Canal Street Beat | New Orleans Real Estate News

Poeyfarre Market To Open Second Warehouse District Site

July 13, 2017 • Retail, Warehouse District • 5098

The Poeyfarre Market at 925 Poeyfarre Street plans to build a second location in the same neighborhood at 333 Julia Street, according to a letter dated July 3 sent to neighbors. The developer, Nesbit Clesi LLC, has an option to lease or purchase the retail space. The owners are Beau, Nicholas and Frankie Nesbit. The name of [&hellip
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$45 Million NOPSI Hotel Opens in CBD

July 11, 2017 • Hotel & Hospitality • 6729

The NOPSI Hotel in the New Orleans CBD is now open. The nine-story brick building was originally constructed in 1927 as the headquarters for New Orleans Public Service Inc. (NOPSI), the city’s former utility company and transit operator. Listed on the National Register of Historic Places, NOPSI Hotel features 217 refined guest rooms – including [&hellip
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Senior Housing Development Proposed For Central City

July 10, 2017 • Central City, Development, News • 15653

The Central City Housing Development Corp. has proposed a $4million, 34-unit development at Felicity and Saratoga streets. The new project, named the Ellis Smith and Louis Martin Plaza, is already zoned for multi-family developments, and the developers will be seeking reduced parking requirements to allow for higher density. They presented to the neighborhood association last [&hellip
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City To Spend $3 Million To Renovate New Orleans Riverfront

July 5, 2017 • Parks & Public Spaces, Public Development • 7879

On Wednesday (July 5), the French Market Corp.’s board awarded a $2.95 million contract to improve the Moonwalk, the levee and riverfront area in front of the French Quarter. Dynamic Constructors won the deal, and construction is set to begin this month. The project includes adding trees for shade, a large staircase that leads down [&hellip
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The Lafitte Greenway’s Growth Continues

June 30, 2017 • Mid-City, Parks & Public Spaces, Public Development • 7176

The Lafitte Greenway is continuing to grow and attract investment, according to several news stories this week in Nola.com and Uptown Messenger. The city has another $500,000 earmarked for Greenway operations and security in its 2017 budget, and has a number of projects on the drawing board, including: Repurposing the former brake tag station at [&hellip
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Cancienne’s $45 Million Mixed-Use Development Downtown Is Underway

June 27, 2017 • Development, Historic, Multi Family, Residential, Warehouse District • 13705

Developer and entrepreneur Christian Cancienne has a $34 million mixed-use development underway at the former Howard & Baronne Storage Center at 846 Baronne Street. Cancienne is converting the building in to 50 apartments and ground floor retail. A $34 million building permit was filed with the city and the property is eligible for federal and state [&hellip
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New Four Seasons World Trade Center Renderings Released!

June 22, 2017 • Development, Hotel & Hospitality • 14673

The redevelopment of the former World Trade Center in to a $360 million Four Seasons is moving forward after a variety of lawsuits that delayed the project for years has been resolved. Developer Carpenter & Co. of Cambridge, Mass. is moving forward with the development and plans to break ground this fall. Carpenter has teamed [&hellip
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PILOT Approved For $50M Downtown Development

June 21, 2017 • Development, Public Finance, Warehouse District • 7447

Last week, the Industrial Development Board approved a payment in lieu of taxes, or PILOT, for a new $50 million mixed-use development in the Warehouse District proposed by Woodward Interests and Boston-based Audubon Capital Partners. The developers plan to build a 307,000-square-foot apartment complex with commercial retail on the ground floor, 144 off-street parking spaces, and almost [&hellip
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New $12.5 Million Movie Studio Opens in New Orleans East [Video]

June 20, 2017 • Development, Innovation, New Orleans East, Tax Credits • 6806

The new multi-million dollar Starlight Studios opened in New Orleans East yesterday, June 19. The $12.5 million project includes over 35 acres of developable space, a 32,000 square foot sound stage and a 13,000 square foot sound stage, making it the largest in New Orleans. The entire project is new construction. Entrepreneur Billy Burk is [&hellip
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Tulane Hires Corporate Realty to Represent University in Off-Campus Real Estate Activities

June 19, 2017 • News • 4680

Corporate Realty, Inc. was recently awarded the contract to represent Tulane University in all Tulane off-campus real estate activities including lease administration, acquisitions and dispositions, along with oil, gas and timber holdings. Corporate Realty will also assist Tulane in developing a long-range strategic real estate plan. “Outsourcing our real estate program rationalizes our use of [&hellip
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