Canal Street Beat | New Orleans Real Estate News

HRI Properties Raises $87.5M From Billion Dollar StepStone Real Estate Fund

March 8, 2017 • Finance & Lending • 5169

New Orleans-based real estate development behemoth HRI Properties has secured an equity investment of over $87 million from StepStone Real Estate. StepStone Real Estate, a global investment manager with New York offices, closed a $700 million fund for StepStone Real Estate Partners III, and allocated $87.5 million of that fund for HRI Properties. HRI specializes in urban [&hellip
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New Three-Story Hotel Coming To The Marigny?

March 7, 2017 • Development, Hotel & Hospitality • 4460

Plans were filed yesterday (March 6, 2017) for a proposed three story hotel with 18 rooms at 1017 Marigny Street in the Marigny. The plans were filed by Architect Rick Fifield, who is known throughout the city for great historic renovation work. We don’t have much info about the project, other than the little info we [&hellip
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$1.5 Billion Trade District Talks “Stall Out”

March 6, 2017 • Development, Hotel & Hospitality, Sports & Specialty, Zoning and Land Use • 7304

The proposed $1.5 billion Trade District to de developed on a 47-acre tract of land adjacent to the Ernest N. Morial Convention Center has apparently “stalled out” according to a report in The Advocate. According to The Advocate, the convention center has been distracted with other deals, like their $12 million purchase of the former Louisiana [&hellip
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Le Petit Motel on Tulane Avenue Files Demolition Request

March 3, 2017 • Mid-City, Zoning and Land Use • 7225

The owners of the former Le Petit Motel, an old motel on Tulane Avenue, have filed for a demolition request with the city. The hotel at 2836 Tulane Avenue, which was purchased in April 2016 for $725,000 by San Francisco restaurateur Nicholas Fasanella and designer Devin Vermeulen of WeWork, was recently put back on the market and [&hellip
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$25 Million Top Golf Entertainment Complex Slated For Times-Picayune Building

March 1, 2017 • Development, Economic Development, Food & Beverage, Sports & Specialty, Zoning and Land Use • 25745

Driving range, restaurant, and entertainment complex TopGolf has plans to build a new facility in New Orleans at the site of the old Times-Picayune building. The Dallas-based company sent a letter to neighboring property owners announcing its plans. TopGolf had been targeting the New Orleans-area for years, and had really wanted to be in Orleans [&hellip
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Seven Three Opens New Distillery in Treme on Claiborne Avenue

February 27, 2017 • Food & Beverage, Treme • 5651

Seven Three Distilling Co. has opened a new distillery at 301. N. Claiborne Avenue, reports Todd Price of nola.com. The new distillery is housed in a 25,000 square foot building, and will feature a museum of sorts focused New Orleans, jazz and Storyville, and of course, a tasting room. The first product is a 1,000 bottle run [&hellip
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The Martzolf Group Launches in New Orleans, Catering to Luxury Real Estate Market

February 22, 2017 • Commercial, Entrepreneurship, News, People • 6704

The Martzolf Group is the latest real estate firm to launch in New Orleans. The group will represent buyers, sellers, and developers, with services including luxury real estate, development, and interior design. The company was launched as a partnership between Sarah Martzolf, of Keller Williams Realty New Orleans, and realtors Hayley Bumpas and Kristen Nelson. [&hellip
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Pontchartrain Hotel Makes Travel + Leisure ‘It List’

February 21, 2017 • Architecture & Design, Awards & Recognition, Historic, Hotel & Hospitality • 5507

Each year, Travel + Leisure reveals its list of Best Hotels in the World, or the “It List.” The Pontchartrain Hotel, located on St. Charles Avenue in the Garden District, was one of only 44 properties around the world to make the 2017 list. The awards will be published in the March 2017 issue of [&hellip
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$200 Million Versailles Business Center Opens This Week Near Covington

February 20, 2017 • Development, Northshore, Office • 4980

The $200 million, 92-acre business park on the North Shore called the Versailles Business Center will have its grand opening this Wednesday. Covington-based Gulf States Real Estate Services closed on the land in June 2015, and at the time said they envisioned a CBD-like development that will house office, retail, residential, medical and hospitals. Construction began [&hellip
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Miel Brewery is Headed to Irish Channel Later This Year

February 16, 2017 • Commercial, Food & Beverage, News • 4178

Another brewery is headed to the Irish Channel, a neighborhood in New Orleans already home to other breweries. Miel Brewery & Taproom owners Alex Peyroux and Janice Montoya both have experience in the brewing world through his work at Abita and Harpoon in Boston. Miel means honey in both French and Spanish. “We have this endless supply of local [&hellip
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