Canal Street Beat | New Orleans Real Estate News

Stirling Closes $73 Million Loan On Fremaux Town Center In Slidell

June 13, 2016 • Finance & Lending, Retail, Slidell • 6514

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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National Retailer True Religion Opens on Canal Street

June 13, 2016 • Central Business District, French Quarter, Retail • 6740

Upscale denim retailer True Religion opened its first store in Louisiana on Canal Street in Downtown New Orleans. The store is located at the corner of Canal and Bourbon Streets in the Astor Crowne Plaza. The space at 739 Canal St. was formerly occupied by a Dixie Factory Outlet store. The True Religion renovation permit filed on [&hellip
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Construction Starts On The Towering $10 Million WWII Museum Canopy of Peace

June 9, 2016 • Construction, Hotel & Hospitality, Warehouse District • 11658

The WWII Museum has broken ground on the unbelievable canopy structure announced last year. The funding comes from a component of a $20 million gift from Joy and Donald “Boysie” Bollinger, the former chairman and CEO of Bollinger Shipyards Inc. The $10 million structure will hang 150 feet above the ground, and will be 448 feet long [&hellip
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Luxury Apts. Planned For Former Mid-City School Heads Back To Planning Commission

June 8, 2016 • News • 4609

Developer Narinder Gupta is back after his plans to convert the former Sacred Heart gym and school building in the 200 block of Rendon Street into luxury apartments were shot down. Newly filed plans include a three-story, 23-unit apartment building out of the 39,500-square foot abandoned building located on 217 South Rendon Street. Plans also call [&hellip
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Old No. 77 Hotel & Chandlery Sells To Portland Investment Fund

June 3, 2016 • Central Business District, Hotel & Hospitality • 5002

The recently opened Old No. 77 Hotel & Chandlery was just acquired by Provenance Hotel Partners Fund I, based in Portland, Oregon. The seller was New York-based GB Lodging and Woodbine Development Corporation of Dallas. The purchase price was not disclosed. “We are thrilled to have acquired an outstanding asset in a great long-term market,” said Gordon Sondland, [&hellip
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Torres Releases Plans For High-End Mixed Use Development in Mid-City

June 2, 2016 • Mid-City, Multi Family • 6791

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 • 8120

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 • 7494

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 • 14871

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 • 6300

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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