Canal Street Beat | New Orleans Real Estate News

Lula Restaurant + Distillery (Plans and Renderings)

November 14, 2014 • Development, Food & Beverage, Garden District, Renovation, Zoning and Land Use • 9231

Lula is a new restaurant and distillery planned for the Halperns Furniture store at 1532 St Charles Avenue. Its part of the overall hotel project planned for that block that we wrote about a few months ago here. The project is currently in City Planning. Check out the plans below: &nbsp
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Offices at Mid- City Market (Planned Retail Office Expansion)

November 13, 2014 • Carrollton, Commercial, Mid-City, Office, Retail • 7175

Looks like Stirling Properties is planning an office/retail expansion next to their extremely popular Mid City Market. The planned expansion will be located in an old warehouse at 4141 Bienveille Street. Stirling is in talks with the city to purchase the right of ways in front of the building ( Conti Street). More details [&hellip
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Quality Inn Downtown Sells For $9 Million ($90,000/Key)

November 13, 2014 • Acquisitions, Hotel & Hospitality • 5918

According to Orleans Parish records, the Quality Inn at 210 O’Keefe Avenue was sold for $9 million on November 4, 2014. The hotel has 100 rooms, putting the deal at $90,000/key. The hotel sits at 59,127 square feet, 10 stories, and has a leased Subway franchise on the bottom floor. It was originally constructed in 1956 as [&hellip
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Wyndham Riverfront New Orleans Rebranded As Omni After Multi-Million Dollar Renovation

November 12, 2014 • Hotel & Hospitality • 4961

Omni Hotels & Resorts has announced the rebranding of the Wyndham Riverfront New Orleans. In a partnership with Riverfront Lodging, LLC, the hotel has been reflagged today as the Omni Riverfront Hotel. The hotel features 202 guest rooms and nearly 4,000 square feet of meeting and event space, along with the newly owned Fulton St. Bistro | [&hellip
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Stirling’s Landry Continues Streak, Closes on $15 Million More

November 12, 2014 • Acquisitions, Awards & Recognition • 4108

Stirling Properties’ Beezie Landry, Senior Sales and Leasing Executive, coming off a ridiculously fantastic September where he closed $38 million in sales, had another monster month – closing three deals for $15 million. The properties were in Baton Rouge, Lake Charles, and Montgomery, all with details below. Deals closed include: CVS 9006 Greenwell Springs Rd, Baton [&hellip
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Chicago Firm Acquires Old Pontchartrain Hotel

November 11, 2014 • Acquisitions, Garden District, Hotel & Hospitality • 6867

Chicago-based AJ Capital Partners purchased the old Pontchartrain Hotel on St. Charles Avenue last week, according to an article on Nola.com. The new owners are apparently planning to renovate and rebrand the 106 key hotel into a full service hotel. Iberiabank is providing financing for the $1o million renovation. AJ Capital Partners also teamed up with Cooper Manning, and [&hellip
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Riverwalk 99% Leased, Expecting NOI of $7.8 Million

November 10, 2014 • Central Business District, Retail • 6612

The Howard Hughes Corporation, the Dallas-based company that runs the Outlet Collection at Riverwalk in downtown New Orleans, reported its earnings today. Among other business, it said some interesting notes on how the Riverwalk is performing. The Company noted that when the development opened in May 2014, it was 99.2% leased. Most importantly, the Company [&hellip
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Mid-Town Hotel Back on the Market, Reports Mid-City Messenger

November 7, 2014 • Hotel & Hospitality, Mid-City • 4017

The Mid-Town Hotel New Orleans, the run down hotel located at 3900 Tulane Avenue, is for sale again, just after it was bought a year ago by an out of state purchaser, reports Mid-City Messenger. According to the article, Arizona-based M&S Hospitality company purchased the building last October for $1.7 million. Now, they have it on the [&hellip
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Food Port of New Orleans Breaks Ground

November 6, 2014 • Central City, Food & Beverage • 5574

Good Work Network kicks off construction of its newest project: Roux Carré, the Food Port of New Orleans. Roux Carré: The Food Port of New Orleans, is Good Work Network’s newest project. Roux Carré is an outdoor food court and gathering place that celebrates the African American, Caribbean, and Latin American traditions with culinary offerings [&hellip
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111 Iberville Hotel (Plans and Renderings)

November 4, 2014 • Construction, Development, Food & Beverage, French Quarter, Historic, Hotel & Hospitality, Renovation • 14405

Plans were filed with the city for a hotel development at 111 Iberville earlier last month. While I’m sure there will be some slight modifications to the overall plan before final approval is given, these plans give us a basic idea of what they envision for the property. Significantly, this will be the first new hotel allowed into [&hellip
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