Canal Street Beat | New Orleans Real Estate News

$8 Million Saint Anna’s Redevelopment Hits Market; Only 4 Units Left

September 1, 2015 • Development, Lower Garden District, Multi Family • 5783

The newly redeveloped Saint Anna’s apartments on Prytania Street are finally open, and they look fantastic. The development includes six one-bedroom units, 14 two-bedroom units and three units with three bedrooms. The apartments will range in size from 900 to 1,600 square feet and are being designed for above market rate rents. Developers Felicity Property Company and [&hellip
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$3 Billion Invested Into Building & Retail In Downtown NOLA

August 28, 2015 • Central Business District, Construction, News • 5046

There’s no doubt that downtown New Orleans has been on a roll since Katrina, but did you know that apparently $3 billion has been invested in just the last 10 years? Nola.com has some good coverage on the boom in construction projects downtown, the massive influx of retail, and what it might take to keep [&hellip
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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 • 4858

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 • 6254

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 • 7094

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 • 5910

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 • 12231

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 • 5844

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 • 6532

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 • 8848

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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