Canal Street Beat | New Orleans Real Estate News

Kailas Plans 211 Unit, 8 Story Mixed-Use Development at Site of Former Sarah Mayo Hospital

July 28, 2015 • Development, Lower Garden District, Multi Family • 9005

The long vacant Sara Mayo Hospital at 625 Jackson Avenue has been purchased, and is slated to be converted into a 211-unit, eight story apartment complex with commercial, restaurants, and offices, reports our friends at the Uptown Messenger. The Kailas Company bought the shuttered property from a lender in 2014. The building had been vacant since the 1980’s. [&hellip
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Grass Plans Seven-Building, 48,000 Square Foot Retail Development in Kenner

July 27, 2015 • Development, Kenner, News, Retail • 10509

The Kenner City Council last Thursday (July 23) approved a seven-building, 48,000-square-foot commercial development at the intersection of Williams Boulevard and Joe Yenni Boulevard. Planet Fitness is the anchor tenant and will take up to 24,000 square feet. Developer Jody Grass is behind the development. Grass is the owner of construction firm Allied Building Co. Grass has been [&hellip
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NFL-backed 100,000 Square Foot Assisted Living Center Coming To Kenner

July 24, 2015 • Development, Healthcare, Kenner • 5500

On Thursday (July 23, 2015), the Kenner city council approved a proposal by developer Validus Senior Living to build a 104,000-square-foot assisted living facility for 160 residents at the corner of Loyola and Vintage. The facility will feature a memory-care clinic, a dog park, a swimming pool, a golf putting green, a walking path, ponds and a fishing [&hellip
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Tiny House Craze Hits New Orleans

July 23, 2015 • Development, Lower Garden District, Residential • 5031

Tiny Homes have been sweeping the nation, and it looks like the trend is finally taking room in New Orleans. A home in the 3100 block of St. Thomas street thats just under 1000 square feet just broke ground. The Irish Channel house is only 9 and a half feet wide, and packs in a [&hellip
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Cummings Plans New 220 Apartment & Mixed-Use Development In Bywater

July 22, 2015 • Bywater, Development, Multi Family • 7938

Developer Sean Cummings has new plans to develop luxury Bywater condos on Press Street, reports WDSU. The plan calls for residences, artist studios, an urban farm, and retail space. In total, it will feature the conversion of two giant warehouses into 220 apartments, 1 – 3 bedrooms, lofts to townhouses and both market rate and “affordable” that [&hellip
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Market Street Power Plant Headed For Public Auction

July 20, 2015 • Acquisitions, Sports & Specialty • 5439

The Market Street power plant is going to be auctioned off publicly after a bankruptcy case was dismissed, reports nola.com. Developer Joe Jaeger is the primary creditor on the property. Jaeger lent the property owners over $14 million to redevelop the property, and is now seeking to foreclose on it to recover his money. Development group Market Street [&hellip
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New Bed and Breakfast Coming To Irish Channel?

July 17, 2015 • Hotel & Hospitality, Lower Garden District, Zoning and Land Use • 4358

Rendering by Stephen “Spike” Perkins. (via City of New Orleans)The Uptown Messenger reports that the City Planning Commission gave an initial thumbs up to a newly proposed Irish Channel bed and breakfast on Laurel Street. The site would be located at 3100 Laurel Street and 830-842 Eighth Street, and currently has two buildings on three lots. [&hellip
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Proposed Virgin Hotel Gets A ‘No’ From Planning Commission

July 16, 2015 • Development, Hotel & Hospitality, Zoning and Land Use • 5141

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 • 4796

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 • 5024

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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