Canal Street Beat | New Orleans Real Estate News

100 NOLA Adjudicated Properties Up for Auction July 1

June 5, 2015 • Public Development • 4124

This city is selling off roughly 1,600 of properties it’s adjudicated over the years through an online process, and the first auction of 100+ properties go up for sale on July 1. The rules allow interested buyers to place a $650 deposit on a property, which kicks off a 90 day period for the city’s contractor [&hellip
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Old No. 77 Hotel & Chandlery Opens After $14MM Reno

June 3, 2015 • Central Business District, Hotel & Hospitality • 5613

The old Ambassador hotel, under new ownership of Provenance Hotels and GB Lodging, has officially reopened as the The Old No. 77 Hotel & Chandlery after a $14 million renovation. The owners bought the hotel at Tchoupitoulas and Lafayette streets last year from hotelier Warren Reuther. The property underwent a full renovation, including an expansion to 167 rooms, and a brand new [&hellip
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Proposed Mid-City Boutique Hotel Gets Planning Commission Approval

June 2, 2015 • News • 4049

Developer Dr. Narinder Gupta’s proposed 122 room Hotel Loren on Canal Street earned unanimous support from the City Planning Commission this week. The project now just needs final approval from the City Council to become a reality. Yesterday, the Mid-City Messenger reported that the Planning Commission approved the 47,000-square-foot development, including the addition of two new floors. Gupta purchased the [&hellip
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Faubourg Marigny Improvement Association Sues City to Prevent New Zoning Law

June 1, 2015 • Zoning and Land Use • 5750

The Faubourg Marigny Improvement Association has sued the City of New Orleans in an attempt to prevent a provision that was added at the last minute in the city’s new zoning law. Specifically, the group wants to prevent a last-minute amendment added byMayor Mitch Landrieu that would allow taller and more dense residential buildings along the [&hellip
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List of New Orleans’ Nine Most Endangered Historic Sites Released

May 29, 2015 • Architecture & Design, News • 8961

The Louisiana Landmarks Society on Thursday (May 28) released the 2015 New Orleans Nine, which is their annual list of the nine most endangered historic sites in New Orleans. The group’s goal is to make the public aware of the historic places so they can be saved, along with publicity for historic sites, advocacy for historic preservation, [&hellip
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Turnbull Bakery Redevelopment Moves Forward

May 28, 2015 • Development, Lower Garden District, Multi Family • 7476

A plan by a local developer to redevelop the old Turnbull Bakeries site in the Lower Garden District into 17 single family homes was approved by the City Planning Commission and sent to the New Orleans City Council, report our friends at the Uptown Messenger. Developer Nicole Weber will be transforming the former production facility for Melba Toast [&hellip
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NOLA Developer Josh Bruno Expands Investments Across the United States

May 27, 2015 • Acquisitions, Commercial, Development • 9101

New Orleans-based Bruno, Inc. is continuing to expand its acquisitions and development throughout the country. Company President Josh Bruno currently splits his time between New Orleans and Miami– with other members of the team in Los Angeles as well– and has major expansion plans outside both of his home base locations. Bruno, Inc. has developments [&hellip
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H&M Opens 22,000 SF Store at Oakwood Center Mall in Gretna

May 26, 2015 • Retail, West Bank • 8678

As we reported back in March, fashion retailer H&M has finally opened in Oakwood Mall in Gretna. H&M made its New Orleans debut back in 2013 in the french quarter. The new location features 22,000 square feet of space and employs 30 people. Oakwood Center is a 360,000 square foot mall owned by retail giant General [&hellip
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Loews State Palace Theater To Be Redeveloped, Asking $42 PSF For Retail

May 22, 2015 • Central Business District, Retail • 12641

The State Palace Theater is reportedly ready to be redeveloped, and the owner is asking $42 per square foot for ground floor retail space on Canal Street, according to a property listing. The 1920s Canal Street theater that’s been out of commission since Katrina was purchased last year for $3.5 million by real estate developer Gregor Fox. The proposed redevelopment offers 9,263 square [&hellip
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Joe Jaeger Expands Empire, Buys UNO’s Metairie Campus For $5.3 Million

May 21, 2015 • Acquisitions, Jefferson Parish, Office • 9171

Joe Jaeger, the real estate developer and entrepreneur, has purchased a four-story building at 3330 North Causeway Boulevard in Metairie that formerly housed University of New Orleans’ Metairie campus, reports nola.com Jaeger bought the 56,000 square foot property at an auction last month for $5.3 million, over the appraised valeu of $4.5 million. According to the article, [&hellip
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