Canal Street Beat | New Orleans Real Estate News

HRI Properties Pulls in $220 Million in 2015, Website Reports

May 23, 2016 • News • 4495

HRI Properties, the New-Orleans based real estate development and management firm, generated $220 million in revenue in 2015. Apparently, HRI Properties confirmed to CityBusiness (paywall) that that figure is up 46% from $170 million in 2014. The 2,000 person firm founded in 1989 be Pres Kabacoff has undergone significant changes recently as it continues to grow into a [&hellip
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Controversial Bywater Hostel ‘Stateside’ Secures Council Approval

May 20, 2016 • Bywater, Development, Hotel & Hospitality • 6377

After the City Planning Commission unanimously rejected a controversial proposal for an upscale hostel in Bywater in March, they approved developer Ted Kelso’s plans for a hostel by a 6-1 vote yesterday, May 19, 2016. Kelso went back to the drawing board after March’s meeting, hired a new design firm, Studio WTA, and scaled back his [&hellip
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New 13,000 SF CVS Pharmacy To Open in Lower 9th Ward

May 19, 2016 • 9th Ward • 7148

CVS Pharmacy will open a new 13,225 square foot facility in the Lower 9th Ward today. The new building at 5000 N. Claiborne Ave. is the first national retailer to open in the Lower 9 since Katrina. The company broke ground on the building in August 2015. The developer, First Hartford Corp., received tax breaks from the city’s Industrial [&hellip
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New Orleans Tech Company Moves Into 43,000 Square Foot Old Times-Picayune Building

May 16, 2016 • News • 6301

Computrols, which began providing first-rate professional technical service for large building automation systems in 1983, has purchased and will be moving into the former Times-Picayune building on the West Bank. The company spent $1.4 million in March to purchase a 43,000-square-foot office and warehouse space at 2520 Belle Chasse Highway in Gretna. The facility features 10,000 square [&hellip
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Tulane Medical Center To Get $6M Renovation, Including New Specialty Unit

May 13, 2016 • Central Business District, Healthcare • 4422

Tulane Health System said in a news release Wednesday that it’s downtown New Orleans Tulane Medical Center will start on a $6 million renovation. The renovation includes a brand new bone marrow transplant unit, which will add eight rooms and private bathrooms and showers, a secure water supply, and an exercise and fitness facility for patients. The [&hellip
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New 17-Story Hotel Near Convention Center Gets HDLC Approval

May 12, 2016 • News • 5426

The proposed hotel at 1148 S. Peters St. by developers Clayton Randle and David Hecht secured unanimous approval from the Historic District Landmarks Commission this week. Just last month, they secured a waiver from the Board of Zoning Adjustments to build up to 17 stories. The entire project would include 200,000 square feet in two separate hotels, with about [&hellip
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Hard Rock Hotel Deal At Piazza d’Italia Is Dead

May 11, 2016 • News • 5021

The City’s plan to redevelop the vacant lots surrounding The Piazza d’Italia in to a Hard Rock Hotel is dead. The City announced yesterday (May 10) that the Canal Street Development Corp., the city entity that owns the land, failed to reach a deal with Hard Rock hotel developer ICD-Sitra. Apparently, negotiations between the two sides [&hellip
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Coworking Space ‘The Warehouse’ Opens in Bywater Neighborhood

May 6, 2016 • Bywater, Office • 8986

The Warehouse is the latest shared workspace and coworking community to launch in New Orleans. After putting some last minute touches on the space, The Warehouse officially opened its doors on April 25. In July of last year, SmartAsset ranked New Orleans #1 in America for creative professionals. Through incubators such as Propeller and The [&hellip
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NOLA Brewery Secures Live Music Permit From City Planning!

May 5, 2016 • Uptown, Zoning and Land Use • 3658

NOLA Brewery secured an initial approval from the city Wednesday (5/4) to add a live music venue to the building housing its newly built tap room, next to its current brewery. Entrepreneur and NOLA Brewery owner Kirk Coco had the support of theIrish Channel Neighborhood Association, in addition to the city planning staff. Coco is working with the neighborhood [&hellip
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Lula Restaurant Distillery Breaks Ground on St. Charles Avenue

May 4, 2016 • Construction, Food & Beverage, Garden District, Sports & Specialty • 6148

Lula Restaurant Distillery broke ground on St. Charles Avenue on Monday afternoon and plans to be open by October. The new distillery and bar will be built at the old Halpern’s building at 1532 St. Charles Avenue. Permits with the city peg the construction cost at $1,800,000. The project was started over two years ago (and you [&hellip
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