Canal Street Beat | New Orleans Real Estate News

Green Coast Enterprises Gets Capital Investment

June 23, 2016 • Finance & Lending, News • 5040

New Orleans developer Green Coast Enterprises has secured a $500,000 capital investment for GCE Services, their consulting arm that focuses on green development, energy efficiency and environmental sustainability for buildings. The funding comes from Elevate Energy of Chicago and New Ecology Inc. of Boston, both of whom offer services in the community-based sustainable redevelopment field. GCE Services assists [&hellip
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Goldberg’s Bagel Company Coming to Downtown NOLA!

June 22, 2016 • Central Business District, Retail • 9918

Atlanta-based Goldberg’s Bagel Company & Deli is leasing 6,500 square feet of retail space at 925 Common St. Goldberg’s will be located at the corner of Common Street and Roosevelt Way, adjacent to The Roosevelt Hotel and across from the Orpheum Theater and Moxy Hotel. The restaurant is expected to open in Winter 2016/17. The restaurant [&hellip
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200-Unit Apartment Complex to Replace Capri Motel on Tulane Avenue

June 21, 2016 • Mid-City, Multi Family • 9596

The Capri Motel’s new owners plan to replace it with a 200-unit apartment complex after they demolish it, according to our friends at Mid-City Messenger. On Monday, architect Charles Ward presented the demolition request for 2424 Tulane Avenue to the Neighborhood Conservation District Advisory Committee. At the meeting Ward told attendees that the owner planned to [&hellip
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Stirling Moves Headquarters to Pan American Life Center In Downtown NOLA

June 21, 2016 • Central Business District, Office • 4697

Stirling Properties has moved its headquarters from 615 Baronne Street to the Pan American Life Center at 601 Poydras Street in downtown New Orleans. Stirling was based 615 Baronne Street for the past 25 years. The new move opens a 6,700 square foot office on the 27th floor of the Pan American Life Center for more than 30 employees. “Stirling [&hellip
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Historic Carver Theater Hits Market For $5.5 Million

June 16, 2016 • Sports & Specialty, Tax Credits • 4987

The recently renovated Historic Carver Theater has been listed for sale for $5.5 million. The theater property, along with several other adjacent parcels, holds 925 people and spans an entire block along Orleans Avenue. The property was listed with Richard Stone and Patrick Egan at Latter & Blum. The theater originally opened in 1950 for [&hellip
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5,000 Person Amphitheater & Entertainment Complex Lakeshore Landing Secured Approval

June 14, 2016 • Lakeview/Lakefront, Sports & Specialty • 7962

The live entertainment venue on Lake Pontchartrain proposed by developer Roland Von Kurnatowski secured City Council approval last week. The complex will feature a 5,000-person outdoor theater, with restaurants, retail space, and an open air market. The site is the former Bally’s Casino dock, which has been abandoned since Hurricane Katrina. Von Kurnatowski, the owner of Tipitina’s and the [&hellip
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Stirling Closes $73 Million Loan On Fremaux Town Center In Slidell

June 13, 2016 • Finance & Lending, Retail, Slidell • 6770

Stirling Properties commercial real estate company, on behalf of Fremaux Town Center SPE, LLC, announced today that it closed a $73 million non-recourse loan on Fremaux Town Center in Slidell, Louisiana. This amount marks the largest loan ever closed by Stirling Properties in its 41-year history. Wells Fargo served as the lender on the 10-year loan. Proceeds [&hellip
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National Retailer True Religion Opens on Canal Street

June 13, 2016 • Central Business District, French Quarter, Retail • 6989

Upscale denim retailer True Religion opened its first store in Louisiana on Canal Street in Downtown New Orleans. The store is located at the corner of Canal and Bourbon Streets in the Astor Crowne Plaza. The space at 739 Canal St. was formerly occupied by a Dixie Factory Outlet store. The True Religion renovation permit filed on [&hellip
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Construction Starts On The Towering $10 Million WWII Museum Canopy of Peace

June 9, 2016 • Construction, Hotel & Hospitality, Warehouse District • 12042

The WWII Museum has broken ground on the unbelievable canopy structure announced last year. The funding comes from a component of a $20 million gift from Joy and Donald “Boysie” Bollinger, the former chairman and CEO of Bollinger Shipyards Inc. The $10 million structure will hang 150 feet above the ground, and will be 448 feet long [&hellip
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Luxury Apts. Planned For Former Mid-City School Heads Back To Planning Commission

June 8, 2016 • News • 4826

Developer Narinder Gupta is back after his plans to convert the former Sacred Heart gym and school building in the 200 block of Rendon Street into luxury apartments were shot down. Newly filed plans include a three-story, 23-unit apartment building out of the 39,500-square foot abandoned building located on 217 South Rendon Street. Plans also call [&hellip
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