Canal Street Beat | New Orleans Real Estate News

CC’s Coffee On Canal With Drive-Thru Shot Down at City Planning

October 15, 2015 • Architecture & Design, Mid-City, Zoning and Land Use • 6370

Developer and restauranteur Anthony Marullo’s proposal to build a CC’s Coffee House with a drive-thru on Canal Street was rejected by the City Planning Commission this week (Oct. 13). The primary objection was that the design is too suburban for Canal Street and the city’s desire to create an urban and pedestrian friendly environment near [&hellip
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Trinity Luxury Yacht Complex Hits The Market For $17,500,000

October 13, 2015 • Sports & Specialty • 5534

Yacht builder Trinity Yachts has put their shipyard facility on the market for $17,500,000. The facility, located at 4325 France Road on the Industrial Canal, includes 37.5 fenced acres of heavy industrial land, 3 acres of parking along France Rd. and 6 acres in the Industrial Canal, with 2,631′ water frontage, several slips and numerous buildings totaling [&hellip
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Oil & Gas Building Gets Canopy Hotel by Hilton Flag

October 9, 2015 • Central Business District, Development, Hotel & Hospitality • 8508

Maryland-based Baywood Hotels has announced that the 14-story office building at 1100 Tulane Ave. will become a Canopy by Hilton Hotel. Baywood purchased the building for $7 million on Dec. 11, 2014 from Renaissance Neighborhood Development Corp., an affiliate of Volunteers of America. RNDC had purchased the building in 2013 for $2.3 million with plans to convert it [&hellip
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New 40,000 SF Dave & Busters On The Market For $13,900,000, Not Even Built Yet

October 7, 2015 • Central Business District, Retail • 15993

The commercial condo that will house the new Dave & Busters at the top of new 1200 Poydras Street parking garage has hit the market with a $13,900,00 price tag. The project has barely broken ground, with the site being cleared by bull dozers as we speak. According to the property listing, the 40,900 square foot commercial condo [&hellip
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Will young professionals leave downtown New Orleans for the suburbs?

October 5, 2015 • Multi Family, News • 6364

We don’t think so. But high costs and low supply, coupled with a desire for a more safe environment, have an impact? Our friends at nola.com have some more thoughts on it, backed up by some data. The question posed by nola.com is whether young professionals want to move to the suburbs as they begin to start [&hellip
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UNO Technology Building Trades; Slated For Dual Marriott Brand Hotel Development

October 2, 2015 • Acquisitions, Central Business District, Development, Hotel & Hospitality • 5529

Dallas-based hotel developer NewcrestImage announced that they acquired the building at 1600 Canal Street, formerly known as the UNO Technology building. NewcrestImage most recently developed and sold the AC Hotel at the former Cotton Exchange building in the CBD. The company plans a total renovation of the 13 story building into a 105-key Marriott TownePlace Suites [&hellip
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New Class A Building Proposed for Canal Street

September 30, 2015 • Construction, Mid-City, Office • 6461

A developer has plans to develop a new office building on Canal Street, directly across from the new LSU-VA Hospital complex. According to the materials marketing the property, the vacant lot at 1839 Canal Street is proposed to be converted into a three story Class A office building for a total of 8,650 square feet [&hellip
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Construction Begins on $200 Million Covington Mixed-Use Development

September 28, 2015 • Construction, Northshore • 6015

Construction has kicked off on a brand new 92-acre mixed-use business and retail park on the North Shore in St. Tammany Parish, called the Versailles Business Park. Gulf States Real Estate Services closed on the land in June, and envision a CBD-like development that will house office, retail, residential, medical and hospitals. The development comes with an estimated [&hellip
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225 State Street Condos Rejected, & Other News From City Planning

September 25, 2015 • Zoning and Land Use • 8092

The City Planning Commission on Tuesday (Sept. 22) laid down some big decision regarding a variety of development proposals in different areas of the city, including a rejection of Jim McPhaille’s plan to build 48 luxury condominiums at 225 State Street. Among the other things that occurred at this week’s meeting: -McPhaille’s new development, dubbed [&hellip
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ULI Hosts Event On NOLA Development and the New CZO

September 23, 2015 • Conference • 5526

The Urban Land Institute (ULI) is hosting an event tonight that looks pretty damn awesome for anyone interested in real estate development. The ULI has put on some great events in the past, including one on financing mixed-use developments, and they recently dished out $50,000 as part of an urban planning competition for redeveloping Mid City. [&hellip
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