Canal Street Beat | New Orleans Real Estate News

Check out “Funnel Tunnel” a Large New Sculpture Coming To Poydras Street

January 27, 2015 • Architecture & Design, BioDistrict, Central Business District, Parks & Public Spaces • 14438

Sculpture for New Orleans applied with the city’s Design Advisory Committee earlier this month to install a rather large and unique sculpture called “Funnel Tunnel”. The sculpture is approximately 180 feet long and is composed of lots of reclaimed parts. “Sculpture for New Orleans” is an on-going sculpture exhibition placing monumental sculptures throughout New Orleans, [&hellip
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Langenstein’s Third Location To Anchor Redeveloped River Ridge Shopping Center

January 27, 2015 • Development, Jefferson Parish, Retail • 8072

Langenstein’s will open its third grocery store location in the New Orleans area as the anchor of a newly redeveloped shopping center inRiver Ridge at 122 Sauve Road. Dorsey Development is the owner of the 47,000 square foot property, which will be called the Langenstein Center. Construction starts this month, with Langenstein’s taking up toughly [&hellip
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Blackstone Group Purchases 3 Hampton Inn Hotels for $75 Million

January 27, 2015 • Acquisitions, Central Business District, Garden District, Hotel & Hospitality • 7104

The Blackstone Group, the New York based investor that’s been on a tear in real estate over the last few years, has closed on a purchase of 3 Hampton Inn properties and a 6-story parking garage for more than $75 million. According to property records, the buyers purchased: The 288-room Hampton Inn & Suites Convention [&hellip
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First Look at the Vaucresson Mixed Use Development at 1720 St Bernard Avenue

January 26, 2015 • Community Development, Historic, Multi Family, Renovation, Residential, Retail • 8578

Development plans were filed with the city recently for the Vaucresson Mixed Use Development project at 1720 St Bernard Avenue and 1800-1812 Onzaga Street. The mixed use development will contain 11,000 sqft of retail; a 2,800 sqft location for Vaucresson; and 61 residential units. Heres what the site looks like today: For [&hellip
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$35 Million Cambria Suites Hotel Development Moves Forward in CBD

January 26, 2015 • Architecture & Design, Hotel & Hospitality, Warehouse District, Zoning and Land Use • 6112

Plans Last week, the Historic District Landmarks Commission granted design approval for the seven-story, 162-room Cambria Suites hotel on an L-shaped surface parking lot at 632 Tchoupitoulas St. in the warehouse district. Filmore Hospitality has proposed the 108,000 hotel development that would take the place of a surface parking lot and small building. The hotel would [&hellip
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Today’s Development Agenda: New Broad Street Theater & American Can Renovations

January 22, 2015 • News • 4657

The Mid-City Messenger reports that the two biggest real estate items on today’s City Council agenda are the new Broad Street movie theater and the renovations to the American Can apartment complex in Mid-City. Both projects are scheduled for an approve/reject vote by the council. The Broad Street movie theater is a 4 screen theatre [&hellip
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Faubourg Lafitte Development Moves Forward; $15 Million Construction Starts

January 21, 2015 • Development, Public Development, Public Finance • 6961

The third phase of the Faubourg Lafitte housing project redevelopment looks like its finally picking up speed, with the filing of a $15 million building permit with the city. This phase will feature a new 100,000-square-foot apartment complex for low-income senior citizens at 700 N. Galvez St., and is part of the larger redevelopment of the Lafitte Projects [&hellip
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How Will The New Zoning Ordinance Will Impact Music and Culture in NOLA?

January 21, 2015 • Conference, Zoning and Land Use • 3521

Our friends over at the Music and Culture Coalition of New Orleans are holding a meeting today to discuss how the Comprehensive Zoning Ordinance has–and will–impact music and cultural traditions in New Orleans, and discuss what changes still need to be made to ensure we finally have a zoning ordinance that encourages and supports our culture, rather [&hellip
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Curious About the State of Real Estate Finance in NOLA? Here’s The Chance To Hear From Heavy Hitters

January 20, 2015 • News • 4387

The New Orleans chapter of Commercial Real Estate Women (CREW) has hosted some great events over the last year, including a behind-the-scenes tour of the Hibernia Tower development, an inside look at the future of the Bywater, and a primer on Tax Credit finance. CREW is back at it again next week with en event on [&hellip
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Granaio Lofts Is Back, Developer Seeking High End Restaurant Tenant

January 19, 2015 • Central Business District, Development, Food & Beverage • 9674

Developer Josh Bruno is back again, working on a new proposal for his $20 million Granaio Lofts Project in the Warehouse District that was shot down by the City Council last year. Bruno is seeking a high end restaurant and bar to go into a 6,500 square foot retail space at the bottom of the [&hellip
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