Canal Street Beat | New Orleans Real Estate News

New Development Spurring CBD Renaissance [Video]

February 25, 2015 • Central Business District, Development • 7773

The long vacant Oil & Gas building sold in December for $7 million. The developer plans a new hotel. The abandoned Rault Center building at 1111 Gravier St. recently sold for $5.5 million and the developer plans a new 185-key boutique hotel. The NOPSI building sold for $11.6 million, also slated for a hotel. In an [&hellip
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New Shopping Center Planned For Old Home Depot At 500 N. Carrollton (We’ve Got Plans!)

February 25, 2015 • Commercial, Development, Mid-City, Retail • 61199

Check out the site plan for the redevelopment of 500 North Carrollton. This parcel most recently housed a Home Depot. The whole parcel is to be demolished and rebuilt as a shopping center as shown in the plans below. Confirmed tenants so far are CVS, TMobile and Petco. The developers are The Rouses Land Company, [&hellip
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Apartment Addition Planned for 320 N. Carrollton Ave

February 24, 2015 • Commercial, Development, Mid-City, Multi Family, Office, Renovation • 11793

Plans were filed with the city this week to add one floor of apartments to an existing office building at 320 North Carrollton Avenue. Permit description filed with the city: Construct 3rd story (7 rental apartments and support spaces) on an existing office building (13,500 sf) and renovation of existing per plans and CPC [&hellip
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Abandoned Mid-City Warehouse To Become Brewery

February 24, 2015 • Development • 10949

A vacant and abandoned old industrial laundry facility on the Lafitte Greenway is scheduled to be converted into a brewery, tap room, restaurant and offices by Green Coast Enterprises and other developers. GCE Green Development LLC, which includes Green Coast and developer Ramsey Green and the environmentally has the building at 2606 St. Louis under contract. If the [&hellip
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Hotel Planned For Vacant Rault Center; Where 5 People Jumped To Their Death in 1972 Fire [VIDEO]

February 24, 2015 • Acquisitions, Hotel & Hospitality • 10667

Over four decades ago, a downtown high-rise known as the Rault Center caught on fire, forcing several trapped inside to attempt to jump to safety from 15 floors up. Most died. On November 29, 1972, flames tore through the Rault Center in downtown New Orleans. On the 15th floor was a beauty salon where five [&hellip
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The Actual Plans From the 5 World Trade Center Developers

February 23, 2015 • Central Business District, Hotel & Hospitality, Public Development • 10514

The opportunity to redevelop the World Trade Center at the foot of Canal Street has been lingering for over a decade. There’s been many failed attempts, most recently in May 2014 when the City ended negotiations with Gatehouse Capital out of Dallas. But back in August, the city put out a new RFP, and in [&hellip
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New Taxing District for $50 million Hotel Complex Proposed

February 20, 2015 • Development, Hotel & Hospitality, Public Finance • 4582

The City of Gretna has announced support for an initiative to create a special taxing district to help finance the $50 million hotel complex being developed by BN Management on vacant west bank land. The complex, which broke ground in August, will feature 3 hotels and retail on a 12-acre site in Harvey. The financing [&hellip
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Neighbors Organize To Fight Proposed $120 Million Canal Street High Rise

February 19, 2015 • Development, Hotel & Hospitality, Zoning and Land Use • 9597

The Preservation Resource Center (PRC) has organized a neighborhood participation meeting to discuss a developer’s plan to build a $120 million hotel high rise at the foot of Canal Street. The PRC’s primary contention is that the developers are seeking to raze and destroy several historic buildings to make way for the new hotels. The PRC [&hellip
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Destroy and Rebuild: Gawker Interviews Kabacoff On Gentrification and Development in NOLA

February 18, 2015 • Development, News • 6195

Gawker recently published a great interview with HRI Properties founder Pres Kabacoff. Our friends at Gambit were the first to spot Gawker’s interview, which deals with gentrification, housing, and major development projects throughout NOLA. Some highlights from the article: Total Reach: HRI has developed some “9,000 or 10,000 units in the center city—the warehouse district, [&hellip
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Pontchartrain Hotel Renovation Moves Forward, Will Feature Rooftop Bar

February 13, 2015 • Construction, Hotel & Hospitality • 5434

Last month, the new owners of The Pontchartrain Hotel on St. Charles Avenue filed plans with the city to renovate the hotel. The plans called for a revival of the hotel’s entertainments spaces as well as upgrade the guest rooms. Minor modifications to the exterior are planned as well. The hotel is probably best known for the [&hellip
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