New Orleans
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 [...]…
Continue reading →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 [...]…
Continue reading →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 [...]…
Continue reading →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 [...]…
Continue reading →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 [...]…
Continue reading →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 [...]…
Continue reading →Audborn Building Restored to Accomodate Saint Hotel
By Amalia Otet, Associate Editor New Orleans’ hospitality industry was in dire need of revitalization following the economic downturn and Hurricane Katrina. Several projects meant to bring the city back to its former glory have been launched in the past few [...]…
Continue reading →Chalmette Revitalization Includes New Shopping Destination
By Amalia Otet, Associate Editor With a rich heritage and eventful history, Chalmette is now pursuing a slow but sure path to economic recovery, as people and businesses return to the blighted neighborhood. That includes a new shopping destination, which will be [...]…
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