Canal Street Beat | New Orleans Real Estate News

92-Acre Business Park Planned in Covington

June 30, 2015 • News • 7849

Gulf States Real Estate Services has completed the purchase of the 92-acre Versailles Business Park in Covington. Developers are planning 16 different lots, which will include residential, medical offices and hospitals. “We hope to bring some corporations to this area that will bring quality jobs and help boost every aspect of our economy,” said Michael [&hellip
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Latter & Blum Now 33rd Biggest Real Estate Firm Nationwide

June 26, 2015 • Acquisitions, News • 3876

An industry publication has ranked Latter & Blum as the 33rd largest residential real estate firm in the country. Latter & Blum jumped from 43rd to 33rd. The ranking by REAL Trends 500 is based on the number of transactions handled. In addition to a hot real estate market, Latter & Blum has been on an [&hellip
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“Trash Palace” Theater in the Marigny Gets City Planning Approval

June 24, 2015 • Development, Marigny, Sports & Specialty, Zoning and Land Use • 6106

Yesterday (June 23), theCity Planning Commission blessed a proposed development that would convert an old brewery at the corner of Elysian Fields Avenue and Chartres Street into an 10,800-square-foot theater called Trash Palace. Developers Gregor Fox and Jennifer Taylor plan to turn the old building into a large theater event space, plus office and retail. [&hellip
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Turnbull Bakeries Redevelopment Secures Final City Approval

June 22, 2015 • Lower Garden District, Zoning and Land Use • 5032

The New Orleans City Council last week approved a developer’s plan to demolish the former Turnbull Bakeries warehouse in the Irish Channel and replace it with 15 brand new luxury single-family houses. The project received the blessing from the City Planning Commission three weeks ago. Developers Nicole Webre and Bo Pennington were seeking a zoning change from light industrial [&hellip
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Mid-City Boutique Hotel Wins Council Approval

June 19, 2015 • Hotel & Hospitality, Mid-City • 4134

Developer Dr. Narinder Gupta’s proposed 122 room Hotel Loren on Canal Street won its final approval from the New Orleans City Council Thursday (June 18). The approval comes one week after the developer secured the blessing of the City Planning Commission. unanimous support from the City Planning Commission this week. The project now just needs final approval [&hellip
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Netchex To Lease 30,000 Feet, Expand HQ & Create 240 New Jobs

June 18, 2015 • Northshore • 5840

Netchex, the payroll services company headquartered in Mandeville, announced today that has leased 30,000 square feet and plans to spend $5.3 million on its new HQ in Mandeville. The company has not yet released the location for the new HQ. The company plans to hire an additional 240 people at the new offices. According to [&hellip
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Lafitte Greenway is 94 Percent Done!

June 17, 2015 • Mid-City, Parks & Public Spaces, Public Development • 4881

According to the City of New Orleans, the long-awaited Lafitte Greenway is almost here! The Department of Public Works announced yesterday that the project is 94 percent complete. The Lafitte Greenway, a 2.6-mile multi-use trail, bike path, and linear park connecting the French Quarter to Bayou St. John and Mid City, will finally break ground March [&hellip
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Luxury Warehouse District Development Granaio Lofts Wins City Council Approval

June 16, 2015 • Central Business District, Development, Warehouse District • 8331

Josh Bruno’s Warehouse District luxury development Granaio Lofts has finally been approved by City Council after over a year. The project received a 6-0 favorable vote in addition to the council members commending the team on the updated design. “The meeting couldn’t have gone much better,” Bruno told CSB. ‘The council was very receptive to [&hellip
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Le Pavillon Hotel Sold For $62.5M To Dallas Firm

June 15, 2015 • Acquisitions, Central Business District, Hotel & Hospitality • 7555

Dallas-based Ashford Hospitality Trust, Inc. announced last week that they had acquired the 226-room Le Pavillon Hotel for 62.5 million in cash ($277,000 per key, slightly above the listing price of $275,000/key). The hotel at 833 Poydras St. features approximately 7,800 square feet of meeting space across nine rooms. Remington Lodging is now the property manager. Financing [&hellip
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An Inside Peak At The Future Of NOLA’s Public Transportation: This Weekend’s ULI Pub Crawl

June 12, 2015 • Parks & Public Spaces, Public Development, Transportation • 4277

Our friends at the Urban Land Institute (ULI) of Louisiana and RIDE New Orleans are hosting a “transit” pub crawl through the city tomorrow. The tour will feature two of the city’s top experts on the future of transit, and will give attendees an inside look at the future of public transportation and some of the issues that the city [&hellip
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