Canal Street Beat | New Orleans Real Estate News

H&M Opens 22,000 SF Store at Oakwood Center Mall in Gretna

May 26, 2015 • Retail, West Bank • 8440

As we reported back in March, fashion retailer H&M has finally opened in Oakwood Mall in Gretna. H&M made its New Orleans debut back in 2013 in the french quarter. The new location features 22,000 square feet of space and employs 30 people. Oakwood Center is a 360,000 square foot mall owned by retail giant General [&hellip
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Loews State Palace Theater To Be Redeveloped, Asking $42 PSF For Retail

May 22, 2015 • Central Business District, Retail • 12408

The State Palace Theater is reportedly ready to be redeveloped, and the owner is asking $42 per square foot for ground floor retail space on Canal Street, according to a property listing. The 1920s Canal Street theater that’s been out of commission since Katrina was purchased last year for $3.5 million by real estate developer Gregor Fox. The proposed redevelopment offers 9,263 square [&hellip
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Joe Jaeger Expands Empire, Buys UNO’s Metairie Campus For $5.3 Million

May 21, 2015 • Acquisitions, Jefferson Parish, Office • 8919

Joe Jaeger, the real estate developer and entrepreneur, has purchased a four-story building at 3330 North Causeway Boulevard in Metairie that formerly housed University of New Orleans’ Metairie campus, reports nola.com Jaeger bought the 56,000 square foot property at an auction last month for $5.3 million, over the appraised valeu of $4.5 million. According to the article, [&hellip
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South Market District’s Anchor Commercial Tenant ‘Arhaus’ To Open June 26

May 20, 2015 • News • 4955

The $250 million mixed-use development known as the South Market District will see its anchor commercial tenant, furniture store Arhaus, open June 26. This will be the 57th store for the Cleveland-based Arhaus, which will join commercial tenants like Blaze Pizza, Willa Jean Bakery, Barre3, and Ursa Major. The development will eventually include 600 apartments, 170,000 square feet [&hellip
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Is There A New “Trade District” & MGM Grand Hotel Coming to the Riverfront?

May 20, 2015 • Development, Hotel & Hospitality, Lower Garden District, News • 21896

Earlier this year, the Convention Center issued a “request for interest” from developers for the redevelopment of 47 acres of unused land on the River owned by the Ernest N. Morial Convention Center into a massive mixed-use district that would featured shopping, hotel, residential, and entertainment. A group of developers vying to become Master Developer for [&hellip
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Fanciest Waffle House Ever Coming to NOLA

May 19, 2015 • Mid-City, Retail • 6855

The “fanciest Waffle House ever built” is coming to 2500 Canal Street, near the new medical campus. The new restaurant will include a 420 square-feet “bistro courtyard.” According to Waffle House real estate executive Bob Pence, no other Waffle House in America has a feature like this one. Our friends at Mid City Messenger have the [&hellip
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Is Pontchartrain Beach About to Reopen?

May 18, 2015 • Parks & Public Spaces, Sports & Specialty • 7988

A new proposal has surfaced that would reopen Pontchartrain Beach as a recreational facility. The New Orleans Advocate reports that the Lake Pontchartrain Basin Foundation has a plan to reopen and manage the beach area, which would include a swimming area and educational features, but no amusement rides. Pontchartrain Beach has been vacant and dormant for more [&hellip
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City Starts Process To Develop Prime Piazza d’Italia Location

May 14, 2015 • Central Business District, Development, Hotel & Hospitality, Public Development • 7723

Fresh off the heels of inking the deal to redevelop the World Trade Center site, the City is now seeking proposals to redevelop the site located at 542 Tchoupitoulas Street and 545 South Peters Street, parking lots known around town as the Piazza d’Italia site. The lot at 542 Tchoupitoulas Street is a 150-space surface parking lot [&hellip
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HRI Properties Did $171.1 Million in Revenue in 2014, Reports Website

May 13, 2015 • News • 5518

HRI Properties brought in $171 million in revenue in 2014, and has seen three year growth of 75%, according to New Orleans CityBusiness. You can read the full article here. HRI is a full service real estate firm that develops residential, hotel, and commercial properties nation-wide. Their recent deals in New Orleans include a recently opened [&hellip
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36 Unit Magazine Street Mixed-Use Development Moves Forward

May 13, 2015 • Development, Lower Garden District, Magazine Street, Multi Family • 5903

Developer and real estate investor Tom Winingder’s plan to build a mixed-use building in the lower garden district was unanimously approved by the City Planning Commission Tuesday, May 12, 2015. The development will feature 36 residential units, 4,100 square feet of retail space and 54 parking spaces for a total of 52,000 square feet. The vacant [&hellip
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