Canal Street Beat | New Orleans Real Estate News

Cambria Hotel and Suites Plans and Renderings (632 Tchoupitoulas Street)

November 19, 2014 • Architecture & Design, Development, Food & Beverage, Hotel & Hospitality, Warehouse District, Zoning and Land Use • 13366

The Cambria Hotel and Suites proposed at 632 Tchoupitoulas Street has undergone some modifications as a result of the height waiver compromise reached with the city council. Originally, the proposal was for a 9 story and 4 story segment. Under the new scheme the entire building will be 7 stories. Heres the description of [&hellip
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Tomorrow at the Westin: Everything You Need To Know Real Estate Development In NOLA

November 18, 2014 • Conference • 3649

The Urban Land Institute (ULI) will hold its annual “What’s Really Going On?” conference in New Orleans tomorrow at the Westin Canal Place. The conference features a panel discussing all of the development trends and projects under construction and planned for the immediate future throughout the city. They also give out a really great document [&hellip
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Lula Restaurant + Distillery (Plans and Renderings)

November 14, 2014 • Development, Food & Beverage, Garden District, Renovation, Zoning and Land Use • 8083

Lula is a new restaurant and distillery planned for the Halperns Furniture store at 1532 St Charles Avenue. Its part of the overall hotel project planned for that block that we wrote about a few months ago here. The project is currently in City Planning. Check out the plans below: &nbsp
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Offices at Mid- City Market (Planned Retail Office Expansion)

November 13, 2014 • Carrollton, Commercial, Mid-City, Office, Retail • 6308

Looks like Stirling Properties is planning an office/retail expansion next to their extremely popular Mid City Market. The planned expansion will be located in an old warehouse at 4141 Bienveille Street. Stirling is in talks with the city to purchase the right of ways in front of the building ( Conti Street). More details [&hellip
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Quality Inn Downtown Sells For $9 Million ($90,000/Key)

November 13, 2014 • Acquisitions, Hotel & Hospitality • 5347

According to Orleans Parish records, the Quality Inn at 210 O’Keefe Avenue was sold for $9 million on November 4, 2014. The hotel has 100 rooms, putting the deal at $90,000/key. The hotel sits at 59,127 square feet, 10 stories, and has a leased Subway franchise on the bottom floor. It was originally constructed in 1956 as [&hellip
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Wyndham Riverfront New Orleans Rebranded As Omni After Multi-Million Dollar Renovation

November 12, 2014 • Hotel & Hospitality • 4094

Omni Hotels & Resorts has announced the rebranding of the Wyndham Riverfront New Orleans. In a partnership with Riverfront Lodging, LLC, the hotel has been reflagged today as the Omni Riverfront Hotel. The hotel features 202 guest rooms and nearly 4,000 square feet of meeting and event space, along with the newly owned Fulton St. Bistro | [&hellip
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Stirling’s Landry Continues Streak, Closes on $15 Million More

November 12, 2014 • Acquisitions, Awards & Recognition • 3615

Stirling Properties’ Beezie Landry, Senior Sales and Leasing Executive, coming off a ridiculously fantastic September where he closed $38 million in sales, had another monster month – closing three deals for $15 million. The properties were in Baton Rouge, Lake Charles, and Montgomery, all with details below. Deals closed include: CVS 9006 Greenwell Springs Rd, Baton [&hellip
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Chicago Firm Acquires Old Pontchartrain Hotel

November 11, 2014 • Acquisitions, Garden District, Hotel & Hospitality • 5900

Chicago-based AJ Capital Partners purchased the old Pontchartrain Hotel on St. Charles Avenue last week, according to an article on Nola.com. The new owners are apparently planning to renovate and rebrand the 106 key hotel into a full service hotel. Iberiabank is providing financing for the $1o million renovation. AJ Capital Partners also teamed up with Cooper Manning, and [&hellip
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Riverwalk 99% Leased, Expecting NOI of $7.8 Million

November 10, 2014 • Central Business District, Retail • 5944

The Howard Hughes Corporation, the Dallas-based company that runs the Outlet Collection at Riverwalk in downtown New Orleans, reported its earnings today. Among other business, it said some interesting notes on how the Riverwalk is performing. The Company noted that when the development opened in May 2014, it was 99.2% leased. Most importantly, the Company [&hellip
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Mid-Town Hotel Back on the Market, Reports Mid-City Messenger

November 7, 2014 • Hotel & Hospitality, Mid-City • 3508

The Mid-Town Hotel New Orleans, the run down hotel located at 3900 Tulane Avenue, is for sale again, just after it was bought a year ago by an out of state purchaser, reports Mid-City Messenger. According to the article, Arizona-based M&S Hospitality company purchased the building last October for $1.7 million. Now, they have it on the [&hellip
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