Canal Street Beat | New Orleans Real Estate News

Cummings Plans New 220 Apartment & Mixed-Use Development In Bywater

July 22, 2015 • Bywater, Development, Multi Family • 8206

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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Market Street Power Plant Headed For Public Auction

July 20, 2015 • Acquisitions, Sports & Specialty • 5606

The Market Street power plant is going to be auctioned off publicly after a bankruptcy case was dismissed, reports nola.com. Developer Joe Jaeger is the primary creditor on the property. Jaeger lent the property owners over $14 million to redevelop the property, and is now seeking to foreclose on it to recover his money. Development group Market Street [&hellip
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New Bed and Breakfast Coming To Irish Channel?

July 17, 2015 • Hotel & Hospitality, Lower Garden District, Zoning and Land Use • 4534

Rendering by Stephen “Spike” Perkins. (via City of New Orleans)The Uptown Messenger reports that the City Planning Commission gave an initial thumbs up to a newly proposed Irish Channel bed and breakfast on Laurel Street. The site would be located at 3100 Laurel Street and 830-842 Eighth Street, and currently has two buildings on three lots. [&hellip
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Proposed Virgin Hotel Gets A ‘No’ From Planning Commission

July 16, 2015 • Development, Hotel & Hospitality, Zoning and Land Use • 5344

The developers of a proposed Virgin Hotel received a “No” vote from the City Planning Commission this week over height concerns. Plans called for a 14 story Virgin Hotel on a parking lot at 550 Baronne St. n the CBD. Developers Gatehouse Capital and David Garcia are behind the new 125,000 square-foot hotel that would feature [&hellip
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$24 Million Mid-City Rehab Facility Finally Breaks Ground

July 14, 2015 • Development, Healthcare, Mid-City • 4998

Cobalt Medical Development, the Dallas-based private healthcare real estate development and investment company, announced in May 2014 that it would be breaking ground on a new healthcare rehabilitation facility in Mid City next to the former Lindy Boggs Medical Center. Finally, over a year later, the company announced that they have finally broken ground on what will become a state-of-the-art [&hellip
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Billions In Investment Since 2006: Downtown Development Gone Wild!

July 13, 2015 • Central Business District, Conference, Development, Economic Development, News • 5210

The New Orleans chapter of Commercial Real Estate Women (CREW) has hosted some great events over the last year, including a behind-the-scenes tour of the Hibernia Tower development, an inside look at the future of the Bywater and in real estate financing in NOLA, and a primer on Tax Credit finance. CREW’s latest summer luncheon focuses on [&hellip
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Luxury Condos Planned for Warehouse District Site

July 10, 2015 • Condos, Development, Warehouse District • 7775

A developer from Texas has submitted plans to the City for the construction of a condo project at the corner of O’Keefe Avenue and Julia Street. If approved by the Historic Districts Landmark Commission’s Architectural Review Committee in its current form, the building will be 5 stories (70 ft. tall) and 41,000 sq. ft. The condo [&hellip
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Domain Announces 15-Story Luxury Condo Building “The Standard” Coming to Downtown

July 9, 2015 • Architecture & Design, Condos, Development, Warehouse District • 7902

Local developers of the South Market District, located within the Central Business District, recently announced they plan to add a fourth building to their downtown development. The construction will include 24,000 square feet of ground floor retail space with 89 upper level condominiums, which will be known as “The Standard”. The Standard will include a [&hellip
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Trader Joe’s Opening in Metairie At Largest Undeveloped Lot on Veterans

July 8, 2015 • Jefferson Parish, Retail • 4835

Trader Joe’s will be opening a new location in Metairie that will open in 2016, which is the second Trader Joe’s in Louisiana and the first in the New Orleans area. The Los Angeles-based grocery store company announced that the store will open a 10,200 square foot store in 2016 at the corner of Veterans and N. [&hellip
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Walking Path and Bike Lanes Coming to New Napoleon Avenue

July 7, 2015 • Construction, Parks & Public Spaces • 6506

When the Napoleon Avenue drainage canal construction is finished, which is expected to be at the end of this year, the U.S. Army Corps of Engineers plans to build a new walking path down the middle of the neutral ground. The Corps also plans on making the neutral ground narrower to make room for bike lanes [&hellip
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