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FelCor Sheds Two Properties for $70M

FelCor Sheds Two Properties for $70M

FelCor Lodging Trust Inc. has entered into an agreement to sell two properties for the combined price of $70 million…

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Stirling Properties Takes Over Summit Freamux

Stirling Properties Takes Over Summit Freamux

The long-delayed Summit Freamaux retail project in Slidell might finally be moving toward actual development…

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Ian Somerhalder Tries to Save Land Slated for Industrial Development

Ian Somerhalder Tries to Save Land Slated for Industrial Development

By Eliza Theiss, Associate Editor A tract of land along Bayou Lacombe, below Interstate 12 in Lacombe, La., could be making entertainment headlines, as actor and philanthropist Ian Somerhalder will be making a last effort to acquire the land for the Ian Somerhalder Foundation’s ISF Sanctuary. According to a report…

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South Market PILOT Approved

South Market PILOT Approved

By Eliza Theiss, Associate Editor South Market District, one of the most ambitious private-sector projects since Hurricane Katrina, took a major step forward last week. The Industrial Development Board (IDB) of New Orleans gave its unanimous, albeit preliminary, approval for a payment in lieu of taxes financing package for the first…

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Howard Hughes, Others Pursue Mall Redevelopments in New Orleans

Howard Hughes, Others Pursue Mall Redevelopments in New Orleans

By Eliza Theiss, Associate Editor The Howard Hughes Corp. will be investing $70 million in redeveloping the Riverwalk Marketplace into an upscale outlet center, rebranding it The Outlet Collection at Riverwalk. Project plans call for increasing the property by 25 percent, to approximately 250,000 square feet, by late 2013. But…

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Louisiana Housing Corp. Opens 224-Unit Senior Living Center

Louisiana Housing Corp. Opens 224-Unit Senior Living Center

By Eliza Theiss, Associate Editor New Orleans’ newest seniors housing community, the 224-unit Village de Jardin targeting residents 55 and older, has announced an opening date of Aug. 14, reported New Orleans CityBusiness. Located at 8801 Lake Forest Blvd. in eastern New Orleans, the senior living community has been developed…

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Luxury Apartments to Rise in Marigny

Luxury Apartments to Rise in Marigny

By Eliza Theiss, Associate Editor New Orleans is reaching for new residential heights. Or at least some of its developers are–like Sean Cummings. The notorious Crescent City developer recently presented plans for a 74-foot-tall apartment building before the New Orleans City Planning Commission and received approval to bring his plans…

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Fresh Market Coming to New Orleans; Medical Clinic for Lower Ninth

Fresh Market Coming to New Orleans; Medical Clinic for Lower Ninth

By Eliza Theiss, Associate Editor First Costco and Wal-Mart announced plans to come to New Orleans. Now another chain store has announced plans for the Crescent City. The difference, however, is that The Fresh Market already has a three-store presence in New Orleans, with  the fourth one scheduled to open…

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$13.4M Wal-Mart to Replace Former Gentilly Woods Mall

$13.4M Wal-Mart to Replace Former Gentilly Woods Mall

By Eliza Theiss, Associate Editor Looks like New Orleans’ shortage of retail options will soon be remediated, as national retailer Wal-Mart has closed on a deal to acquire the shuttered Gentilly Woods Shopping Center from the New Orleans Redevelopment Authority (NORA), The Times Picayune reported. Wal-Mart and NORA have been…

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Former NOCCA Building to Become Luxury Condo Property

Former NOCCA Building to Become Luxury Condo Property

By Eliza Theiss, Associate Editor Plans to convert the former New Orleans Center for Creative Arts (NOCCA) building into a luxury multifamily project has been unanimously approved by the New Orleans City Council, reported The Time-Picayune. Developer Jim MacPhaille purchased the former school in April 2011 from the Orleans Parish…

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$40M Carollton Costco Almost a Reality

$40M Carollton Costco Almost a Reality

By Eliza Theiss, Associate Editor Plans to build a Costco store on blighted land near I-10 in the Carollton area seem closer to reality than ever. According to The Times-Picayune, the New Orleans City Planning Commission approved plans for the big-box warehouse store – albeit with a few tweaks. Costco submitted…

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FEMA Funds New Orleans SPCA Facility with $8M

FEMA Funds New Orleans SPCA Facility with $8M

By Eliza Theiss, Associate Editor The Federal Emergency Management Agency (FEMA) has announced close to $8 million in consolidated funding to the Louisiana Society for the Prevention of Cruelty to Animals (SPCA) for a new animal control facility. The old Louisiana SPCA center was located at 1319 Japonica St. and…

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