Canal Street Beat | New Orleans Real Estate News

Torres Releases Plans For High-End Mixed Use Development in Mid-City

June 2, 2016 • Mid-City, Multi Family • 6596

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 • 7954

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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Pan American Building Adds New Starbucks, Tsunami Sushi, And More Retailers

May 27, 2016 • Central Business District, Retail • 7342

The first floor of the Pan American Life Center at 601 Poydras St. got an upgrade this year with the conversion of 15,000 square feet of conference space into retail and restaurant space. Building owner Stirling Properties just announced that the new Starbucks held a soft opening yesterday. They are also anticipating the opening of [&hellip
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600-Foot-Long “Bioswale” Planned for Coliseum Square Park

May 25, 2016 • News • 14661

The Sewerage and Water Board publicly announced its plan to create a 600-foot-long bioswale in Coliseum Square Park at a neighborhood meeting last week, according to our friends at the Uptown Messenger. The bioswale is a drainage course or trench planted with local vegetation that filters and stores rainwater. The goal is to assist with storm water management by [&hellip
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Check Out the New Baker’s Row Condos Tonight At Former Hubig’s Pie Site

May 24, 2016 • Architecture & Design, Condos, Conference, Marigny • 6191

The Urban Land Institute (ULI) and developer MK Red are hosting a “Cocktails and Content” event tonight at the new Baker’s Row development on the former Hubig’s Pie site. Developers Kyle Resmondo and Michael Bosio developed Baker’s Row at the site of the former Hubig’s Pie Factory. Located in the heart of the Marigny at [&hellip
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HRI Properties Pulls in $220 Million in 2015, Website Reports

May 23, 2016 • News • 4372

HRI Properties, the New-Orleans based real estate development and management firm, generated $220 million in revenue in 2015. Apparently, HRI Properties confirmed to CityBusiness (paywall) that that figure is up 46% from $170 million in 2014. The 2,000 person firm founded in 1989 be Pres Kabacoff has undergone significant changes recently as it continues to grow into a [&hellip
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Controversial Bywater Hostel ‘Stateside’ Secures Council Approval

May 20, 2016 • Bywater, Development, Hotel & Hospitality • 6189

After the City Planning Commission unanimously rejected a controversial proposal for an upscale hostel in Bywater in March, they approved developer Ted Kelso’s plans for a hostel by a 6-1 vote yesterday, May 19, 2016. Kelso went back to the drawing board after March’s meeting, hired a new design firm, Studio WTA, and scaled back his [&hellip
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New 13,000 SF CVS Pharmacy To Open in Lower 9th Ward

May 19, 2016 • 9th Ward • 7021

CVS Pharmacy will open a new 13,225 square foot facility in the Lower 9th Ward today. The new building at 5000 N. Claiborne Ave. is the first national retailer to open in the Lower 9 since Katrina. The company broke ground on the building in August 2015. The developer, First Hartford Corp., received tax breaks from the city’s Industrial [&hellip
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New Orleans Tech Company Moves Into 43,000 Square Foot Old Times-Picayune Building

May 16, 2016 • News • 6119

Computrols, which began providing first-rate professional technical service for large building automation systems in 1983, has purchased and will be moving into the former Times-Picayune building on the West Bank. The company spent $1.4 million in March to purchase a 43,000-square-foot office and warehouse space at 2520 Belle Chasse Highway in Gretna. The facility features 10,000 square [&hellip
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Tulane Medical Center To Get $6M Renovation, Including New Specialty Unit

May 13, 2016 • Central Business District, Healthcare • 4314

Tulane Health System said in a news release Wednesday that it’s downtown New Orleans Tulane Medical Center will start on a $6 million renovation. The renovation includes a brand new bone marrow transplant unit, which will add eight rooms and private bathrooms and showers, a secure water supply, and an exercise and fitness facility for patients. The [&hellip
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