Canal Street Beat | New Orleans Real Estate News

Charity Hospital Building Back on The Block

March 30, 2016 • Central Business District, Public Development • 7151

After recently killing the latest effort to redevelop Charity Hospital, word on the street is that the Louisiana Division of Administration’s Office of Facility Planning and Control will be coming out with a Request For Information this summer to eventually hire a consultant to guide the process of redevelopment on behalf of the state. The art-deco structure [&hellip
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Tipitina’s South Shore Harbor Reveals New Plans With Amphitheater & Open-Air Market

March 29, 2016 • Lakeview/Lakefront, New Orleans East, Sports & Specialty • 9483

Developer and Tipitina’s owner RolandRoland von Kurnatowski has revealed the newest plans for his huge lakefront development, Tipitina’s South Shore Harbor Marina. Last year, Kurnatowski signed a deal to lease and redevelop the vacant South Shore Harbor marina in New Orleans East from the Orleans Parish Non-Flood Protection Asset Management Authority. The deal requires that he spend at least $12 [&hellip
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City Approves Redevelopment Of Mid-City Church Into Residential Apartments

March 28, 2016 • Development, Mid-City, Multi Family, Residential, Zoning and Land Use • 5431

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 • 10048

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 • 7414

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 • 4584

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 • 6029

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 • 8741

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 • 6339

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 • 9766

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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