Canal Street Beat | New Orleans Real Estate News

New Le Meridien Hotel Opens on Poydras Street

December 19, 2014 • Central Business District, Hotel & Hospitality • 6044

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 • 6614

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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City Council Denies Demolition Request On Tchoupitoulas

December 17, 2014 • Uptown, Zoning and Land Use • 4561

Photo via Google Maps The Uptown Messenger reports that the New Orleans City Council has denied a business owner’s request to demolish three homes in front of Uptown Car Wash in the 5500 block of Tchoupitoulas. This is Uptown Car Wash’s second request to demo the three homes, located at 5514-16, 5518-20 and 5522-24 Tchoupitoulas. The first attempt [&hellip
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These Are the 5 Finalists to Redevelop the World Trade Center

December 16, 2014 • Central Business District, Public Development • 5272

The selection committee created by the city to evaluate development proposals for the vacant World Trade Center has narrowed down the search for developers from 11 to 5. The remaining groups have now been requested to submit a more detailed plan, including financing, for their respective proposals. The five selected developers, in the order in which [&hellip
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Bruno Acquires 336 Unit, 16 Acre Oakmont Apartments

December 16, 2014 • Acquisitions, Multi Family, West Bank • 8827

New Orleans-based Bruno, Inc. has acquired the 336 unit Oakmont Apartments on the Westbank. Joshua Bruno, President/CEO of Bruno, Inc., partnered with Raj Pandit, managing member of Pandit Law Firm, LLC to buy the property. The two recently purchased Oakmont Apartments from a Chicago-based real estate investment trust with an eye toward its future potential. According to city [&hellip
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American Can Gets Retail Upgrade

December 15, 2014 • Mid-City, Retail • 5935

In 2013, the 268-unit American Can Company Apartments sold for $30.8 million. Back in August, the new owner, Audubon Communities Management, actually filed plans for the new facelift (check out the pics). Now, we know a little bit more about the design upgrade to the retail portion of the building, thanks to some info from the [&hellip
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Luxury Apartment Renovation at 516 Natchez is Complete, Almost Fully Leased [PICS]

December 12, 2014 • Central Business District, Historic, Multi Family • 7159

New Orleans-based Felicity Property Co. is currently leasing units in the brand new, fully renovated Greek Revival Building in the heart of downtown at 516 Natchez Street. The developer, Patrick Schindler, who is also President of Felicity Property, received historic tax credits for the renovation and kept maybe of the building’s original features while adding [&hellip
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City Names Panel To Pick World Trade Center Developer

December 11, 2014 • News • 4682

New Orleans City Hall has announced the group that will evaluate and rank proposals to redevelop the World Trade Center. The panel of five is made up of: Cindy Connick, executive director of the Canal Street Development Corporation Andy Kopplin, the city’s CAO Bill Gilchrist, the Mayor’s director of “place-based planning” Bob Rivers, executive director of the [&hellip
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Mixed Use Renovation Planned for 217- 225 Chartres Street

December 10, 2014 • Development, French Quarter, Historic, Multi Family, Renovation, Residential, Retail • 9230

Plans were submitted to the city this week for the renovation of two buildings at 217 and 225 Chartres Street. Many people will recognize these buildings as the former French Quarter home of Hurwitz Mintz. Description of the renovation according to the permits filed with the city: “Renovation of existing, vacant, 5 and 3 [&hellip
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New French Quarter Hotel Gets Planning Commission Approval

December 10, 2014 • French Quarter, Hotel & Hospitality • 6926

Today, the City Planning Commission voted to allow the Ducote brothers to move forward with their plans to develop a vacant building into the a hotel, the first in the French Quarter in decades. David and Wayne Ducote, the developers in charge of this project, want to redevelop the seven story building located at 111 Iberville [&hellip
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