Canal Street Beat | New Orleans Real Estate News

NORA To Auction 130 More Properties With No Minimum Bid!

October 15, 2014 • Community Development, Public Development • 4470

The New Orleans Redevelopment Authority has been on a roll lately, putting 136 properties back into commerce and generating $6.4 million at an auction in March. That auction of course comes off the heals of a monster 2013, where NORA invested nearly $80 million. Now, NORA has announced they will be auctioning off another 130 [&hellip
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Green Building Wave Ripples Through NOLA

October 14, 2014 • Construction • 3973

Since 2005, New Orleans has had a particularly large boom in green building, where 4.53 million square feet of commercial space is LEED certified, reports CityBusiness. Z Smith, director of sustainability and building performance for the architecture firm Eskew+Dumez+Ripple, said about 20 percent of Eskew+Dumez+Ripple’s work involves LEED certification, but nearly every project design at the firm [&hellip
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Meet The Developers Contending For The Convention Center Redevelopment

October 13, 2014 • Lower Garden District, Public Finance • 8326

Earlier this year, the Convention Center issued a “request for interest” from developers for the redevelopment of 47 acres of unused land on the River owned by the Ernest N. Morial Convention Center into a massive mixed-use district that would featured shopping, hotel, residential, and entertainment. Last week, the Convention Center announced the companies that submitted [&hellip
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HDLC Approves Demo For 138 Room Warehouse District Hotel

October 13, 2014 • Development, Hotel & Hospitality, Warehouse District • 6417

The Historic District Landmarks Commission has voted to replace a covered parking lot and a two-story building with a new 138 room hotel and restaurant. The project was proposed by the HW Real Estate Development Corp. of Chicago. The proposal is currently waiting for final approval from the City Council. The developer seeks to build [&hellip
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Stirling Properties’ Beezie Landry Crushes September, Closes on $38 Million In Sales

October 10, 2014 • Awards & Recognition, Investment • 5919

Stirling Properties’ Beezie Landry, Senior Sales and Leasing Executive, absolutely crushed it in September, closing on the sale of five investment properties totaling over $38 million. In each of these transactions, Mr. Landry represented the Seller. “Year to date Beezie has closed on approximately $60 million in Investment Sales representing both Buyers and Sellers,” stated [&hellip
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Green Coast Enterprises Purchases 234 Loyola Avenue For Mixed-Use Development

October 9, 2014 • Acquisitions, Central Business District, Multi Family • 7642

Developer Green Coast Enterprises, in partnership with the Crescent City Community Land Trust , has closed on the purchase of a vacant downtown, historic building for conversion into apartments and retail. Green Coast closed on the former Higgins Industries Building at 234 Loyola Ave. last week for $4.8 million from Johnann LLC, an entity owned by [&hellip
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New Strip Mall Coming to Clearview Parkway

October 8, 2014 • Development, Jefferson Parish, Retail • 4882

Today, the Jefferson Parish Council unanimously approved the Clearview site plan for a new strip mall across six lots once zoned for homes, reports nola.com. The site is on the western face of Clearview one block south of its intersection with West Metairie Avenue, between King and Prince streets. The six related lots were unanimously approved for [&hellip
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Hotel Planned for the St Peter and Paul Church Complex in The Marigny

October 7, 2014 • Development, Historic, Hotel & Hospitality, Marigny, Parks & Public Spaces, Renovation, Zoning and Land Use • 11972

Plans have been filed with the City Planning Commission for a change in zoning to allow a small boutique hotel to take over the St Peter and Paul Church Complex. The complex is located on Burgundy Street between Marigny and Mandeville Streets. Unanimous approval was granted from the FMIA as well last month. [&hellip
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LD Linens & Décor To Open On Magazine, not JCrew

October 7, 2014 • Magazine Street, Retail • 6198

Last month, we found new designs for a renovated store at 3823 Magazine Street. The renderings on the architects website showed a J Crew coming to town. Well, Canal Street Beat did a little more digging and found out that J Crew is in fact not moving in to 3823 Magazine Street, but an upscale [&hellip
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KFK Group Acquires 20 TGI Fridays restaurants

October 6, 2014 • Food & Beverage • 6960

The Southeast Restaurant Group, which owns three TGI Fridays restaurants in metro New Orleans and Mobile, Alabama, has purchased 20 company-owned locations stretching from Houston to Nashville, Tennessee, reports The Advocate. Southeast Restaurant Group is a subsidiary of New Orleans-based real estate development company KFK Group. KFP Group has developed the 1205 St. Charles Condominiums, [&hellip
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