Canal Street Beat | New Orleans Real Estate News

HRI Properties Did $171.1 Million in Revenue in 2014, Reports Website

May 13, 2015 • News • 5585

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 • 5961

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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Claiborne Gas Station Approved For More Retail

May 12, 2015 • Retail • 5414

The Super Discount Gas station at the corner of Toledano and South Claiborne Avenue has been approved to demolish the convenience store and rebuild a new building with more retail, reports our friends at the Uptown Messenger. The new proposed structure will feature two retail bays, one for a restaurant and another for a car mechanics shops. Uptown Messenger [&hellip
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New 122 Room Boutique Hotel Planned For Mid-City

May 11, 2015 • Development, Hotel & Hospitality, Mid-City • 7811

Developer Dr. Narinder Gupta has plans to transform a vacant five-story building across from the $2 billion Mid-City hospital complex into a new boutique. The 47,000-square-foot building has been on the market for years. The building has been vacant since Hurricane Katrina. Gupta purchased the building in 2013 for $800,000 from Iberia Bank. The above Loopnet listing indicates that [&hellip
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Baker’s Row Condos At Hubig’s Pie Site Gets City Council Approval

May 8, 2015 • Marigny • 6389

Just weeks after the City Planning Commission approved the new plans for the Baker’s Row Condos at the former Hubig’s Pie site, on Thursday May 7, the City Council approved the final redevelopment plans for the eight-unit condominium complex. The conditional use permit that allows a higher density for the development was approved by unanimous vote. The [&hellip
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Sore Losers or Do They Have A Point? Developers Who Lose World Trade Center Bid Sue City

May 7, 2015 • Central Business District, Hotel & Hospitality, Legal, News • 6929

One of the groups competing for the right to redevelop the city-owned World Trade Center has sued the city and asked the judge to scrap the process that just concluded in awarding the building to developers that will convert it to a Four Seasons. Two Canal Street Investors, made up of the Valencia Group of [&hellip
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Is Living in New Orleans Getting Too Expensive?

May 7, 2015 • Residential • 5546

The housing market was booming in 2014, and things in 2015 look like they are off to a good start. Jobs are being created, millennials are moving to town, and new businesses are opening up – all of that means demand is going up and despite big projects like the South Market District, new supply [&hellip
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Check Out ULI’s Upcoming Conference On 10 Years of Development After Katrina

May 5, 2015 • Conference • 6200

The Urban Land Institute of Louisiana (“ULI”) will be hosting a two day conference on the state of real estate development ten years after Katrina. The ULI is bringing together several groups from the region, includingULI Louisiana, ULI Memphis, ULI Nashville, and ULI Atlanta, for a 2 day conference in June. The conference will highlight the progressive [&hellip
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Construction Begins on Historic Rehab of “Permanently Affordable” Apartment Development

May 4, 2015 • Community Development, Development, Mid-City, Multi Family • 6873

Developer Alembic Community Development, in partnership with the Jane Place Neighborhood Sustainability Initiative (JPNSI) and Crescent City Community Land Trust, have announced that construction has started on 2739 Palmyra Street, a permanently affordable housing development in the Lower Mid-City neighborhood of New Orleans. Alembic, well-known throughout the community for their award-winning work on the Myrtle Banks redevelopment, served as [&hellip
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New Walgreens Development Coming to New Orleans East

April 30, 2015 • Construction, Development, New Orleans East • 9003

Plans have been filed by developer Gordon Kolb of GHK Developments for a new Walgreens development in New Orleans East. The new store will be located at 5702 Crowder Blvd and feature a drive-through pharmacy. The proposed structure will have almost 15,000 square feet, and 52 parking spaces. G.H.K. Developments, Inc. has developed almost three [&hellip
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