CID News Archive
CBD apartment proposal faces oversaturation question
Can concrete fields near the Superdome be turned into a high-end retail and living area?
The Domain Cos. co-founders Chris Papamichael and Matthew Schwartz, discuss plans for South Market District, a mixed-used development that will replace a nearly four-block area of mostly parking lots in the Central Business District.
RTA Street Car Line Expansion Spurs Development in New Orleans CBD
The Regional Transit Authority obtained federal funding to build a new streetcar line along Loyola Avenue in February 2010, which is creating new development opportunities in the areas surrounding the expansion of New Orleans’s historic street cars. There is over a half-a-billion dollars committed for redevelopment and new developments in an area of town that has struggled to find an identity for many years. For more information click here.
Abandoned Bohn Ford site to become green business hub
From: CityBusiness New Orleans
Date: Friday, June 4, 2010
By: CityBusiness staff reports
The abandoned Bohn Ford building in Mid-City will become the hub of the burgeoning sustainable industry movement in New Orleans, with a dozen companies already lined up to move into the space.
Green Coast Enterprises, a local real estate services firm, and EcoPark, a social entrepreneurship entity, have the building at 401 N. Carrollton Ave. [...]
China's Property Market Freezes Up
From: The Wall Street Journal
Date: Thursday, June 3, 2010
By: Andrew Batson
Government policy changes have thrown China's booming property market into a period of paralysis that some industry executives say will last for several months, weighing on global growth prospects already battered by the turmoil in Europe. A rebound in China's property market has been central to the nation's rapid recovery from the financial crisis [...]
Commercial Deals Abound but Loans Are Scarce
From: The Wall Street Journal
Date: Thursday, June 3, 2010
By: Emily Maltby
Drawn by the low prices of commercial real estate, businesses are purchasing offices, retail stores and manufacturing facilities for their operations. Most come up against tighter underwriting standards for buyers, but it still is possible to get financing. If a business brings equity to the table, that will make it more attractive to a bank [...]
Audubon Building’s new owner plans boutique hotel
From: CityBusiness New Orleans
Date: Wednesday, June 2, 2010
By: CityBusiness staff reports
A former condo project along the Canal Street corridor is being converted into what the developer calls an “upscale boutique” hotel. The eight-story structure at the corner of Burgundy Street next to the Ritz Carlton will become the 180-room Hotel Indigo. [...]
Port awards 2 contracts for cold storage facility
From: CityBusiness New Orleans
Date: Thursday, May 27, 2010
By: CityBusiness staff reports
The Port of New Orleans today awarded two contracts related to construction of a cold storage facility at Henry Clay Avenue Wharf in Uptown. A third award is facing a legal challenge. The project’s centerpiece, a 140,000-square-foot refrigerated warehouse, was awarded to a joint venture of The McDonnel Group, a Metairie firm, and Atlanta-based Primus Builders [...]
