Canal Street Beat | New Orleans Real Estate News

Dallas-Based Cypress Equities Acquires Nord du Lac Shopping Center

April 4, 2016 • Acquisitions, Northshore, Retail • 6481

The Nord du Lac retail and shopping destination has changed hands after its acquisition by Dallas-based Cypress Equities. The seller was Birmingham-based Colonial Properties Trust. Gulf States Real Estate Services, which took over property management last year, will continue to handle leasing and management for the new owners. The center’s tenants include Academy Sports, Hobby Lobby, Kohl’s [&hellip
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Confirmed: Mattress Store Replacing Little Korea Restaurant on Claiborne [We’ve Got Plans]

April 4, 2016 • News • 4769

A few weeks back we reported that the former Little Korea Restaurant at 3301 S. Claiborne was being converted in to a furniture store. We now have confirmation that the former Taco Bell location will be entirely demolished, and a newly built 4,000 square foot mattress store will be built in its place. No word [&hellip
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Pan-American Life Expands Worldwide Headquarters in Downtown New Orleans

March 30, 2016 • Central Business District, Office • 5772

Pan-American Life Insurance Group has announced they will be leasing an additional 9,000 square feet of space at 601 Poydras St., its headquarters in downtown New Orleans. Local real estate firm Stirling Properties owns the building, which it purchased from San Diego-based Equastone LLC for $60.9 million in 2011. Pan-American has been headquartered in the building since 1981, [&hellip
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Charity Hospital Building Back on The Block

March 30, 2016 • Central Business District, Public Development • 6757

After recently killing the latest effort to redevelop Charity Hospital, word on the street is that the Louisiana Division of Administration’s Office of Facility Planning and Control will be coming out with a Request For Information this summer to eventually hire a consultant to guide the process of redevelopment on behalf of the state. The art-deco structure [&hellip
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Tipitina’s South Shore Harbor Reveals New Plans With Amphitheater & Open-Air Market

March 29, 2016 • Lakeview/Lakefront, New Orleans East, Sports & Specialty • 9187

Developer and Tipitina’s owner RolandRoland von Kurnatowski has revealed the newest plans for his huge lakefront development, Tipitina’s South Shore Harbor Marina. Last year, Kurnatowski signed a deal to lease and redevelop the vacant South Shore Harbor marina in New Orleans East from the Orleans Parish Non-Flood Protection Asset Management Authority. The deal requires that he spend at least $12 [&hellip
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City Approves Redevelopment Of Mid-City Church Into Residential Apartments

March 28, 2016 • Development, Mid-City, Multi Family, Residential, Zoning and Land Use • 5177

The City Planning Commission last week approved a proposal by the New Orleans Redevelopment Fund to convert a historic mid-city church into a 20 unit residential development. The project calls for the conversion of the First United Baptist Church at 131 S. Jefferson Davis Parkway into 20 residential units, with the ability to add another 4 units in [&hellip
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184-Foot Hotel Tower Proposed For Convention Center Blvd.

March 24, 2016 • Hotel & Hospitality, Warehouse District • 9686

New Orleans developers Clayton Randle of Quiwa Holdings LLC and David Hecht of Formwork Development LLC are planning a new hotel 17 story on Convention Center Blvd. The developers are renovating a 5 story vacant warehouse at 1148 South Peters Street and also plan to build a 184 foot hotel tower on the vacant lot next door facing the [&hellip
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Four Seasons World Trade Center

March 21, 2016 • Hotel & Hospitality, Legal, Public Development • 7084

The lawsuit filed by the would-be World Trade Center developers against the city is proceeding as planned, and is now scheduled for a trial in October. New Orleans Civil District Court Judge Tiffany Chase has scheduled the trial for October 24th, 2016 between Two Canal Street Investors, who accused the city from running an unfair [&hellip
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HRI Properties Secures Additional $50 million Investment

March 18, 2016 • Finance & Lending, News • 4297

HRI Properties announced yesterday that they had secured $50 million in funding from New York-based Almanac Realty Investors, just two years after Almanac committed $150 million. Almanac managing director Justin Hakimian said in a news release that the additional capital was needed given HRI’s continued growth on 16 new projects across eight states and an aim towards an IPO. [&hellip
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Former Little Korea Restaurant on S. Claiborne Becoming Furniture Store?

March 14, 2016 • Development, Retail, Zoning and Land Use • 5757

The property at the corner of S. Claiborne and Toledano may be in for a change: a new furniture store. The site is a former Taco Bell location and currently houses the Little Korea Restaurant. Applications were filed with the City on March 11, 2016 to demolish the current building and construct a new building. The demolition application [&hellip
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