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New Construction Includes Raceway, Diesel Plant; HRI Properties Installs Solar Panels

New Construction Includes Raceway, Diesel Plant; HRI Properties Installs Solar Panels

By Amalia Otet, Associate Editor New Orleans will soon be home to the longest racetrack in North America. The new, $60 million NOLA Motorsports Park–currently under construction–will be located south of the TPC Louisiana Golf Course in Avondale, 14 miles from [...]…

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Texaco Building to Become Mixed-Use Complex

Texaco Building to Become Mixed-Use Complex

By Amalia Otet, Associate Editor The long-vacant Texaco building at 1501 Canal St. is one step closer to being rehabilitated. The Times-Picayune reports that the State Bond Commission has approved the issuance of as much as $22 million in bonds for [...]…

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Jax Brewery Destined for Major Makeover; Stirling Expands in Shreveport

Jax Brewery Destined for Major Makeover; Stirling Expands in Shreveport

By Amalia Otet, Associate Editor Jax Brewery in New Orleans is due for a major makeover this spring. Developers Earl Weber and Kenny Lobell are currently working on a reconstruction project that will add 11 new luxury apartments on the second and [...]…

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Saenger Theater Restoration, Lambeth House Wellness Center to Commence

Saenger Theater Restoration, Lambeth House Wellness Center to Commence

By Amalia Otet, Associate Editor New Orleans city officials plan to kick off the Saenger Theater renovations this month. The project costs initially estimated at $39 million have escalated since 2009, when the restoration was first announced, and the project now [...]…

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Joy Theater Returns to Life; Elementary School Breaks Ground in Marrero

Joy Theater Returns to Life; Elementary School Breaks Ground in Marrero

By Amalia Otet, Associate Editor Several projects meant to bring the Crescent City back to its former glory have been launched in the past few years, including the Superdome renovation and the restoration of the Saenger Theatre. Dec. 29 will mark [...]…

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Hotel Mazarin to Open in French Quarter after Extensive Overhaul

Hotel Mazarin to Open in French Quarter after Extensive Overhaul

By Amalia Otet, Associate Editor The New Orleans Hotel Collection recently announced the opening of its newest boutique hotel, Hotel Mazarin, in the heart of the vibrant French Quarter. Situated at 730 Bienville St., the hotel will officially open on Dec. [...]…

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Plaza Tower to Become M-U Community; Stirling to Break Ground in St. Tammany

Plaza Tower to Become M-U Community; Stirling to Break Ground in St. Tammany

By Amalia Otet, Associate Editor The long-vacant Plaza Tower, third-tallest building in both New Orleans and the state of Louisiana, recently sold for $650,000 to a local commercial real estate manager at a private auction. The sale was conducted by a [...]…

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Development, Redevelopment Projects Move Forward in Metro Area

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 [...]…

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Partnership to Redevelop Hibernia Bank Building as Mixed-Use

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 [...]…

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New Orleans Hospitality to Get Major Makeover

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 [...]…

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Morial Convention Center to Undergo Major Facelift; Airport Unveils Brand-New Concourse D

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 [...]…

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Century-Old Marigny Building to Convert to M-U Apartments

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 [...]…

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