New Orleans
Development, Redevelopment Projects Move Forward in Metro Area
By Amalia Otet, Associate Editor
Poydras Home, a nonprofit retirement community serving greater New Orleans, recently announced plans to break ground on a new assisted living residence Uptown in January 2012.
The Poydras community sits on a three-and-a-half acre site at Magazine […]
Partnership to Redevelop Hibernia Bank Building as Mixed-Use
By Amalia Otet, Associate Editor
HRI Properties and Woodward Interest have secured financing for the conversion of the Hibernia Bank Building downtown into a mixed-used complex.
The $57.3 million redevelopment project will include 175 luxury apartments and two floors of Class A […]
New Orleans Hospitality to Get Major Makeover
By Amalia Otet, Associate Editor
Newton, Mass.-based Hospitality Properties Trust recently announced it has entered a deal to purchase the entity that leases the Royal Sonesta Hotel in New Orleans. The transaction, bearing a price tag of approximately $150.5 million, also […]
Morial Convention Center to Undergo Major Facelift; Airport Unveils Brand-New Concourse D
By Amalia Otet, Associate Editor
The New Orleans Ernest N. Morial Convention Center – the sixth-largest Convention Center in the nation – is about to get a major facelift that will result in the largest ballroom in New Orleans to offer […]
Century-Old Marigny Building to Convert to M-U Apartments
By Amalia Otet, Associate Editor
Julian Doerr Mutter, president & CEO of Doerr Furniture, recently announced plans to redevelop the three-story brick building at 511 Marigny St. and transform it into 48 apartments with commercial space on the ground floor.
Built in […]
Hyatt Regency New Orleans to Reopen after $275M Rebuild
By Amalia Otet, Associate Editor
One of the city’s landmark hotels, Hyatt Regency New Orleans, will re-open its doors Oct. 19 as the anchor of the vibrant Sports and Entertainment District.
Opened in 1976, a year after the Superdome, the hotel was […]
One Shell Square Sold to Massachusetts REIT for $102M
By Amalia Otet, Associate Editor
Newton, Mass.-based CommonWealth has turned its attention to New Orleans, making its first acquisition in the area. The real estate investment trust, which primarily focuses on office and industrial properties in major metropolitan markets, purchased One Shell […]
Healthcare Leads Way to Economic Recovery in New Orleans
By Amalia Otet, Associate Editor
New Orleans is slowly advancing toward becoming a medical hub, with the official opening of the state-funded, $47 million BioInnovation Center.
The new state-of-the-art building is located between the Greater New Orleans Biosciences Economic Development District and […]
Chateau Bourbon to Become Hyatt French Quarter Hotel
By Amalia Otet, Associate Editor
The Chateau Bourbon Hotel of New Orleans is about to get a major makeover.
Carey Watermark Investors Inc., a real estate investment trust mainly focused on acquiring properties in the lodging and lodging-related sectors, recently closed on […]
HUD Awards $30.5M Grant for Public Housing Redevelopment
By Amalia Otet, Associate Editor
State and local government efforts to rebuild the city’s economy seem to finally be paying off: New Orleans is included in an index that highlights the areas that have recorded steady improvement over the past six […]