Canal Street Beat | New Orleans Real Estate News

$120 Million High-Rise Hotel at Canal and Tchoupitoulas Back In Action

January 13, 2015 • Architecture & Design, Central Business District, Development, Hotel & Hospitality, Zoning and Land Use • 13720

A developer’s plan to build a 21 story, $120 million hotel at the foot of Canal Street is back on the block after getting denied by the City to demolish 4 buildings on the site. The proposal was recently revived after seven months by City Councilwoman LaToya Cantrell, whose district includes the site. The original plan called [&hellip
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Crescent Rice Mill Building To Become New French Quarter Condos

January 12, 2015 • Condos, French Quarter • 5031

Developers Lori and Matt Mitchell have purchased the old Crescent Rice Mill Building with plans to turn it into high priced condos, Curbed reports. The Mitchell’s told Curbed that the property will feature “super high end” condos, priced between $700k to $2.5MM. The building is approximately 36,000 square feet. The Crescent Rice Mill Condos will include five rooftop penthouses, [&hellip
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Latter & Blum Continues Acquisition Spree, Buys Lake Charles Firm

January 9, 2015 • Acquisitions, News • 6421

Latter & Blum Inc. has acquired commercial real estate firm NAI Lake Charles, continuing the New Orleans-based company’s expansion with recent deals in Houma and Lake Charles. “The addition of our Lake Charles commercial firm will provide our Baton Rouge agents with more residential and commercial referral opportunities, while effectively addressing the need to maintain a [&hellip
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Investor Acquires Metairie Hotel for $11.9 Million; Rebrands As Wyndham Garden

January 9, 2015 • Acquisitions, Hotel & Hospitality • 6172

OM Capital NOLA LLC acquired the 220-room Four Points Sheraton hotel last month at the corner of Veterans Memorial Boulevard and Interstate 10 in Metairie for $11.9 million, according to a report by Nola.com. That puts the acquisition cost at slightly over $54,000 per key. The new owners re-flagged the property as to a Wyndham Garden. The [&hellip
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Whole Foods To Open Mandeville Location

January 8, 2015 • Northshore, Retail • 6180

Whole Foods Market has announced that they will open a store at the Premier Centre in Mandeville, a 273,000-square-foot shopping center near the intersection of U.S. Highway 190 and North Causeway Boulevard. The approximately 40,000-square-foot Whole Foods Market store, the first for Northshore of New Orleans, will offer customers a large selection of natural and [&hellip
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Developer Acquires Oil & Gas Bldg. For Hotel Conversion

January 7, 2015 • Acquisitions, Central Business District, Hotel & Hospitality • 8739

Maryland-based Baywood Hotels has acquired the old 14-story office building at 1100 Tulane Ave. for $7 million on Dec. 11, according to Orleans Parish conveyance records. Baywood purchased the vacant building from Renaissance Neighborhood Development Corp., an affiliate of Volunteers of America. RNDC had purchased the building in 2013 for $2.3 million with plans to convert it into mixed-income [&hellip
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Mixed-Use Building w/Massive 40,000 SF Dave & Buster’s Planned for 1200 Poydras.

January 5, 2015 • Central Business District, Development, Food & Beverage, Retail • 51184

Plans were filed with the city in the past month for a massive multi-use structure at the corner of Loyola Ave and Poydras Street. The first floor will contain large amounts of retail, floors 2-5 will contain parking and the sixth floor will house a 40,000 square foot Dave & Busters. Another interesting design feature of [&hellip
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New Boutique Hotel Planned for 700 Frenchmen Street

January 5, 2015 • Food & Beverage, Hotel & Hospitality, Marigny, Renovation • 34201

Plans were filed with the city last month to convert the property at 700 Frenchmen Street into a 19 room boutique hotel. A small bar and restaurant is planned for the first floor, while the courtyard area will be renovated to include a pool and landscaping. Proposed site plan and floor plans below. The owner of 700 Frenchmen [&hellip
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Plans & Renderings for the New St James Cheese Company!

January 4, 2015 • Architecture & Design, Commercial, Food & Beverage, Renovation, Warehouse District • 7496

St James Cheese Company announced plans last year to open a second location at 637 Tchoupitoulas Street. The new location is expected to open sometime in the spring and will join Revelator Coffee Co on the bottom floor of this building. Attached below are plans that were filed with the city last month: &nbsp
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Bruno Acquires Two Shopping Centers in Algiers, Plans To Redevelop

January 2, 2015 • Acquisitions, Retail, West Bank • 9000

Developer Josh Bruno has acquired two more shopping centers and mixed-use buildings on Algiers at 3321 General de Gaulle Dr. Bruno has been on a tear lately, having just acquired the 16 acre, 336 unit Oakmont Apartments last month. Bruno’s acquisition of Galridge Center I and Galridge Center II include a mixed use office and shopping center, [&hellip
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