Canal Street Beat | New Orleans Real Estate News

New Orleans Developer Announces New National Acquisitions

January 11, 2016 • Acquisitions, Commercial, Development, News • 9131

New Orleans-based Bruno, Inc., run by developer Joshua Bruno, has announced two additional commercial acquisitions to add to its national portfolio: Circle K convenience store and gas station located at 2302 W. Market Street in Bloomington, IL and Circle K convenience store and gas station located at 1685 S. Baltimore Avenue in Decatur, IL. “The [&hellip
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New Orleans’ Ace Hotel Opens March 14

January 8, 2016 • Hotel & Hospitality, Warehouse District • 6461

The new hotel in the former Max Barnett Furniture Store will feature 234 rooms with rates from $189 and up. Developer Domain Companies purchased the building in 2013 for $5.4 million according to city records. You can check out some of the floor plans and renderings here. The hotel will feature a restaurant by James Beard [&hellip
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Upscale Hostel Coming to Bywater Riverfront

January 7, 2016 • Bywater, Hotel & Hospitality • 7683

Developer Ted Kelso is proposing an upscale hostel with 43 rooms, 185 beds, a bar and restaurant on vacant land in the Bywater. The name of the project is currently in the works. The corner property, bordered by Royal, Mazant, Chartres and Bartholomew streets, would have a 43,000 square foot building. The rooms would be a mix [&hellip
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Demolition of Tulane Avenue Hotel Approved; New Retail To Be Built

January 5, 2016 • Mid-City, Zoning and Land Use • 8201

The Neighborhood Conservation District Advisory Committee unanimously approved a demolition request for the old, abandoned hotel at 2820 Tulane Avenue on Monday (January 4). The property owner, Bahram Khoobehi, was represented by Sam Bailey of Louisiana Demolition, Inc., according to a report by our friends at Mid-City Messenger. Bailey mentioned that Khoobehi had plans to build a new [&hellip
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First Tenant Opens at the New 54,000 Square Foot Offices at Mid-City Market

December 31, 2015 • Mid-City, Retail • 4844

Orangetheory Fitness, a fitness studio that specializes in hour-long group interval training workouts, is the first tenant to open at the Offices at Mid-City Market, a 54,000 square foot, mixed-use complex in the burgeoning Mid-City neighborhood of New Orleans. The Offices at Mid-City Market features approximately 31,000 square feet of prime office space along with 9,000 square feet [&hellip
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Check Out Tulane’s Business School Expansion Plans [We’ve Got Renderings]

December 30, 2015 • Architecture & Design, Uptown • 12208

Tulane University’s A. B. Freeman School of Business filed plans last week for the expansion of its current building and campus, and the designs look fantastic. The new Freeman School expansion includes a 42,000 square foot addition to the two existing Freeman buildings (Goldring/Woldenberg Hall I (GWI), and Goldring/Woldenberg Hall II (GWII)) that will link the buildings to create [&hellip
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Queen & Crescent Hotel Sells For $51 Million To Dallas Investors

December 29, 2015 • Acquisitions, Central Business District, Hotel & Hospitality • 7158

The Queen & Crescent Hotel at 344 Camp Street was sold for $51.2 million two weeks ago. KBS Strategic Opportunity REIT II, which purchased the property from Northview Hotel Group of Connecticut along with Encore Hospitality of Dallas, according to Orleans Parish conveyance records. Encore paid roughly $261,200 per key for the 196-room hotel. According to the company’s website, [&hellip
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Repositioned “Galridge Center” Retail Development Nears Capacity

December 22, 2015 • Retail, West Bank • 5344

The Galridge Center, located at 3361 General Degaulle Drive in New Orleans, is already nearing capacity after confirming a number of new tenants. The Center only has two available spaces left at approximately 2,200 square feet. Developer Josh Bruno paid $1.2 million for the property last year and his budget for the development was $2.6 [&hellip
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Piazza d’Italia Down to one Developer: A Hard Rock Hotel [We’ve Got Renderings]

December 21, 2015 • Architecture & Design, Central Business District, Development, Hotel & Hospitality • 17391

The City’s plan to redevelop the vacant lots surrounding The Piazza d’Italia is down to just one developer to build on the site. The development team lead by ICD-Sitra, Crowninvest LLC and Operadora de Servicios para Hoteles de Lujo (OSHL) is the last team in the running, and has proposed a $125 million dual hotel development. Their proposal [&hellip
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Luxury Bywater Condo Project at 3200 Chartres Secures Design Approval [Renderings]

December 18, 2015 • Bywater, Condos, Development • 10832

New Orleans-based MK Red, the development group behind the Baker’s Row condos at the old Hubig Pie site, just secured design approval from the Architectural Review Committee for their luxury condo project at 3200 Chartres Street next to Crescent Park called 32HUNDRED. MK Red partner Mike Bosio told CanalStreetBeat that their “biggest influences when designing on this prominent site [&hellip
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