Canal Street Beat | New Orleans Real Estate News

Canal Street Hotel Trades for $4.8 Million

August 3, 2015 • Acquisitions, Hotel & Hospitality • 6726

Hotelier Michael Valentino has purchased the former Days Inn hotel at 1630 Canal Street for $4.8 million, reports nola.com. The hotel has been shuttered since Katrina, and has been listed for over $7 million for years. Valentino told nola.com his plans for the hotel include a full renovation and repositioning of the hotel under a [&hellip
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Massive Port Marigny Development To Include Hotel, Marina, Retail, and Housing

July 31, 2015 • Development, Northshore • 5689

Drs. Michael and Marcus Pittman have proposed developing an abandoned 78 acre concrete plant on Mandeville’s waterfront into a major mixed-use development called Port Marigny. THe project would include 429 housing units, 192 apartments, 28 condominiums and about 100 large home sites. The development will also feature 60,000 square feet of commercial space, a 150-slip marina, [&hellip
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Higherpower Cycle | Yoga Coming To South Market District

July 30, 2015 • Retail, Warehouse District • 4857

The South Market District has announced that higherpower Cycle | Yoga will open next year at the Beacon, the third building in the development that’s currently under construction. higherpower is a state-of-the-art studio with a spectrum of classes to fulfill many fitness needs, from cycling to yoga to training. They already have a studio in Mid-City. [&hellip
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Kailas Plans 211 Unit, 8 Story Mixed-Use Development at Site of Former Sarah Mayo Hospital

July 28, 2015 • Development, Lower Garden District, Multi Family • 8057

The long vacant Sara Mayo Hospital at 625 Jackson Avenue has been purchased, and is slated to be converted into a 211-unit, eight story apartment complex with commercial, restaurants, and offices, reports our friends at the Uptown Messenger. The Kailas Company bought the shuttered property from a lender in 2014. The building had been vacant since the 1980’s. [&hellip
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Grass Plans Seven-Building, 48,000 Square Foot Retail Development in Kenner

July 27, 2015 • Development, Kenner, News, Retail • 9588

The Kenner City Council last Thursday (July 23) approved a seven-building, 48,000-square-foot commercial development at the intersection of Williams Boulevard and Joe Yenni Boulevard. Planet Fitness is the anchor tenant and will take up to 24,000 square feet. Developer Jody Grass is behind the development. Grass is the owner of construction firm Allied Building Co. Grass has been [&hellip
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NFL-backed 100,000 Square Foot Assisted Living Center Coming To Kenner

July 24, 2015 • Development, Healthcare, Kenner • 4928

On Thursday (July 23, 2015), the Kenner city council approved a proposal by developer Validus Senior Living to build a 104,000-square-foot assisted living facility for 160 residents at the corner of Loyola and Vintage. The facility will feature a memory-care clinic, a dog park, a swimming pool, a golf putting green, a walking path, ponds and a fishing [&hellip
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Tiny House Craze Hits New Orleans

July 23, 2015 • Development, Lower Garden District, Residential • 4506

Tiny Homes have been sweeping the nation, and it looks like the trend is finally taking room in New Orleans. A home in the 3100 block of St. Thomas street thats just under 1000 square feet just broke ground. The Irish Channel house is only 9 and a half feet wide, and packs in a [&hellip
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Cummings Plans New 220 Apartment & Mixed-Use Development In Bywater

July 22, 2015 • Bywater, Development, Multi Family • 7238

Developer Sean Cummings has new plans to develop luxury Bywater condos on Press Street, reports WDSU. The plan calls for residences, artist studios, an urban farm, and retail space. In total, it will feature the conversion of two giant warehouses into 220 apartments, 1 – 3 bedrooms, lofts to townhouses and both market rate and “affordable” that [&hellip
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Market Street Power Plant Headed For Public Auction

July 20, 2015 • Acquisitions, Sports & Specialty • 4868

The Market Street power plant is going to be auctioned off publicly after a bankruptcy case was dismissed, reports nola.com. Developer Joe Jaeger is the primary creditor on the property. Jaeger lent the property owners over $14 million to redevelop the property, and is now seeking to foreclose on it to recover his money. Development group Market Street [&hellip
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New Bed and Breakfast Coming To Irish Channel?

July 17, 2015 • Hotel & Hospitality, Lower Garden District, Zoning and Land Use • 3820

Rendering by Stephen “Spike” Perkins. (via City of New Orleans)The Uptown Messenger reports that the City Planning Commission gave an initial thumbs up to a newly proposed Irish Channel bed and breakfast on Laurel Street. The site would be located at 3100 Laurel Street and 830-842 Eighth Street, and currently has two buildings on three lots. [&hellip
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