Canal Street Beat | New Orleans Real Estate News

Proposed Virgin Hotel Gets A ‘No’ From Planning Commission

July 16, 2015 • Development, Hotel & Hospitality, Zoning and Land Use • 4645

The developers of a proposed Virgin Hotel received a “No” vote from the City Planning Commission this week over height concerns. Plans called for a 14 story Virgin Hotel on a parking lot at 550 Baronne St. n the CBD. Developers Gatehouse Capital and David Garcia are behind the new 125,000 square-foot hotel that would feature [&hellip
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$24 Million Mid-City Rehab Facility Finally Breaks Ground

July 14, 2015 • Development, Healthcare, Mid-City • 4204

Cobalt Medical Development, the Dallas-based private healthcare real estate development and investment company, announced in May 2014 that it would be breaking ground on a new healthcare rehabilitation facility in Mid City next to the former Lindy Boggs Medical Center. Finally, over a year later, the company announced that they have finally broken ground on what will become a state-of-the-art [&hellip
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Billions In Investment Since 2006: Downtown Development Gone Wild!

July 13, 2015 • Central Business District, Conference, Development, Economic Development, News • 4518

The New Orleans chapter of Commercial Real Estate Women (CREW) has hosted some great events over the last year, including a behind-the-scenes tour of the Hibernia Tower development, an inside look at the future of the Bywater and in real estate financing in NOLA, and a primer on Tax Credit finance. CREW’s latest summer luncheon focuses on [&hellip
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Luxury Condos Planned for Warehouse District Site

July 10, 2015 • Condos, Development, Warehouse District • 7107

A developer from Texas has submitted plans to the City for the construction of a condo project at the corner of O’Keefe Avenue and Julia Street. If approved by the Historic Districts Landmark Commission’s Architectural Review Committee in its current form, the building will be 5 stories (70 ft. tall) and 41,000 sq. ft. The condo [&hellip
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Domain Announces 15-Story Luxury Condo Building “The Standard” Coming to Downtown

July 9, 2015 • Architecture & Design, Condos, Development, Warehouse District • 6961

Local developers of the South Market District, located within the Central Business District, recently announced they plan to add a fourth building to their downtown development. The construction will include 24,000 square feet of ground floor retail space with 89 upper level condominiums, which will be known as “The Standard”. The Standard will include a [&hellip
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Trader Joe’s Opening in Metairie At Largest Undeveloped Lot on Veterans

July 8, 2015 • Jefferson Parish, Retail • 4153

Trader Joe’s will be opening a new location in Metairie that will open in 2016, which is the second Trader Joe’s in Louisiana and the first in the New Orleans area. The Los Angeles-based grocery store company announced that the store will open a 10,200 square foot store in 2016 at the corner of Veterans and N. [&hellip
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Walking Path and Bike Lanes Coming to New Napoleon Avenue

July 7, 2015 • Construction, Parks & Public Spaces • 5419

When the Napoleon Avenue drainage canal construction is finished, which is expected to be at the end of this year, the U.S. Army Corps of Engineers plans to build a new walking path down the middle of the neutral ground. The Corps also plans on making the neutral ground narrower to make room for bike lanes [&hellip
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Camp Bow Wow to Open Franchise Location in Mid-City

July 2, 2015 • Commercial, Development, Mid-City, News • 7279

Restauranteur Herbert Dyer has partnered with Angelle Crochet and Rusty White to bring the doggy day care franchise Camp Bow Wow to Mid-City. The site, purchased in May 2014, will house a 10,000 square foot brand new facility at 3301 Conti Street along the Lafitte Greenway. Dyer was considering other properties but they were all [&hellip
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Federal City Redevelopment Team Engages Community to Discuss Master Plan

July 1, 2015 • Development, News, Retail • 6996

Federal City is a public-private mixed-use 130-acre development located on the former Naval Support Activity (NSA) New Orleans West Bank property in the Algiers historic district of New Orleans. $150 million of state funds has been committed to date to site redevelopment, representing one of the largest redevelopment investments by the State of Louisiana. [&hellip
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New High-End Development Coming to Bayou St. John

June 30, 2015 • Commercial, Mid-City, News, Residential, Retail • 4486

Nine acres of land adjacent to Lafitte Greenway in Bayou St. John area of Mid-City has been sold to entrepreneur and investor Sidney Torres, owner of IV Capital. The property will be developed into a high-end, mixed-use residential and commercial community. Torres and partners did not disclose a purchase price. He is joined by restaurateur Hicham [&hellip
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