Canal Street Beat | New Orleans Real Estate News

Ace Hotel Finally Confirms It Will Open in Warehouse District

August 5, 2015 • Development, Hotel & Hospitality • 6815

The Ace Hotel has finally confirmed what we all knew for over a year – they will be opening a new location in the warehouse district in 2016 at 600 Carondelet St. The hotel is part of the larger South Market District development by the Domain Companies, who purchased the art-deco property in 2013 for $5.5 [&hellip
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ULI To Hold Seminar On Financing Mixed-Use Developments in NOLA

August 5, 2015 • Conference • 5608

The Louisiana chapter of the Urban Land Institute (ULI) is having another great conference tomorrow on financing smart growth. The sessions will focus on the growing trend in American real estate of walkable, mixed -use communities with green infrastructure and multi-modal transportation options. The event will provide a comprehensive overview of different funding sources and [&hellip
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Canal Street Hotel Trades for $4.8 Million

August 3, 2015 • Acquisitions, Hotel & Hospitality • 7702

Hotelier Michael Valentino has purchased the former Days Inn hotel at 1630 Canal Street for $4.8 million, reports nola.com. The hotel has been shuttered since Katrina, and has been listed for over $7 million for years. Valentino told nola.com his plans for the hotel include a full renovation and repositioning of the hotel under a [&hellip
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Massive Port Marigny Development To Include Hotel, Marina, Retail, and Housing

July 31, 2015 • Development, Northshore • 6493

Drs. Michael and Marcus Pittman have proposed developing an abandoned 78 acre concrete plant on Mandeville’s waterfront into a major mixed-use development called Port Marigny. THe project would include 429 housing units, 192 apartments, 28 condominiums and about 100 large home sites. The development will also feature 60,000 square feet of commercial space, a 150-slip marina, [&hellip
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Higherpower Cycle | Yoga Coming To South Market District

July 30, 2015 • Retail, Warehouse District • 5685

The South Market District has announced that higherpower Cycle | Yoga will open next year at the Beacon, the third building in the development that’s currently under construction. higherpower is a state-of-the-art studio with a spectrum of classes to fulfill many fitness needs, from cycling to yoga to training. They already have a studio in Mid-City. [&hellip
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Kailas Plans 211 Unit, 8 Story Mixed-Use Development at Site of Former Sarah Mayo Hospital

July 28, 2015 • Development, Lower Garden District, Multi Family • 9300

The long vacant Sara Mayo Hospital at 625 Jackson Avenue has been purchased, and is slated to be converted into a 211-unit, eight story apartment complex with commercial, restaurants, and offices, reports our friends at the Uptown Messenger. The Kailas Company bought the shuttered property from a lender in 2014. The building had been vacant since the 1980’s. [&hellip
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Grass Plans Seven-Building, 48,000 Square Foot Retail Development in Kenner

July 27, 2015 • Development, Kenner, News, Retail • 10731

The Kenner City Council last Thursday (July 23) approved a seven-building, 48,000-square-foot commercial development at the intersection of Williams Boulevard and Joe Yenni Boulevard. Planet Fitness is the anchor tenant and will take up to 24,000 square feet. Developer Jody Grass is behind the development. Grass is the owner of construction firm Allied Building Co. Grass has been [&hellip
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NFL-backed 100,000 Square Foot Assisted Living Center Coming To Kenner

July 24, 2015 • Development, Healthcare, Kenner • 5696

On Thursday (July 23, 2015), the Kenner city council approved a proposal by developer Validus Senior Living to build a 104,000-square-foot assisted living facility for 160 residents at the corner of Loyola and Vintage. The facility will feature a memory-care clinic, a dog park, a swimming pool, a golf putting green, a walking path, ponds and a fishing [&hellip
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Tiny House Craze Hits New Orleans

July 23, 2015 • Development, Lower Garden District, Residential • 5209

Tiny Homes have been sweeping the nation, and it looks like the trend is finally taking room in New Orleans. A home in the 3100 block of St. Thomas street thats just under 1000 square feet just broke ground. The Irish Channel house is only 9 and a half feet wide, and packs in a [&hellip
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Cummings Plans New 220 Apartment & Mixed-Use Development In Bywater

July 22, 2015 • Bywater, Development, Multi Family • 8195

Developer Sean Cummings has new plans to develop luxury Bywater condos on Press Street, reports WDSU. The plan calls for residences, artist studios, an urban farm, and retail space. In total, it will feature the conversion of two giant warehouses into 220 apartments, 1 – 3 bedrooms, lofts to townhouses and both market rate and “affordable” that [&hellip
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