Canal Street Beat | New Orleans Real Estate News

City Approves Redevelopment Of Mid-City Church Into Residential Apartments

March 28, 2016 • Development, Mid-City, Multi Family, Residential, Zoning and Land Use • 5425

The City Planning Commission last week approved a proposal by the New Orleans Redevelopment Fund to convert a historic mid-city church into a 20 unit residential development. The project calls for the conversion of the First United Baptist Church at 131 S. Jefferson Davis Parkway into 20 residential units, with the ability to add another 4 units in [&hellip
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184-Foot Hotel Tower Proposed For Convention Center Blvd.

March 24, 2016 • Hotel & Hospitality, Warehouse District • 10030

New Orleans developers Clayton Randle of Quiwa Holdings LLC and David Hecht of Formwork Development LLC are planning a new hotel 17 story on Convention Center Blvd. The developers are renovating a 5 story vacant warehouse at 1148 South Peters Street and also plan to build a 184 foot hotel tower on the vacant lot next door facing the [&hellip
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Four Seasons World Trade Center

March 21, 2016 • Hotel & Hospitality, Legal, Public Development • 7404

The lawsuit filed by the would-be World Trade Center developers against the city is proceeding as planned, and is now scheduled for a trial in October. New Orleans Civil District Court Judge Tiffany Chase has scheduled the trial for October 24th, 2016 between Two Canal Street Investors, who accused the city from running an unfair [&hellip
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HRI Properties Secures Additional $50 million Investment

March 18, 2016 • Finance & Lending, News • 4569

HRI Properties announced yesterday that they had secured $50 million in funding from New York-based Almanac Realty Investors, just two years after Almanac committed $150 million. Almanac managing director Justin Hakimian said in a news release that the additional capital was needed given HRI’s continued growth on 16 new projects across eight states and an aim towards an IPO. [&hellip
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Former Little Korea Restaurant on S. Claiborne Becoming Furniture Store?

March 14, 2016 • Development, Retail, Zoning and Land Use • 6017

The property at the corner of S. Claiborne and Toledano may be in for a change: a new furniture store. The site is a former Taco Bell location and currently houses the Little Korea Restaurant. Applications were filed with the City on March 11, 2016 to demolish the current building and construct a new building. The demolition application [&hellip
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Cox Communications Sells HQ Building For $13,750,000

March 11, 2016 • Acquisitions, Jefferson Parish • 8727

The local headquarters for Cox Communications at 2121 Airline Drive has been sold to H.W. Kaufman Financial Group, a specialty insurance firm. The Class B, six-story, 125,000-square-foot building was purchased for $13,750,000, or roughly $110/foot. Kaufman says the building will be rebranded as the Burns & Wilcox Center. Burns & Wilcox is an insurance wholesaler and this will serve [&hellip
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Neighbors Sue To Prevent Wendell Pierce & Troy Henry’s St. Claude Avenue Demolition

March 10, 2016 • Marigny, Zoning and Land Use • 6321

Marigny residents and neighborhood organizations opposed to the demolition of an old, abandoned house at 2501 St. Claude Avenue have a filed a lawsuit to stop the demolition. The building is owned by Infinity Fuels, LLC, a company owned by businessman Troy Henry and actor Wendell Pierce. They own the gas station next door, and have sought to [&hellip
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Luxury Condo Tower “The Standard” Applies For Design Review [We’ve Got Renderings]

March 8, 2016 • Condos, Development, Warehouse District • 9751

The Domain Companies, developer of the South Market District, has filed a Design Review request with the city for the demolition of a building to make way for its Morris Adjmi-designed condo building, The Standard. The Standard will be a 15-story building with 89 condos and 24,000 square feet of retail space along Rampart and [&hellip
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96 Room Moxy Hotel on St. Charles Secures City Council Approval

March 4, 2016 • Development, Hotel & Hospitality, Zoning and Land Use • 5849

Developers of the proposed 5 story, 96 room Moxy hotel finally got their approval from the New Orleans City Council Thursday (March 3). Husband and wife Barry and Lorraine Dinvaut, along with developer Lenny Wormser, have been working for over two years to get the concept approved for the site at 744 St. Charles Avenue. They received [&hellip
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Ochsner Building New 9,000 Square Foot Emergency Room On Canal Street

March 3, 2016 • Development, Healthcare, Mid-City • 7829

Our friends at Mid-City Messenger are reporting that Ochsner Health is building a new free standing emergency room on Canal Street. The location is Oschner’s first foray in to Mid-City, and would be built at the corner of Canal Street and South Carrollton Avenue. The site currently houses a furniture store called “Sofas and Chairs” and has [&hellip
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