Canal Street Beat | New Orleans Real Estate News

Chalmette Mall Acquired in $13M Deal

April 22, 2015 • Acquisitions, Retail • 5358

Real estate investment group Chalmette Management, LP has acquired”The Mall” shopping center in Chalmette located at 8700 West Judge Perez Dr for $13,000,000 according to our friends at Biz New Orleans. The Mall has three separate buildings totaling roughly 135,000 rentable square feet and 673 parking spots. The property generates a net operating income of $1,223,800 according to [&hellip
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WWII Museum Gets $3MM Pedestrian Walkway Over Street

April 20, 2015 • News • 5917

The pedestrian bridge to connect the two parts of the National World War II Museum announced back in 2013 has finally moved forward, with crews beginning the installation over the weekend. A $2 million building permit was filed with the the city back in 2013, with Voorhees Architecture of New York and Mathes Brierre Architects of New [&hellip
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Baker’s Row Condos At Hubig’s Pie Marigny Site Move Forward

April 17, 2015 • News • 7783

We broke the news 6 weeks ago that development group MK Red plans to turn the former Hubig’s Pie site into 8 condos. This week the City Planning Commission officially approved a conditional use request for the $3.2 million development at 2413-2417 Dauphine St. You can check out the latest renderings and designs for the project here. Developers [&hellip
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These Students Just Won $50,000 For Their Mid-City Redevelopment Plan

April 16, 2015 • Mid-City, Zoning and Land Use • 4644

The University of Maryland team has taken top honors in the Urban Land Institute’s 2015 Hines Competition with its winning plan to transform the Tulane/Gravier and Iberville neighborhoods into a thriving urban neighborhood. The Maryland team beat out two teams from Harvard and a joint team representing the University of Wisconsin–Milwaukee and the University of Wisconsin–Madison. As the [&hellip
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Brand New Blaze Pizza Opening and Offering Free Pizzas on Friday

April 15, 2015 • Central Business District, Commercial, Food & Beverage • 7335

Blaze Pizza is opening its first Louisiana location in the Paramount at South Market District. The team, along with city councilmembers and Executive Chef Bradford Kent, will celebrate at a ribbon cutting ceremony tomorrow, April 16 at 10:15 am. The restaurant will officially open at 10:30 am to the public. “We’re excited to introduce Blaze [&hellip
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Prices and Demand For Downtown Living Continue To Rise

April 15, 2015 • Central Business District, Condos, Mid-City, Warehouse District • 4938

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 • 12511

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 • 6230

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 • 5449

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 • 7355

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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