Canal Street Beat | New Orleans Real Estate News

Demo Request For Oak Street Lofts Approved

August 1, 2014 • Condos, Development, Uptown, Zoning and Land Use • 4884

After a two week delay, a developer’s request to demolish a building to make way for the new Oak Lofts condo and gym complex were finally approved, clearing the way for the proposed development to begin construction. The four-story Oak Lofts condo project will replace the Amann & Associates building currently on the property, midway between Leonidas and Joliet [&hellip
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South Market District will feature car share service

July 31, 2014 • News • 3890

New Orleans’ first public car-sharing service will begin downtown this fall as part of the South Market District residential and retail development. Enterprise Rent-A-Car’s car share service, Enterprise CarShare, will provide online access to a fleet of shared vehicles for public use 24-hours-a-day. The car sharing service will open as part of The Park, a $21.3 [&hellip
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138 Room Hotel in Warehouse District Moves Forward [PICS]

July 30, 2014 • Development, Hotel & Hospitality, Warehouse District • 6594

HW Real Estate Development Corp. of Chicago plans to build a 138-room hotel and ground floor restaurant on a 26,000-square-foot L-shaped lot that faces Julia Street on one end and Baronne Street at the other. The current hotel design includes a three-story and four-story portion facing Julia Street, a five-story portion facing Carondelet Street and a six-story [&hellip
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$3.2 Million Mixed-Use Development Coming to 301 Magazine Street

July 29, 2014 • Central Business District, Development, Multi Family • 7463

A new mixed-use development is coming to the CBD. Purchased in 2010 by Simon Cho for $1.75 million dollars, his son Eric, on behalf of his father, is teaming up with Gibbs Construction on this $3.2 million renovation and redevelopment project, aided by state and federal historic tax credits, to expand the historic 1830s era [&hellip
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How Do we Know When The Post-Katrina Recovery is Over?

July 29, 2014 • Economic Development, Zoning and Land Use • 6046

Our friends over at Next City have put together some interesting thoughts on how to tell when the post-Katrina recovery is over. The gist, from a purely physical perspective the post-Katrina recovery process is nearly complete. FEMA has pumped large amounts of money into the city of New Orleans. Just in the last 4 years [&hellip
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$2 Million Dialysis Center Planned for West Bank

July 28, 2014 • News • 7790

Fresenius Medical Care North America, a Massachusetts-based company, plans to build a 7,700-square-foot medical facility at 957 Behrman Highway. The site is currently a vacant tract of land in Terrytown, on the West Bank. Fresenius has filed for a $1 million permit for construction of the new medical center. According to Jefferson parish conveyance records, [&hellip
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City Releases Final Draft of Comprehensive Zoning Ordinance

July 25, 2014 • Zoning and Land Use • 5771

After years, dozens of revisions drafts and neighborhood meetings, the New Orleans’ City Planning Commission released the latest draft of the Comprehensive Zoning Ordinance Wednesday (July 23). The new zoning ordinance is designed to govern real estate development across the city. The planning commission has scheduled public hearings on the latest draft for Aug. 26 and Sept. 9. The council [&hellip
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New 6 Story Apartment Building Planned for CBD [PICS]

July 24, 2014 • Development, Multi Family, Warehouse District, Zoning and Land Use • 8048

Developer Scott Begg plans to demolish a two-story warehouse at 611 Commerce Street to build a six-story apartment building with off-street parking. Begg and Metro Studio Architects have submitted plans to the Historic District Landmarks Commission’s Architectural Review committee. According to submitted plans, the current plan includes a 65-foot building with ground floor parking and five floors [&hellip
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O’Keefe Plaza Hotel Sells to NYC Investors for $10.75 million

July 23, 2014 • Acquisitions, Central Business District, Hotel & Hospitality • 6254

A New York real estate investment firm, the Garrison Investment Group, bought the O’Keefe Plaza Hotel in the Central Business District for $10.75 million this month. The six story, 129-room hotel is located at 334 O’Keefe Ave. The seller was Laxmi Hotel, LLC, which was controlled by the Chauhan and Kansagra families. Orleans Civil Court records show [&hellip
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The California Building To Get $15 Million Makeover Into 153 Apartments [PICS]

July 22, 2014 • Central Business District, Development, Multi Family, News • 10743

The 194,000-square-foot commercial building at 1111 Tulane Avenue known as The California Building will undergo a $15 million renovation into a 153 unit apartment complex with ground floor retail. The building, at the intersection of Tulane Avenue and South Rampart Street, changed hands in in 2013 for $4 million, according to Orleans Parish conveyance records. According to plans [&hellip
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