Stirling Properties in its 41-year history. Wells Fargo served as the lender on the 10-year loan. Proceeds [&hellip
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National Retailer True Religion Opens on Canal Street

June 13, 2016 • Central Business District, French Quarter, Retail • 6487

Upscale denim retailer True Religion opened its first store in Louisiana on Canal Street in Downtown New Orleans. The store is located at the corner of Canal and Bourbon Streets in the Astor Crowne Plaza. The space at 739 Canal St. was formerly occupied by a Dixie Factory Outlet store. The True Religion renovation permit filed on [&hellip
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Construction Starts On The Towering $10 Million WWII Museum Canopy of Peace

June 9, 2016 • Construction, Hotel & Hospitality, Warehouse District • 11234

The WWII Museum has broken ground on the unbelievable canopy structure announced last year. The funding comes from a component of a $20 million gift from Joy and Donald “Boysie” Bollinger, the former chairman and CEO of Bollinger Shipyards Inc. The $10 million structure will hang 150 feet above the ground, and will be 448 feet long [&hellip
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Luxury Apts. Planned For Former Mid-City School Heads Back To Planning Commission

June 8, 2016 • News • 4390

Developer Narinder Gupta is back after his plans to convert the former Sacred Heart gym and school building in the 200 block of Rendon Street into luxury apartments were shot down. Newly filed plans include a three-story, 23-unit apartment building out of the 39,500-square foot abandoned building located on 217 South Rendon Street. Plans also call [&hellip
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Old No. 77 Hotel & Chandlery Sells To Portland Investment Fund

June 3, 2016 • Central Business District, Hotel & Hospitality • 4699

The recently opened Old No. 77 Hotel & Chandlery was just acquired by Provenance Hotel Partners Fund I, based in Portland, Oregon. The seller was New York-based GB Lodging and Woodbine Development Corporation of Dallas. The purchase price was not disclosed. “We are thrilled to have acquired an outstanding asset in a great long-term market,” said Gordon Sondland, [&hellip
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Torres Releases Plans For High-End Mixed Use Development in Mid-City

June 2, 2016 • Mid-City, Multi Family • 6522

New Orleans-entrepreneur Sidney Torres IV has announced plans for his 380,000 square-foot development at the 9 acre site along the Lafitte Greenway that he purchased last year. The first phase calls for a “high-end” mixed-use development on a five-acre parcel with 382 apartments of studio, one-bedroom and two-bedrooms, ranging from 750 square feet to 1,200 square feet, in partnership with Edwards Communities. [&hellip
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Developer Building New $14 Million Residence Inn Hotel In Elmwood

June 1, 2016 • Hotel & Hospitality, Jefferson Parish • 7868

Miami-based developer Amit Patel with Elmwood Hospitality LLC has announced plans to build a new 119-key Residence Inn hotel in Elmwood. The hotel at 1080 Elmwood Park Blvd. will have 85,000 square feet across four stories, and 119 rooms at about 500 square feet each. Each suite will share a full kitchenette. Other amenities include a basketball court and [&hellip
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