Canal Street Beat | New Orleans Real Estate News

Repositioned “Galridge Center” Retail Development Nears Capacity

December 22, 2015 • Retail, West Bank • 5109

The Galridge Center, located at 3361 General Degaulle Drive in New Orleans, is already nearing capacity after confirming a number of new tenants. The Center only has two available spaces left at approximately 2,200 square feet. Developer Josh Bruno paid $1.2 million for the property last year and his budget for the development was $2.6 [&hellip
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Piazza d’Italia Down to one Developer: A Hard Rock Hotel [We’ve Got Renderings]

December 21, 2015 • Architecture & Design, Central Business District, Development, Hotel & Hospitality • 17047

The City’s plan to redevelop the vacant lots surrounding The Piazza d’Italia is down to just one developer to build on the site. The development team lead by ICD-Sitra, Crowninvest LLC and Operadora de Servicios para Hoteles de Lujo (OSHL) is the last team in the running, and has proposed a $125 million dual hotel development. Their proposal [&hellip
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Luxury Bywater Condo Project at 3200 Chartres Secures Design Approval [Renderings]

December 18, 2015 • Bywater, Condos, Development • 10641

New Orleans-based MK Red, the development group behind the Baker’s Row condos at the old Hubig Pie site, just secured design approval from the Architectural Review Committee for their luxury condo project at 3200 Chartres Street next to Crescent Park called 32HUNDRED. MK Red partner Mike Bosio told CanalStreetBeat that their “biggest influences when designing on this prominent site [&hellip
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Condo Development Proposed For Carondelet Street [We’ve Got Renderings]

December 18, 2015 • Garden District, Multi Family • 6856

Developers James Brown III and Sam Solomon of 2223 Carondelet LLC have proposed a new 18-unit condominium development near the Garden District. The condo project would be built on a 15,000-square-foot vacant lot at 2223 Carondelet Street, about a block from Jackson Avenue and St. Charles. The project would sit 52 feet tall, have four stories, and feature 28,400 [&hellip
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9 Story, Multi-Million Dollar “Canal Crossing” Development Proposed For Canal Street

December 15, 2015 • Central Business District, Development, Multi Family • 12713

Provident Realty has filed plans with the city for Canal Crossing Apartments, a nine (9) story luxury apartment building at 1551 Canal Street. Based on the renderings and plans filed with the city, 1551 Canal would feature a pool, fitness center, roof top “pet park”, a 10,000 square foot courtyard, and a 20,000 square foot [&hellip
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Check Out The $76 Million Jung Hotel Redevelopment Renderings

December 14, 2015 • Architecture & Design, Central Business District, Hotel & Hospitality • 11514

The Jung Hotel, once the largest and grandest hotel in the Southern United States, is undergoing a massive transformational redevelopment. You can check out the plans here. Joe Jaeger is the developer and The Mcdonnel Group is the contractor. Both John Williams Arhcitects and Trahan Architects have worked on the project. A complete historic restoration will preserve [&hellip
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Developers of Bywater Condo Project To Present Designs to BNA Tomorrow

December 9, 2015 • Bywater, Zoning and Land Use • 5932

The plans for the proposed $5.5 million condo development next to Crescent Park bridge at 3220 Chartres Street will be presented to the Bywater Neighborhood Association tomorrow, December 10. Developers David Fuselier and Patrick Schoen, along with architects Mathes Brierre, will be presenting their design plans for the project. You can check out the renderings here. The new [&hellip
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The History Of Poydras Street Development

December 8, 2015 • Central Business District • 9679

Richard Campanella, the historian and geographer with the Tulane School of Architecture, just published an article in nola.com that does a great job outlining the history of Poydras Street and the decisions that drove its development into New Orleans’ high rise center. City planners and residents wanted the street widened in the 1950s and 60s to make more [&hellip
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Check Out The Renderings For This Bywater Luxury Condo Project Next To Crescent Park

December 4, 2015 • Bywater, Development, Multi Family • 10188

A developer has filed plans with the city to construct a 4 story building with 12 residential units on floors two through four, and a 1550 square foot ground floor commercial space. The new construction is in a great location at 3220 Chartres Street, immediately adjacent to the Crescent Park bridge in the Bywater. According to [&hellip
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Another Downtown Hotel Trades: Hotel 504 on Canal Street Sells for $20 Million

December 3, 2015 • Acquisitions, Hotel & Hospitality • 8002

The InSite Group, a real estate investment firm based in Fort Lauderdale, Florida, has purchased the recently rebranded Hotel 504 at 1300 Canal St for $20 million. The 157 key hotel had been the Clarion Inn & Suites since 1997, when the seller, Kahn Properties, Inc. of Metairie, purchased it from Tulane for 1.1 million. The transaction was part [&hellip
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