Canal Street Beat | New Orleans Real Estate News

Sidney Torres’ Lafitte Greenway Development Secures City Approval

June 29, 2016 • Mid-City, Multi Family, News, Residential • 6901

The New Orleans City Planning Commission approved a measure Tuesday that will allow a local developer to build the largest development along the Lafitte Greenway in Mid-City. New Orleans-entrepreneur Sidney Torres IV secured the approval of the City Planning Commission Tuesday to build his planned 380,000 square-foot development at the 9 acre site along the Lafitte Greenway, the design [&hellip
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Gardner To Build New Dialysis Clinic at Freret & Louisiana

June 28, 2016 • Central City, Development • 6161

Developer Peter Gardner plans to demolish the former medical center at 2500 Louisiana Avenue and build a new dialysis clinic at the site. Plans submitted with the demolition request by Charles Watkins of OGA Acquisitions in Nashville, Tennessee, state that the 8,500-square-foot building will be replaced with a new dialysis clinic. The Neighborhood Conservation District Advisory Committee considered [&hellip
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Hotel Modern at Lee Circle Acquired; To Become Intercontinental Hotel

June 27, 2016 • Acquisitions, Hotel & Hospitality, Warehouse District • 5779

The Hotel Modern at Lee Circle sold last week to Iowa City-based Hawkeye Hotels. Hawkeye announced plans to reflag the 10-story hotel into an InterContinental hotel. The acquisition price was not disclosed. “We’re community developers, and we have plans for a robust upgrade of this property that will fit into the existing culture and community of the area,” [&hellip
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Green Coast Enterprises Gets Capital Investment

June 23, 2016 • Finance & Lending, News • 4788

New Orleans developer Green Coast Enterprises has secured a $500,000 capital investment for GCE Services, their consulting arm that focuses on green development, energy efficiency and environmental sustainability for buildings. The funding comes from Elevate Energy of Chicago and New Ecology Inc. of Boston, both of whom offer services in the community-based sustainable redevelopment field. GCE Services assists [&hellip
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Goldberg’s Bagel Company Coming to Downtown NOLA!

June 22, 2016 • Central Business District, Retail • 9493

Atlanta-based Goldberg’s Bagel Company & Deli is leasing 6,500 square feet of retail space at 925 Common St. Goldberg’s will be located at the corner of Common Street and Roosevelt Way, adjacent to The Roosevelt Hotel and across from the Orpheum Theater and Moxy Hotel. The restaurant is expected to open in Winter 2016/17. The restaurant [&hellip
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200-Unit Apartment Complex to Replace Capri Motel on Tulane Avenue

June 21, 2016 • Mid-City, Multi Family • 9313

The Capri Motel’s new owners plan to replace it with a 200-unit apartment complex after they demolish it, according to our friends at Mid-City Messenger. On Monday, architect Charles Ward presented the demolition request for 2424 Tulane Avenue to the Neighborhood Conservation District Advisory Committee. At the meeting Ward told attendees that the owner planned to [&hellip
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Stirling Moves Headquarters to Pan American Life Center In Downtown NOLA

June 21, 2016 • Central Business District, Office • 4340

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 • 4748

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 • 7700

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 • 6427

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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