Canal Street Beat | New Orleans Real Estate News

New Boutique Hotel Planned for 700 Frenchmen Street

January 5, 2015 • Food & Beverage, Hotel & Hospitality, Marigny, Renovation • 33327

Plans were filed with the city last month to convert the property at 700 Frenchmen Street into a 19 room boutique hotel. A small bar and restaurant is planned for the first floor, while the courtyard area will be renovated to include a pool and landscaping. Proposed site plan and floor plans below. The owner of 700 Frenchmen [&hellip
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Plans & Renderings for the New St James Cheese Company!

January 4, 2015 • Architecture & Design, Commercial, Food & Beverage, Renovation, Warehouse District • 7326

St James Cheese Company announced plans last year to open a second location at 637 Tchoupitoulas Street. The new location is expected to open sometime in the spring and will join Revelator Coffee Co on the bottom floor of this building. Attached below are plans that were filed with the city last month: &nbsp
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Bruno Acquires Two Shopping Centers in Algiers, Plans To Redevelop

January 2, 2015 • Acquisitions, Retail, West Bank • 8785

Developer Josh Bruno has acquired two more shopping centers and mixed-use buildings on Algiers at 3321 General de Gaulle Dr. Bruno has been on a tear lately, having just acquired the 16 acre, 336 unit Oakmont Apartments last month. Bruno’s acquisition of Galridge Center I and Galridge Center II include a mixed use office and shopping center, [&hellip
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Uptown Medical Office Building Sells for $10.5MM

December 30, 2014 • Acquisitions, Healthcare, Uptown • 5318

The medical office building at 2633 Napoleon Ave. sold on Dec. 18, 2014 for $10.5 million. The property is currently leasing space on Loopnet.com for $22.5/square foot. Current tenants include private doctor clinics, physician offices, Children’s Hospital, Dental practices, Cardiology, Dermatology, Rheumatology & Allergy, Hand & Orthopedic Surgery, Psychiatry and Physical Therapy and Sports Medicine [&hellip
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New Plans & Renderings For The Oak Street Lofts (PICS)

December 29, 2014 • Condos, Development, Uptown • 7957

Last we heard, Oak Street Lofts developer George Fowler’s request to demolish a building to make way for the new condo and gym complex was approved back in August, clearing the way for the proposed development to begin construction. It now looks like the project is well underway. Th Oak Street Loft development at 8616 Oak Street consists of [&hellip
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What New Orleans’ “Fair Market Rent” Will Be For 2015

December 24, 2014 • Multi Family • 8540

New Orleans ranks 13th among 500 counties/parishes for the amount of income that renters will pay in 2015, according to a report by real estate data service RealtyTrac, reports Nola.com. Renters in New Orleans will pay 41% of the income in rent next year, which is higher than the national average of 27 percent. The article states that [&hellip
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High Voltage Software to Open Game Development Studio in New Orleans, Leases Space Downtown

December 23, 2014 • Central Business District, Office • 4924

High Voltage Software Inc., one of the largest third-party game developers in the world, announced that they will establish a new video game development studio in Place St. Charles, with operations beginning in January. HVS will create 80 new direct jobs with salaries ranging from $50,000 to $120,000, plus benefits. HVS currently employs more than [&hellip
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New Restaurant at Magazine and Nashville Gets Approval from City Planning

December 22, 2014 • Food & Beverage, Retail, Uptown, Zoning and Land Use • 4073

Last week, the City Planning Commission blessed a plan by restauranteurs Sean Josephs and Mani Dawes to open a new restaurant on the corner of Magazine Street and Nashville Avenue, reports Uptown Messenger. The 89 seat restaurant is part of an upcoming real estate redevelopment project by Butler Callahan Holdings, the owner of the real estate. The [&hellip
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New Le Meridien Hotel Opens on Poydras Street

December 19, 2014 • Central Business District, Hotel & Hospitality • 5973

The Le Méridien Hotel on Poydras Street opened this week after a $29 million renovation. Le Meridian is a Starwood brand, replacing the W Hotel which had been at location for years. The 23-story tower at 333 Poydras St. was built in 1984, and Starwood purchased the property in 1999. The hotel has 410 renovated rooms [&hellip
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Mintz Lofts at 745 Baronne Moves Forward

December 18, 2014 • Development, Historic, Zoning and Land Use • 6531

A new development project is kicking off that will bring more residential and commercial to the warehouse district. Developer Lloyd E. Huck is converting the historic building at 745 Baronne Street with a new three story building next door into residential and commercial units. The units will include access to outdoor space on the roof or [&hellip
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