Canal Street Beat | New Orleans Real Estate News

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 • 7037

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 • 5596

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 • 6258

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 • 6951

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 • 9068

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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12 More Stores Announced for Phase II of Fremaux Town Center Development

April 29, 2015 • News • 9761

Co-developers Stirling Properties and CBL & Associates Properties, Inc. officially announced twelve additional new tenants coming to Fremaux Town Center in Slidell, Louisiana. Anchored by the 128,000 square-foot Dillard’s, the second phase of this development will include approximately 285,000 square feet of additional retail space, including previously announced tenants Red Robin, Zales, Francesca’s and Aveda. Construction [&hellip
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We’ve Got Plans for the New Joie de Vivre Hotel At The Old Rault Center

April 29, 2015 • Architecture & Design, Central Business District, Development, Hotel & Hospitality, News • 10044

Led by developer Lisa Blank, Slumber Corners NOLA LLC, has plans to turn the vacant Rault Center tower at 1111 Gravier St. into a boutique hotel with the Joie de Vivre flag. The hotel will feature 185 keys, a restaurant and lounge on the ground floor, a second-floor lobby and a rooftop space. Blank purchased the building for $5.5 [&hellip
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Updated Renderings For Baker’s Row Condos At Hubig’s Pie Site [We’ve Got Pics]

April 27, 2015 • Condos, Development, Marigny • 7301

Las week, the City Planning Commission officially approved a conditional use request for the $3.2 million development at 2413-2417 Dauphine St. Development group MK Red plans to turn the former Hubig’s Pie site into 8 condos. The project will have 8 units, average 1,500 square feet each, and feature private courtyards and balconies, off street parking, a 40 foot [&hellip
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New Orleans BioInnovation Center Wins Sustainable Design and Building Performance Award

April 24, 2015 • Architecture & Design, Awards & Recognition, BioDistrict • 7025

The New Orleans BioInnovation Center (NOBIC) has been awarded by the American Institute of Architects’ (AIA) Committee on the Environment (COTE) as one of the Top Ten Green Projects this year. NOBIC is a four-story, 65,000 square foot building–designed by Eskew+Dumez+Ripple– that houses a business innovation center and biotechnology laboratories. The Top Ten Green Projects [&hellip
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ULI’s Got A New Panel: Green Leasing & The Benefits of Greening Commercial Real Estate

April 23, 2015 • Conference • 5013

The ULI’s Louisiana chapter, along with the USGBC are hosting what looks like a pretty cool panel on green leasing and the benefits of green commercial real estate on April 29, 2015. ULI is known for its great events like the tour of the new Gallier Court Apartments and the first look at the new Old [&hellip
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