Canal Street Beat | New Orleans Real Estate News

Retail Watch: West Elm To Open On Magazine in July

June 13, 2014 • Magazine Street, Retail • 4399

West Elm, the national furniture and upscale retail store, will open at 2929 Magazine St. at the end of July, reports the Advocate. West Elm is part of a handful of new national chains coming to Magazine Street, along with all of the other activity in the corridor. The store at 2929 Magazine has been selected [&hellip
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Landrieu Kills Plan For New City Center At Charity Hospital Site

June 12, 2014 • Public Development, Public Finance, Zoning and Land Use • 5783

Mayor Mitch Landrieu has abandoned his $300 million plan to convert the old Charity Hospital building into a new City Hall and Civil District Court. On Wednesday, Landrieu said that a lack of state funding and a skyrocketing construction budget led him to kill the proposal. “The plans do not pencil out to build a new Civic Complex or [&hellip
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St. Bernard Master Plan Released – Can It Attract Upper-Income Residents?

June 12, 2014 • Zoning and Land Use • 3899

The final draft of the St. Bernard Parish Comprehensive Plan was released Friday, seeking to provide a guide for the Parish to attracting more middle- to upper-income residents and new businesses. The 116-page plan is intended to guide future redevelopment in the parish. The Comprehensive Plan is an official, public document that helps guide the direction and [&hellip
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$64 Million, 19 Acre Movie Studio Coming to Algiers? (PICS)

June 11, 2014 • Sports & Specialty, West Bank • 14558

A New Orleans-born Hollywood movie producer plans to turn a 19-acre former railroad yard into a $63.5 million film and television production facility in Algiers. Scott Niemeyer, who has produced some big name movies in Louisiana over the years, presented his concept for Deep South Studios to the New Orleans Industrial Development Board on Tuesday Deep South Studios would be [&hellip
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PwC US Signs 10 Yr Lease in First Bank Tower, The Advocate Reports

June 11, 2014 • Central Business District, Office • 4003

PwC US, a member of the PricewaterhouseCoopers network, has signed a 10.5-year lease in the First Bank & Trust Tower on Poydras Street and will move to its new offices in late October, reports the Advocate. The accounting services firm is expanding their footprint due to an expected increase in demand for its accounting, tax and [&hellip
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NOCCA Close To Breaking Ground on Shipping Container Urban Garden

June 10, 2014 • Bywater, Community Development, Marigny, Parks & Public Spaces • 6110

Construction should start soon for NOCCA’s new half-acre garden on Press Street near the new New Orleans Center for the Creative Arts building. Construction permits were filed with the city last week. The site is adjacent to NOCCA’s new development and campus extension, the Forum Building. The community garden is a half-acre urban farm and outdoor lab designed to serve [&hellip
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301 St. Charles Avenue Back on the Market for $4.75 Million

June 9, 2014 • Central Business District, Commercial, Historic • 8014

301 St. Charles Avenue, a mixed-use retail and commercial site is back on the market after a deal fell through back in January. The free-standing, 32,588 square foot building is priced at $4.75 million, or $145.76 per square foot, for sale or $12.50 per square foot to lease. Listing agent and executive VP of The [&hellip
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Lender News: Naked Pizza Co-Founder Crochet Joins Beech Street Capital

June 9, 2014 • Awards & Recognition, Finance & Lending • 5268

Beech Street Capital, a Capital One company, is a multifamily mortgage lender based in Bethesda, Maryland. The company recently announced that Randy Crochet will come on as Vice President of Originations for the New Orleans region. Crochet, an original co-founder of Naked Pizza, will be responsible for work on the multifamily and commercial real estate debt financing side [&hellip
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Bayou Burger & Sports Co. Plans 5 Locations in Greater NOLA, Reports Todd Price

June 6, 2014 • Food & Beverage, French Quarter, Retail • 5500

Bayou Burger & Sports Company has signed a lease to operate a second store in the French Quarter, reports Todd Price of Nola.com. Creole Cuisine Restaurant Concepts, the owner and operator of Bayou Burger, says that the plan to open five additional Bayou Burger & Sports Company outlets in Orleans, Jefferson and St. Tammany parishes over [&hellip
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Developers Propose 2 New Kenner Hotels Near New Airport, Nola.com Reports

June 6, 2014 • Hotel & Hospitality, Kenner • 6693

Developer Mike Vira has proposed building two four-story hotels near the entrance to the new airport terminal in Kenner, reports nola.com. The two hotels would have a combined 203 guest rooms and would carry the flags Candlewood Suites and Holiday Inn. Construction costs would cost a combined $25 million, or $123,000 per key. The area [&hellip
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