Canal Street Beat | New Orleans Real Estate News

Athena Real Estate Rolls Out Best-In-Class Maternity & Paternity Pay For Brokers

November 14, 2019 • News • 3641

New Orleans-based brokerage firm Athena Real Estate has announced out a maternity and paternity pay policy for its agents, becoming the first and only brokerage in the greater New Orleans area to have such a policy. Founded in 2017 by entrepreneurs Everett Fineran and Pete Tafaro, Athena has quickly grown from a two-man team to [&hellip
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Fidelity Bank Moves HQ Into Historic CBD Building

November 11, 2019 • News • 3522

$800 Million New Orleans-based Fidelity Bank is moving its corporate headquarters from Place St. Charles to a historic building in the Central Business District, bank officials announced last week. Fidelity Bank will purchase the historic Union Savings & Loan building at 353 Carondelet St. for its new headquarters from Mary Martin Roth, Richard Roth and [&hellip
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Jaeger Adds New French Quarter Hotel To Portfolio

November 5, 2019 • News • 4931

Metairie-based hospitality management company J Collection, owned by investor Joe Jaeger, announced a new hotel in its portfolio, Le Richelieu in the French Quarter. Le Richelieu has 90 keys, including 16 suites, and is spread over two historic buildings. The hotel is named for Cardinal Armand Jean du Plessis, Duke of Richelieu and Louis XIII’s [&hellip
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These Are The Five Possible Convention Center Site Developers

October 30, 2019 • News • 5656

In September, the Ernest N. Morial Convention Center released an RFQ for master developers interested in redeveloping a twenty acre tract of land on the riverfront next to the Convention Center. The project calls for the redevelopment of the site into a mixed-use entertainment district, which would sit directly adjacent to the newly proposed 1,200-room, [&hellip
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Hookah Lounge To Open in Former Treo Spot on Tulane Avenue

October 23, 2019 • News • 4466

A new hookah bar called Vandal Hookah Lounge will open soon in the former Treo cocktail bar building at 3835 Tulane Avenue according to our friends at Mid City Messenger. The former owners of Treo sold the building in February to an entity owned by Raouf Mousa and Ash Salem, partners in the Hookah concept. [&hellip
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Coast Roast To Open New Location on Magazine

October 15, 2019 • News • 2941

Coast Roast Coffee & Tea is getting ready to open a new coffee shop at 3618 Magazine St. Coast Roast currently operates two coffee outlets at food halls St. Roch Market and Auction House Market and two outlets in Mississippi. In addition to its standard coffee and tea fare, the new Magazine Street location will [&hellip
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Ronald McDonald House To Expand To Children’s Hospital In $6 Million Move

October 14, 2019 • News • 2767

Children’s Hospital and Ronald McDonald House Charities of South Louisiana announced partnership plans to build a new facility at the Children’s Hospital Uptown Campus. The partnership will expand housing for families of children being treated at Childrens. Ronald McDonald House is currently in a 15 bed facility in Mid-City, at 4403 Canal Street. The new [&hellip
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The Sazerac House Opens!

October 7, 2019 • News • 3112

The Sazerac House, a 3-story museum in a historic building at 500 Canal Street, opened its doors last week. The Sazerac Company purchased the vacant buildings in 2016 and broke ground in early 2017. The 48,000-square-foot museum tells the story of the history of the Sazerac cocktail as well as other original New Orleans brands. [&hellip
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Best Western Westbank Hotel Trades for $8.3M

October 5, 2019 • News • 2833

The Best Western Plus Westbank in Harvey has been sold for $8.3 million. Tennessee-based Series H of Prime Developments LLC purchased the 138 key hotel at 1700 Lapalco Blvd. according to reports. The seller was Dawn Boteler, who has owned the hotel since it first opened in 1984. David Altman with Marcus & Millichap’s national [&hellip
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New Boutique Hotel Headed For Canal Street

September 30, 2019 • News • 5892

The upper floors of 622 Canal Street, which has long been the home of Rubensteins clothings store, is slated to be converted into a new boutique hotel. Rubensteins will still have its store on the ground floor, but the vacant upper floors are being converted by a partnership between the Rubenstein family and developer Joe [&hellip
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