Canal Street Beat | New Orleans Real Estate News

Drones Have Made Their Way into New Orleans Real Estate

March 17, 2015 • Central Business District, Commercial, Innovation • 9171

Drones are making a big buzz in American skies and they have the potential to be a valuable tool in construction and real estate development. They’re currently being used to capture aerial images and video for marketing materials, document construction progress and offer a bird’s eye view of assets. Craig Guillot, principal and drone operator [&hellip
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Two Screen Movie Theatre Headed to 630 Elysian Fields Ave

March 17, 2015 • Commercial, Marigny, Renovation, Zoning and Land Use • 7701

Plans were recently filed with the BZA of New Orleans to renovate a small warehouse at 628-630 Elysian Fields Avenue into a two screen movie theater with accompanying amenities. Heres a look at the location today: Plans and Renderings Below: &nbsp
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HRI’s $100 Million Aloft Hotel Opens Its Doors

March 16, 2015 • Hotel & Hospitality • 10527

The Starwood branded Aloft Hotel at 225 Baronne in the CBD has finally opened. Developer HRI Properties spent $100 million on the redevelopment of an old building, turning the former office building into a mixed-use complex that features the Aloft Hotel. Located at 225 Baronne Street, the Aloft New Orleans Downtown has 188 keys and includes an [&hellip
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40,000 SF Office & Retail Redevelopment Planned for Mid-City (We’ve Got Renderings!)

March 13, 2015 • Commercial, Mid-City, Office, Retail • 11247

Plans were filed with the city this month to redevelop the warehouse building at 4141 Bienville into an office/retail complex by Stirling Properties. We originally reported the news back in November 2014, but now have more details about what the development will include. The warehouse sits adjacent to Mid City Market, so this is a [&hellip
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Large Mixed-Use Development Planned for Bywater (Plans Included)

March 12, 2015 • Bywater, Commercial, Multi Family, Renovation, Residential • 12983

Plans were filed with the New Orleans HDLC for a mixed use development spanning two buildings: one at 901 Bartholomew St and the other at 3925 Burgundy St. Terrell Fabacher are the architects. The sellers originally planned to develop these properties as a four-corner development called “ICInola”, but have since decided to sell. According to a [&hellip
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Chicago Firm Buys 130 key Holiday Inn Airport for $15.8 Million

March 12, 2015 • Acquisitions, Hotel & Hospitality, Jefferson Parish • 4996

Chicago real estate firm Arbor Lodging Partners purchased the Holiday Inn Express & Suites New Orleans Airport South for $15.8 million. This is firm’s first investment in the New Orleans area. The 130-key suburban hotel located near the James Business Park was owned by Los Angeles-based Laurus Corp., which bought the property in 2012. The property was a Ramada Inn [&hellip
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Former Turnbull Bakery to Become 18 Residences

March 11, 2015 • Development, Historic, Lower Garden District, Residential, Zoning and Land Use • 7288

It looks like the long time Turbull Bakeries Plant, which closed in 2012, is becoming residential. Plans were filed with the New Orleans HDLC this month for permission to demolish the existing warehouse buildings and to resubdivide the land into 18 single family residential lots. The former bakery occupies most of the block bounded by 1st., St. [&hellip
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Gamma Rho Foundation Building Huge New Clubhouse (Plans Included)

March 11, 2015 • Community Development, Development, West Bank • 10475

According to plans filed with the city, Gamma Rho Foundation is building a new facility at 1601 L B Landry Ave on the West Bank next to the west bank Expressway. Facility is to be located here: Plans and renderings below: &nbsp
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City Planning Denies Motwani’s $120 Million Hotel Development

March 11, 2015 • Development, Hotel & Hospitality, Zoning and Land Use • 15469

Kishore “Mike” Motwani of New Orleans and developers Wischermann Partners of Minneapolis, the developers behind the controversial $120 million, 21-story hotels at the corner of Canal and Tchoupitoulas, lost another major battle today with yet another rejection, this time by the City Planning Commission. The developers had sought a conditional use permit and the demolition of [&hellip
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Check Out the Plans For Willa Jean (South Market District)

March 10, 2015 • Central Business District, Commercial, Food & Beverage, Renovation • 8190

Update [March 10, 2015] – The plans originally included below were apparently not the most recent plans by Willa Jean. While they were in fact filed with and stamped by the city, we have removed them and are awaiting the full, most recent plans from Willa Jean. As soon as we receive those plans, we will [&hellip
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