Canal Street Beat | New Orleans Real Estate News

Prices and Demand For Downtown Living Continue To Rise

April 15, 2015 • Central Business District, Condos, Mid-City, Warehouse District • 4885

More and more people are moving downtown to live, and along with that increased demand, prices continue to rise. Among the many projects under way that are adding to the hosing stock include the $200 million South Market District with 600 units, the $20 million 100 Elk Place with 100 units, the luxury condos at 625 [&hellip
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Second Line Brewing to Open 12,000 Square Foot Mid-City Brewhouse This Summer

April 13, 2015 • Mid-City • 12420

Second Line Brewing is gearing up to begin brewing craft beer this summer in a 12,000 square foot Mid-City warehouse. Founder Mark Logan began his career as a polymer chemist and eventually went back to school and became a physician assistant. During a recent stint in Alaska, Logan and his wife fell in love with [&hellip
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We’ve Got the Actual Four Seasons/World Trade Center Lease With the City

April 10, 2015 • Development, Hotel & Hospitality, Public Development • 6161

The city and the developers selected for the World Trade Center Four Seasons are moving forward and negotiating the final lease for the project. Carpenter & C0. and Woodward Interests were selected as co-developers of the project in March, and the City approved the lease with them shortly thereafter. The developers have planned a $364 million, 350-room Four [&hellip
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New Orleans Redevelopment Fund Launches Second Fund For Mid-City Revitalization

April 9, 2015 • Finance & Lending, News • 5369

The New Orleans Redevelopment Fund has announced they are launching a second fund to continue projects to revitalize Mid-City and adjacent neighborhoods by purchasing blighted and underused properties primarily in the multifamily space Led by partners Cullan Maumus, Alex Hernandez,Gregory Gatto and Mike Niemtzow, the original fund was formed in 2013. Since its launch, they’ve acquired 18 properties [&hellip
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Changes To Proposed Mid-City Strip Mall At Former Home Depot Site Approved

April 8, 2015 • Development, Mid-City, Retail, Zoning and Land Use • 7289

The proposed Mid-City strip mall anchored by a CVS pharmacy at 500 N. Carrollton will now keep a portion of the old Home Depot building, according to an article by our friends at Mid-City Messenger. Originally, the Rouses Land Company proposed plans for the demolition of the entire building, which was to include tenants like CVS, TMobile and [&hellip
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Former Turnbull Bakery To be Redeveloped Into 17 Luxury Homes

April 7, 2015 • Development, Lower Garden District, Residential • 5429

Last month we brought you the plans and details of the proposed conversion of the Turnbull Bakery Plant in the lower garden district into 17 residential single family homes. Now our friends at Uptown Messenger have more details for you. According to their story, developer Nicole Weber will be transforming the former production facility for Melba [&hellip
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Warby Parker is Opening First New Orleans Frame Studio on April 11

April 6, 2015 • News • 6216

Eyeware company Warby Parker is opening its latest concept shop, the Warby Parker Frame Studio, in New Orleans on Saturday, April 11th. This will be the company’s first location in Louisiana, located at 3964 Magazine Street. Warby Parker’s primarily online ecommerce operation allowed them to keep costs low from the beginning, but they’ve recently ventured [&hellip
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Mixed-Use Development Faubourg Freret Commercial Space Now 70% Leased

April 6, 2015 • Development, Uptown • 7626

A few weeks ago we brought you the full design plans for the redevelopment of the former Frank’s Steakhouse complex at 4525 Freret, now known as Faubourg Freret. The new mixed use development will feature 13,300+ SF of ground floor retail space and 30+ apartments on upper floors. The development will include the redevelopment of historic structures as well [&hellip
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Who Wants To Redevelop Charity Hospital? State Releases RFP For Redevelopment

April 2, 2015 • Central Business District, Public Development, Public Finance • 10882

The State of Louisiana released an RFP for the redevelopment of the Art-Deco Charity Hospital in Downtown New Orleans on Wednesday. This beautiful, historic, Art-Deco building has been vacant since 2005 when it was shuttered by Hurricane Katrina. The state’s Request For Information describes the one million square foot property, refers the reader to a [&hellip
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City Approves World Trade Center Lease

April 1, 2015 • Development, Hotel & Hospitality, Public Development • 5275

The New Orleans Building Corp. on Tuesday gave its official approval for the city to sign a lease with Carpenter & Co. and Woodward Design + Build for the redevelopment of the World Trade Center into a Four Seasons Hotel & Residences. This approval confirms the city’s selection of the development team to develop the building. There [&hellip
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