Canal Street Beat | New Orleans Real Estate News

Rejected! 26 Story Hotel Development The French Quarter Gets The Boot

August 27, 2015 • Central Business District, Development, French Quarter, Hotel & Hospitality, Zoning and Land Use • 4796

A proposal to turn a vacant 5 story building into a 26 story hotel in the 100 block of Royal Street, between Canal and Iberville, was rejected this week by the City Planning Commission. Developer Angelo Farrell’s vision for renovating this 5 story building was “shot-down” as they say. Farrell proposed to renovate the building and to add a [&hellip
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City Planning Approves Mid-City Condo Development

August 26, 2015 • Condos, Development, Mid-City, Zoning and Land Use • 6165

On Tuesday, the City Planning Commission approved the development of a 17 unit affordable condo building at 3100 Banks Street, reports Mid-City Messenger. Developers New Orleans Redevelopment Fund and Green Coast Enterprises are seeking to build the 3-story project, and asked for permission to resubdivide two lots into a single property to make it become a reality. The [&hellip
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$55 Million Virgin Hotel Gets City Council Approval

August 24, 2015 • Central Business District, Development, Zoning and Land Use • 6987

Last Thursday, the City Council voted 5-1 to approve the proposed ground-up construction of a new Virgin Hotel at the corner of Baronne and Lafayette Streets. The development had previously been denied by the City Planning Commission because the developers were seeking to build a tower taller than what zoning allowed. The hotel would have 183 [&hellip
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109,000 Square Foot Westpark Office Building Changes Hands

August 20, 2015 • Acquisitions, News, Office • 5855

The Algiers office building where FEMA set up shop after Hurricane Katrina is in the hands of new owners. The Westpark Office Building near General DeGaulle Drive was sold to locals Thomas Guinan Jr. and Harold Callais II. The seller was the Hertz Investment Group. The Los Angeles-based Hertz is one of the largest office players [&hellip
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Here Are The Plans For The Charity Hospital Redevelopment

August 17, 2015 • Central Business District, Development, Public Development • 12139

Back in April, the State of Louisiana released an RFP for the redevelopment of the Art-Deco Charity Hospital in Downtown New Orleans. The one million square foot project has been vacant since Katrina. Last week, Nola.com published three of the developer’s proposal to redevelop the project via a public records request with the state. The Matthews Southwest Proposal [&hellip
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Gulf States Real Estate Services Takes Over Management of Nord du Lac Shopping Center

August 12, 2015 • Retail • 5782

Gulf States Real Estate Services now runs the leasing, sales and management for The Pinnacle at Nord du Lac Shopping Center in Covington, reports nola.com. Pinnacle at Nord du Lac is a 300,000 square foot retail center that currently includes tenants Academy Sports and Outdoors, Kohl’s, Kirklands, Petco, Hobby Lobby, Texas Roadhouse, Olive Garden and Cracker Barrel. The shopping [&hellip
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Here’s Your Chance To Create Your Own Urban Park: New Orleans PARK(ing) Day

August 10, 2015 • Architecture & Design, Central Business District, Economic Development, Parks & Public Spaces • 6475

The Downtown Development District (DDD) is sponsoring New Orleans’ version of PARK(ing) Day, the annual, open-source global event where citizens, artists and activists collaborate to temporarily transform metered parking spaces into “PARK(ing)” spaces: temporary public places. The project began in 2005 when Rebar, a San Francisco art and design studio, converted a single metered parking [&hellip
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Piazza d’Italia Development Proposals Are In: Hotels, Condos, and Retail

August 7, 2015 • Central Business District, Hotel & Hospitality, Public Development • 8771

The City of New Orleans has released details of the five contenders and their proposals for the redevelopment of the city-owned Piazza d’Italia in the Central Business District. Here is an overview of the five proposals: The Finch Group of Boca Raton, Fla. Finch has proposed a 156-room hotel with 152 apartments and a 200-space parking garage. [&hellip
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Ace Hotel Finally Confirms It Will Open in Warehouse District

August 5, 2015 • Development, Hotel & Hospitality • 6330

The Ace Hotel has finally confirmed what we all knew for over a year – they will be opening a new location in the warehouse district in 2016 at 600 Carondelet St. The hotel is part of the larger South Market District development by the Domain Companies, who purchased the art-deco property in 2013 for $5.5 [&hellip
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ULI To Hold Seminar On Financing Mixed-Use Developments in NOLA

August 5, 2015 • Conference • 5200

The Louisiana chapter of the Urban Land Institute (ULI) is having another great conference tomorrow on financing smart growth. The sessions will focus on the growing trend in American real estate of walkable, mixed -use communities with green infrastructure and multi-modal transportation options. The event will provide a comprehensive overview of different funding sources and [&hellip
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