Canal Street Beat | New Orleans Real Estate News

The Jung Hotel Revamp Revealed (Plans & Renderings Included)

February 26, 2015 • BioDistrict, Central Business District, Condos, Historic, Hotel & Hospitality, Multi Family, Renovation, Residential, Retail • 18202

The Jung Hotel, once the largest and grandest hotel in the Southern United States, is undergoing a massive transformational redevelopment. The Canal Street property will consist of residential apartments, an extended stay hotel, ground floor commercial space, and a large parking garage. Its grand opening is planned to coincide with the opening of the new [&hellip
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Open to The Public: Building Tour of New Il Mercato Development on Magazine

February 26, 2015 • Conference, Magazine Street • 6091

The Urban Land Institute of Louisiana (ULI) is holding a first-glance tour of the Il Mercado building, a re-development of a 12,000 square foot building on Magazine Street into a banquet hall and catering facility. Caterer and restauranteur Joel Dondis purchased the former open-air marketplace at 1911 Magazine St. for $2 million back in 2013. His [&hellip
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New Development Spurring CBD Renaissance [Video]

February 25, 2015 • Central Business District, Development • 7590

The long vacant Oil & Gas building sold in December for $7 million. The developer plans a new hotel. The abandoned Rault Center building at 1111 Gravier St. recently sold for $5.5 million and the developer plans a new 185-key boutique hotel. The NOPSI building sold for $11.6 million, also slated for a hotel. In an [&hellip
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New Shopping Center Planned For Old Home Depot At 500 N. Carrollton (We’ve Got Plans!)

February 25, 2015 • Commercial, Development, Mid-City, Retail • 59755

Check out the site plan for the redevelopment of 500 North Carrollton. This parcel most recently housed a Home Depot. The whole parcel is to be demolished and rebuilt as a shopping center as shown in the plans below. Confirmed tenants so far are CVS, TMobile and Petco. The developers are The Rouses Land Company, [&hellip
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Apartment Addition Planned for 320 N. Carrollton Ave

February 24, 2015 • Commercial, Development, Mid-City, Multi Family, Office, Renovation • 11489

Plans were filed with the city this week to add one floor of apartments to an existing office building at 320 North Carrollton Avenue. Permit description filed with the city: Construct 3rd story (7 rental apartments and support spaces) on an existing office building (13,500 sf) and renovation of existing per plans and CPC [&hellip
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Abandoned Mid-City Warehouse To Become Brewery

February 24, 2015 • Development • 10606

A vacant and abandoned old industrial laundry facility on the Lafitte Greenway is scheduled to be converted into a brewery, tap room, restaurant and offices by Green Coast Enterprises and other developers. GCE Green Development LLC, which includes Green Coast and developer Ramsey Green and the environmentally has the building at 2606 St. Louis under contract. If the [&hellip
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Hotel Planned For Vacant Rault Center; Where 5 People Jumped To Their Death in 1972 Fire [VIDEO]

February 24, 2015 • Acquisitions, Hotel & Hospitality • 10402

Over four decades ago, a downtown high-rise known as the Rault Center caught on fire, forcing several trapped inside to attempt to jump to safety from 15 floors up. Most died. On November 29, 1972, flames tore through the Rault Center in downtown New Orleans. On the 15th floor was a beauty salon where five [&hellip
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The Actual Plans From the 5 World Trade Center Developers

February 23, 2015 • Central Business District, Hotel & Hospitality, Public Development • 10209

The opportunity to redevelop the World Trade Center at the foot of Canal Street has been lingering for over a decade. There’s been many failed attempts, most recently in May 2014 when the City ended negotiations with Gatehouse Capital out of Dallas. But back in August, the city put out a new RFP, and in [&hellip
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New Taxing District for $50 million Hotel Complex Proposed

February 20, 2015 • Development, Hotel & Hospitality, Public Finance • 4352

The City of Gretna has announced support for an initiative to create a special taxing district to help finance the $50 million hotel complex being developed by BN Management on vacant west bank land. The complex, which broke ground in August, will feature 3 hotels and retail on a 12-acre site in Harvey. The financing [&hellip
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Neighbors Organize To Fight Proposed $120 Million Canal Street High Rise

February 19, 2015 • Development, Hotel & Hospitality, Zoning and Land Use • 9303

The Preservation Resource Center (PRC) has organized a neighborhood participation meeting to discuss a developer’s plan to build a $120 million hotel high rise at the foot of Canal Street. The PRC’s primary contention is that the developers are seeking to raze and destroy several historic buildings to make way for the new hotels. The PRC [&hellip
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