Canal Street Beat | New Orleans Real Estate News

Zoning Round-Up: Times-Picayune Building Zoning Change; New Community Center & More

January 9, 2017 • Mid-City, Zoning and Land Use • 4634

Lot’s of changes afoot throughout the city and more investment finds its way in to local real estate. Here is a brief update on some of the top zoning and land use stories around the City: New Times-Picayune Building Owners Seek New Zoning. The group that recently purchased the former Times-Picayune headquarters for $3.5 million is requesting a [&hellip
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Closing Soon: Macy’s at The Esplanade, Kmart at Elmwood Shopping Center

January 6, 2017 • Jefferson Parish, Retail • 4415

Jefferson Parish will lose two large retailers this year: Macy’s at The Esplanade Mall and Kmart at the Elmwood Shopping Center. The Macy’s closure is one of almost one hundred that the retailer announced it would close last year among slacking sales. They announced this week that they would close 68 stores in 2017, with [&hellip
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Hotel 504 Rebrands Under B Hotel & Resorts Flag After $20 Million Acquisition

January 3, 2017 • Central Business District, Hotel & Hospitality • 6015

After selling to a new owner last year for $20 million, the former Hotel 504 is now being rebranded as a B Hotel. According to plans filed with the city (and the hotel’s own website), real estate investment firm The InSite Group, based in Fort Lauderdale, Florida, purchased the property and is reflagging it to be [&hellip
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Step Inside the Well-Designed New Orleans Office of Bond Moroch

December 29, 2016 • Architecture & Design, Commercial, Historic, Magazine Street, Renovation • 6487

What was once an old movie theater along historic Magazine Street in New Orleans is now home to the public relations firm Bond Moroch. Located at 3308 Magazine Street, the firm sits directly above American Apparel and a busy shopping and dining area. Architects from Studio WTA laid out the space prior to interior designer [&hellip
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New Seven-Story Waterfront Luxury Condo Building Planned For Lakefront

December 29, 2016 • Condos, Development, Lakeview/Lakefront • 7650

The owners of 400 Lake Marina Avenue are seeking a zoning change for the property to construct a new luxury condominium building. The developer, 400 Lake Marina Avenue, LLC, led Sam Markovich, plans to build a seven-story luxury condo project with 11 condos, made of concrete and steel, with a glass and stucco exterior skin. The elevation renderings [&hellip
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Take A Peek Inside Launch Pad’s New CoWorking Space Downtown

December 22, 2016 • Central Business District, Office • 6408

In September, New Orleans-based coworking space Launch Pad announced they would be doubling their capacity and moving into a new space nearby at 400 Poydras Street downtown. The new Launch Pad space is being developed into a 22,500 square foot modern and collaborative coworking space ideal for connecting entrepreneurs, business owners, and other members of the community. [&hellip
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Massive Mixed-Use Development At Lee Circle Gets Initial HDLC Approval [We’ve Got Renderings]

December 21, 2016 • Development, Multi Family, Warehouse District • 7080

On Tuesday (Dec. 20), the Historic District Landmarks Commission’s Architectural Review Committee gave initial approval to a new mixed-use development at Lee Circle in the warehouse district. Philanthropist Phyllis Taylor secured approval to build a 191,000 square foot mixed-use development that would include ground-floor retail, 20 one-bedroom and two-bedroom residential units on the upper floors, and a five-story 300 spot [&hellip
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Sazerac Buys Historic Downtown Building For Cocktail Museum

December 19, 2016 • Central Business District, Development, Hotel & Hospitality • 5941

New Orleans-based Sazerac Company announced last week that it has purchased two historic buildings at the corner of Canal and Magazine Streets, and plans to convert them in to The Sazerac House, a cocktail museum focused on Sazerac. The two buildings, formerly known as the Katz Buildings, are over 200 years old and sit directly adjacent [&hellip
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WWII Museum To Build Beautiful New $66 Million Hotel [We’ve Got Renderings]

December 16, 2016 • Architecture & Design, Development, Economic Development, Hotel & Hospitality, Warehouse District • 8469

The National World War II Museum has long been working on plans to build its own hotel, and the museum finally made the public announcement yesterday. Plans call for an eight-story, $65 million hotel and conference center at 1000 Magazine Street. The site is currently an empty lot. Renderings for the beautifully designed hotel tower, [&hellip
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IDB Approves $6 Million Tax Break For $66 Million Mid-City Development

December 15, 2016 • Development, Mid-City, Multi Family • 5721

Ohio-based development group Edwards Communities secured a $6 million tax break from the Industrial Development Board (IDB) this week for their 382-unit apartment complex next to Bayou St. John and the Lafitte Greenway. On Tuesday, the IDB voted to provide the project with a payment in lieu of taxes, or PILOT. The PILOT allows the developers to [&hellip
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