Canal Street Beat | New Orleans Real Estate News

First Units Of $600 Million Iberville Redevelopment Almost Complete

October 16, 2014 • Community Development, Development, Public Development • 9305

The first grouping of brand new apartments under construction at the site of the former Iberville public housing development are almost finished and will be open by end of 2014. Developers HRI, Missouri-based McCormack Baron Salazar, and the Housing Authority of New Orleans are co-developing a $600 million project to revitalize Iberville and the surrounding area. Financing comes from [&hellip
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Check Out the Plans for Justin Devillier’s New Restaurant Balise

October 15, 2014 • Central Business District, Development, Food & Beverage, News, Renovation • 6635

Several months ago Chef Justin Devillier purchased the former Ditcharos space at 640 Carondelet. The planned venture will be called Balise( which was the name of the first French Settlement at the mouth of the river). According to Devillier, the restaurant should be opening before the end of the year. In the meantime check out the [&hellip
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NORA To Auction 130 More Properties With No Minimum Bid!

October 15, 2014 • Community Development, Public Development • 4880

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 • 4414

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 • 9044

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 • 6808

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 • 6426

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 • 8295

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 • 5370

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 • 12763

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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