Canal Street Beat | New Orleans Real Estate News

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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Uptown Medical Office Building Sells for $10.5MM

December 30, 2014 • Acquisitions, Healthcare, Uptown • 5475

The medical office building at 2633 Napoleon Ave. sold on Dec. 18, 2014 for $10.5 million. The property is currently leasing space on Loopnet.com for $22.5/square foot. Current tenants include private doctor clinics, physician offices, Children’s Hospital, Dental practices, Cardiology, Dermatology, Rheumatology & Allergy, Hand & Orthopedic Surgery, Psychiatry and Physical Therapy and Sports Medicine [&hellip
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New Plans & Renderings For The Oak Street Lofts (PICS)

December 29, 2014 • Condos, Development, Uptown • 8132

Last we heard, Oak Street Lofts developer George Fowler’s request to demolish a building to make way for the new condo and gym complex was approved back in August, clearing the way for the proposed development to begin construction. It now looks like the project is well underway. Th Oak Street Loft development at 8616 Oak Street consists of [&hellip
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What New Orleans’ “Fair Market Rent” Will Be For 2015

December 24, 2014 • Multi Family • 8687

New Orleans ranks 13th among 500 counties/parishes for the amount of income that renters will pay in 2015, according to a report by real estate data service RealtyTrac, reports Nola.com. Renters in New Orleans will pay 41% of the income in rent next year, which is higher than the national average of 27 percent. The article states that [&hellip
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High Voltage Software to Open Game Development Studio in New Orleans, Leases Space Downtown

December 23, 2014 • Central Business District, Office • 5103

High Voltage Software Inc., one of the largest third-party game developers in the world, announced that they will establish a new video game development studio in Place St. Charles, with operations beginning in January. HVS will create 80 new direct jobs with salaries ranging from $50,000 to $120,000, plus benefits. HVS currently employs more than [&hellip
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New Restaurant at Magazine and Nashville Gets Approval from City Planning

December 22, 2014 • Food & Beverage, Retail, Uptown, Zoning and Land Use • 4199

Last week, the City Planning Commission blessed a plan by restauranteurs Sean Josephs and Mani Dawes to open a new restaurant on the corner of Magazine Street and Nashville Avenue, reports Uptown Messenger. The 89 seat restaurant is part of an upcoming real estate redevelopment project by Butler Callahan Holdings, the owner of the real estate. The [&hellip
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New Le Meridien Hotel Opens on Poydras Street

December 19, 2014 • Central Business District, Hotel & Hospitality • 6113

The Le Méridien Hotel on Poydras Street opened this week after a $29 million renovation. Le Meridian is a Starwood brand, replacing the W Hotel which had been at location for years. The 23-story tower at 333 Poydras St. was built in 1984, and Starwood purchased the property in 1999. The hotel has 410 renovated rooms [&hellip
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Mintz Lofts at 745 Baronne Moves Forward

December 18, 2014 • Development, Historic, Zoning and Land Use • 6700

A new development project is kicking off that will bring more residential and commercial to the warehouse district. Developer Lloyd E. Huck is converting the historic building at 745 Baronne Street with a new three story building next door into residential and commercial units. The units will include access to outdoor space on the roof or [&hellip
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City Council Denies Demolition Request On Tchoupitoulas

December 17, 2014 • Uptown, Zoning and Land Use • 4626

Photo via Google Maps The Uptown Messenger reports that the New Orleans City Council has denied a business owner’s request to demolish three homes in front of Uptown Car Wash in the 5500 block of Tchoupitoulas. This is Uptown Car Wash’s second request to demo the three homes, located at 5514-16, 5518-20 and 5522-24 Tchoupitoulas. The first attempt [&hellip
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These Are the 5 Finalists to Redevelop the World Trade Center

December 16, 2014 • Central Business District, Public Development • 5338

The selection committee created by the city to evaluate development proposals for the vacant World Trade Center has narrowed down the search for developers from 11 to 5. The remaining groups have now been requested to submit a more detailed plan, including financing, for their respective proposals. The five selected developers, in the order in which [&hellip
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