Canal Street Beat | New Orleans Real Estate News

New Taxing District for $50 million Hotel Complex Proposed

February 20, 2015 • Development, Hotel & Hospitality, Public Finance • 4421

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 • 9386

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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Destroy and Rebuild: Gawker Interviews Kabacoff On Gentrification and Development in NOLA

February 18, 2015 • Development, News • 6061

Gawker recently published a great interview with HRI Properties founder Pres Kabacoff. Our friends at Gambit were the first to spot Gawker’s interview, which deals with gentrification, housing, and major development projects throughout NOLA. Some highlights from the article: Total Reach: HRI has developed some “9,000 or 10,000 units in the center city—the warehouse district, [&hellip
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Pontchartrain Hotel Renovation Moves Forward, Will Feature Rooftop Bar

February 13, 2015 • Construction, Hotel & Hospitality • 5297

Last month, the new owners of The Pontchartrain Hotel on St. Charles Avenue filed plans with the city to renovate the hotel. The plans called for a revival of the hotel’s entertainments spaces as well as upgrade the guest rooms. Minor modifications to the exterior are planned as well. The hotel is probably best known for the [&hellip
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IberiaBank To Open Branch On O.C. Haley (Renderings)

February 12, 2015 • News • 6718

It looks like IberiaBank will be opening a new branch on O.C. Haley Blvd, according to records filed with the city. A building permit was filed by A-1 Signs, Inc. of Metairie to build a $10,000 sign for IberiaBank at 1409 Oretha Castle Haley Blvd. The signage would include the installation of one set of illuminated channel [&hellip
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26 Story Royal Cosmopolitan Hotel Planned For French Quarter

February 12, 2015 • News • 8046

Developer Angelo Farrell has been trying to redevelop a building in the 100 block of Royal built in 1892 into a 26 story hotel for almost 10 years. After scratching plans for the development in 2007, Farrell has now revived the hotel plans. According to nola.com, Farrell and a architect Hank Smith unveiled the project to French Quarter [&hellip
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Ghost Condos Haunt NOLA – Are They Ruining The City?

February 11, 2015 • Condos • 7851

Our friends over at The Lens published an article that examines the trend in New Orleans (and other cities like New York), where condos are owned by out-of-towners that do not reside in the city permanently. The one development The Lens points out is Jax Brewery, where apparently only 3 out of 25 units have [&hellip
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Whitney Leases 104,000 Square Feet In UNO Tech Park

February 10, 2015 • Finance & Lending, Office • 5608

The University of New Orleans Research and Technology Foundation is leasing an entire 104,000 square foot building in their Technology Park to Whitney Bank, according to a report from our friends at Curbed. Whitney has signed on for at least a decade to take over all five floors in Information Technology Center #4. More than 300 Whitney [&hellip
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200,000 Square Foot NOPSI Building Sells for $11.6 Million

February 10, 2015 • Acquisitions, Central Business District • 10035

The old New Orleans Public Service Building (NOPSI) sold last month to a Connecticut real estate development shop for $11.6 million, according to land records. The NOPSI building complex was regarded by many in NOLA as one of the last major redevelopment opportunities for historic buildings in the CBD. The NOPSI complex on Baronne Street (317 [&hellip
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Get The Exclusive First Look At The Rebranded Ambassador Hotel Tomorrow (Now The Old No. 77 Hotel & Chandlery)

February 9, 2015 • Architecture & Design, Conference, Hotel & Hospitality, Warehouse District • 4826

The Urban Land Institute’s (ULI) Louisiana chapter is hosting an exclusive first look at the rebranded Ambassador Hotel into the new Old No. 77 Hotel & Chandlery on Tchoupitoulas Street. The hotel just underwent a $14 million renovation. The new owners – GB Lodging LLC and Provenance Hotels – bought the hotel at Tchoupitoulas and Lafayette streets in 2013 from hotelier [&hellip
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