Canal Street Beat | New Orleans Real Estate News

Doubletree Hotel Acquired for $85 Million ($232,000/key)

February 4, 2015 • Acquisitions, Central Business District, Hotel & Hospitality • 7241

The Doubletree New Orleans near the foot of Canal Street has been acquired by Walton Street Capital for $85.25 million, or $232,000 per key. According to the Orleans Parish records, the deal included $72.8 million in loans from Starwood Property Mortgage. Walton Street Capital recently purchased another Double Tree Hotel, paying $70 million for the Nashville [&hellip
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Bruno Completes $20+ Million Non Recourse Refi of Five Multifamily Properties

February 4, 2015 • Finance & Lending, Multi Family, News • 10281

New Orleans Developer Josh Bruno of Bruno, Inc. has completed a refinancing of a portfolio of five multifamily properties located in New Orleans, worth “well north” of $20 million. The properties that received financing included: Washington Place Apartments (25-units), Liberty Park Apartments (10-units), Forest Park Apartments (20-units), Riverview Apartments (45-units) and Cypress Park Apartments (65-units). The [&hellip
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Gateway Mortgage Enters Louisiana, Hires Gulf Coast Bank Vet to Lead NOLA Office

February 3, 2015 • Finance & Lending, News • 730008

Gateway Mortgage Group, a privately held mortgage company offering originations, servicing and correspondent lending, has entered the Louisiana market with a new retail branch located at 4404 Saint Peters Street in New Orleans. Gateway is based in Tulsa, Oklahoma. The new office will be lead by industry veteran Judy Pelitere, who most recently served as [&hellip
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Marriott’s Moxy Hotels Coming to Downtown New Orleans (With Renderings!)

February 2, 2015 • Central Business District, Development, Hotel & Hospitality • 13420

Last week, Marriott announced in a press release that they will be bringing their Moxy Hotel flag to New Orleans. The first possible location will be at 744 St. Charles Avenue in the warehouse district. According to city records, developers are proposing an 8 story, 85 foot hotel at the location. Lenny Wormser with NAI Latter and Blum [&hellip
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4,200 Square Foot Coworking Space Opens at Myrtle Banks

February 2, 2015 • Central City, Development, News, Office • 8730

In January, Alembic Community Development opened a 4,200-square-foot co-working space on the third floor of the Myrtle Banks Building on Oretha Castle Haley Blvd., which it has redeveloped into a fresh food market and office space targeting nonprofit, social and creative entrepreneurs. Alembic’s new coworking space joins Launchpad, Beta, Propeller Icehouse, and a host of other coworking spaces [&hellip
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Pontchartrain Hotel Renovation Plans Revealed (2031 St Charles Avenue)

January 30, 2015 • Food & Beverage, Garden District, Hotel & Hospitality, Renovation • 14817

Plans were filed with the city this month for renovations to the Pontchartrain Hotel in the Garden District. The new owners, AJ Capital out of Chicago, plan to revive 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 [&hellip
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Tulane River and Coastal Center Phase I (Plans and Renderings)

January 30, 2015 • Architecture & Design, Central Business District, Uncategorized • 6671

Earlier this week plans were filed with the city for construction of the first phase of Tulane’s River and Coastal Center. Description of the project according to permit application: “New construction of a coastal and river research center for Tulane University at the Robin St Warf per plans. (classrooms, forum for conferences) ” [&hellip
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Massive New Water Park and Amphitheater Planned For Lakefront

January 30, 2015 • Development, Economic Development, New Orleans East, Sports & Specialty • 14987

The owner of Tipitina’s and his development partner on other projects have plans to develop a huge entertainment complex at the old Bally’s riverboat casino landing in New Orleans East. Tipitinas owner Roland von Kurnatowski and his partner Dr. Eric George are also the pair of developers behind the renovation and redevelopment of the Orpheum Theater, which they purchased [&hellip
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40,000 Square Foot Dave & Buster’s Gets Commission Approval

January 29, 2015 • Central Business District, Development, Zoning and Land Use • 7402

The City Planning Commission on Tuesday approved a conditional use permit for construction of the six-story building at 1200 Poydras St. that will house the 40,000 sf Dave & Busters. The building also includes 18,000 square feet of retail and a 393-space parking garage, for a total of 264,000 square feet. 200 garage spaces are reserved parking for Dave [&hellip
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EDR’s Jose Alvarez Brings Home AIA Young Architects Award

January 28, 2015 • Architecture & Design, Awards & Recognition • 7963

The American Institute of Architects (AIA) has selected 14 recipients for the 2015 AIA Young Architects Award. This award, now in its 22nd year, honors young architects – licensed 10 years or fewer regardless of their age – who have shown exceptional leadership and made significant contributions to the profession early in their careers. Our friends at [&hellip
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