Canal Street Beat | New Orleans Real Estate News

Developer Acquires Oil & Gas Bldg. For Hotel Conversion

January 7, 2015 • Acquisitions, Central Business District, Hotel & Hospitality • 8569

Maryland-based Baywood Hotels has acquired the old 14-story office building at 1100 Tulane Ave. for $7 million on Dec. 11, according to Orleans Parish conveyance records. Baywood purchased the vacant building from Renaissance Neighborhood Development Corp., an affiliate of Volunteers of America. RNDC had purchased the building in 2013 for $2.3 million with plans to convert it into mixed-income [&hellip
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Mixed-Use Building w/Massive 40,000 SF Dave & Buster’s Planned for 1200 Poydras.

January 5, 2015 • Central Business District, Development, Food & Beverage, Retail • 50806

Plans were filed with the city in the past month for a massive multi-use structure at the corner of Loyola Ave and Poydras Street. The first floor will contain large amounts of retail, floors 2-5 will contain parking and the sixth floor will house a 40,000 square foot Dave & Busters. Another interesting design feature of [&hellip
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New Boutique Hotel Planned for 700 Frenchmen Street

January 5, 2015 • Food & Beverage, Hotel & Hospitality, Marigny, Renovation • 33739

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 • 7407

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 • 8888

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 • 5392

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 • 8049

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 • 8608

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 • 5014

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 • 4140

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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