Canal Street Beat | New Orleans Real Estate News

New Property Showcase Event: May & Ellis Luxury Apartments in the French Quarter!

September 13, 2016 • Development, French Quarter, Multi Family • 5260

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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Tulane Breaks Ground on $35 million Business School Expansion

September 12, 2016 • Construction, Uptown • 3808

Tulane University’s A. B. Freeman School of Business last week broke ground on the $35 million expansion of its business school. The project will add/renovate about 45,000 square feet to the space to Goldring/Woldenburg Hall I and II. The project also includes a four-story expansion and slick new glass facade. You can check out plans and renderings here. [&hellip
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Kelso Closes On Bywater Property For $16 Million Hostel; Plans To Open in 2018

September 9, 2016 • Bywater, Hotel & Hospitality • 5554

Ted Kelso of Pelican Royal LLC, the developer of the $16 million Bywater hostel Stateside, announced today to Canal Street Beat that he closed on the purchase of the land this week. Kelso closed on the purchase of 4019 Chartres St. for $2.47 million on Tuesday (Sept. 5), according to a news release from the developer. Kelso proposes a $16 [&hellip
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Former Times-Picayune Head Quarters Sells For $3.5 Million

September 8, 2016 • Acquisitions, Industrial, Office • 7723

A group of local investors has acquired the former headquarters of The Times-Picayune on Howard Avenue for $3.5 million. The group consists of developer Joe Jaeger, Mardi Gras World king Barry Kern, and real estate investor Arnold Kirschman. The building at 3800 Howard Ave. has been vacant since earlier this year, when The Times-Picayune moved all printing operations to Alabama. Most [&hellip
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Esplanade Mall Sells To California Firm

September 7, 2016 • Acquisitions, Kenner, Retail • 6108

The Esplanade Mall in Kenner has either been sold, or is about to be sold, depending on who you ask. An article in WGNO claimed that the mall was already sold, while an Advocate article says its about to be sold. Either way, it looks like the mall will be the domain of California-based Pacific Retail, [&hellip
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Is The Proposed $1.5 Billion Trade District Still Happening?

September 6, 2016 • Development, Lower Garden District, Zoning and Land Use • 7521

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 • 4071

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 • 16267

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 • 9594

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 • 9363

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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