Canal Street Beat | New Orleans Real Estate News

Construction Begins on $200 Million Covington Mixed-Use Development

September 28, 2015 • Construction, Northshore • 6406

Construction has kicked off on a brand new 92-acre mixed-use business and retail park on the North Shore in St. Tammany Parish, called the Versailles Business Park. Gulf States Real Estate Services closed on the land in June, and envision a CBD-like development that will house office, retail, residential, medical and hospitals. The development comes with an estimated [&hellip
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225 State Street Condos Rejected, & Other News From City Planning

September 25, 2015 • Zoning and Land Use • 8637

The City Planning Commission on Tuesday (Sept. 22) laid down some big decision regarding a variety of development proposals in different areas of the city, including a rejection of Jim McPhaille’s plan to build 48 luxury condominiums at 225 State Street. Among the other things that occurred at this week’s meeting: -McPhaille’s new development, dubbed [&hellip
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ULI Hosts Event On NOLA Development and the New CZO

September 23, 2015 • Conference • 6099

The Urban Land Institute (ULI) is hosting an event tonight that looks pretty damn awesome for anyone interested in real estate development. The ULI has put on some great events in the past, including one on financing mixed-use developments, and they recently dished out $50,000 as part of an urban planning competition for redeveloping Mid City. [&hellip
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Developer Proposes $8 Million, 55 Foot Condo Tower In Bywater Next To Piety Bridge

September 22, 2015 • Bywater, Condos, Development • 13704

New Orleans-based MK Red, the development group behind the Baker’s Row condos at the old Hubig Pie site, have revealed their next project: A high end, luxury condo tower on the Bywater Riverfront. The to-be-named project at 3200 Chartres Street sits on prime real estate, right next to the Piety Street bridge to Crescent Park, which [&hellip
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$45 Million Residential Community Breaks Ground On Westbank

September 21, 2015 • Construction, Development, Residential, West Bank • 7121

Westwego-based developer Peoples Community broke ground last week on the Westwood Crossing, a $45 million gated residential community in the 7000 block of Lapalco Boulevard in Marrero. Westwood Crossing is a gated community which consisted of 87 over sized lots. The homes average 1500 sq. ft. of living space and each come with a double car garage. [&hellip
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Will The Building Next To St. Roch Finally Be Renovated Into A Restaurant?

September 18, 2015 • Development, Marigny, Zoning and Land Use • 6241

Plans have been filed with the city that seek to turn the vacant building at 2401 St. Claude, next to St. Roch market, into a restaurant space. Arcadia Court, LLC, the entity that owns the building and whose members include St. Roch Market owners Will Donaldson and Barre Tanguis, filed a change of use permit with [&hellip
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Four Seasons Financing Closes; Investors Revealed (Some From Saudi Arabia!)

September 16, 2015 • Central Business District, Development, Hotel & Hospitality, Public Development • 9708

The team behind the redevelopment of the World Trade Center into a new $364 million Four Seasons hotel has closed on the financing for the hotel and has revealed its list of investors. The redevelopment plan includes a 350-key Four Seasons Hotel, 76 serviced residences, two restaurants, an urban green space on top of two newly constructed [&hellip
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MacPhaille Plans 6 Story Luxury Condo Development on State Street

September 14, 2015 • Condos, Development, Uptown • 11778

Developer Jim MacPhaile has released plans to develop the corner of Tchoupitoulas and State Street into high end luxury condos, according to emails and flyers he sent out last week asking for support. The new development, dubbed 225 State Street, would involve demolishing the “Metairie-style” old red brick buildings at State, Tchoupitoulas and Front Streets that [&hellip
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$8 Million St. Bernard Project Breaks Ground on New Headquarters

September 9, 2015 • Architecture & Design, Development, Mid-City • 7393

The St. Bernard Project (SBP) broke ground on its new headquarters, Toulouse Commercial, which will revitalize a blighted property in the heart of New Orleans. The new 25,000 square foot headquarters will include a construction training lab, which will teach construction skills to at-risk youth and veterans, a warehouse to store supplies and materials for SBP’s rebuilding efforts, and additional [&hellip
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Kenner Developer Plans Three Hotels Near Airport For $40 Million

September 8, 2015 • Development, Hotel & Hospitality, Jefferson Parish, Kenner • 8412

Real estate developer Mike Vira has plans to build three new hotels near the airport. He is asking the City of Kenner to impose new taxes to help him pay for them. According to Vira, the hotels would total $40 million and 350 keys under 3 flags. The first is a 110-key Holiday Inn, and it’s already [&hellip
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