NEW ORLEANS | Project/Development Thread

[tennis1400]

Originally Posted by York1

Thanks for the pictures. Every time I see pictures of Canal Crossing, I am amazed at the size of the building. I don't know if it is actually that big, or if the pictures make it look that way.

no its big.. its very massive.. whole city block ... the block is 80,242 sqft.. so the building .. is probably somewhere around 500-550,000 sqft ...

[Gee32]

Originally Posted by prokowave

Fire at Market Street power plant doused by New Orleans firefighters
https://www.theadvocate.com/new_orle...b78f999f3.html

Hopefully this sparks some action with the property. At some point the city needs to start issuing fines as it does with blighted buildings around the city. Jaeger may need to let others try to redevelop this and the Plaza Tower

It would be nice if they can pitch the market street power plant building and area to IKEA. Or as a long shot let’s build a MLS stadium for NOLA.

[jjslonaker]

Originally Posted by Gee32

It would be nice if they can pitch the market street power plant building and area to IKEA. Or as a long shot let’s build a MLS stadium for NOLA.

Jaeger is a slumlord at this point

[Catch Basin]

The Advocate article had Jaeger saying it would be years before it's developed, but it wasn't clear how recently he said that. Very frustrating.

Another random thought is how the pool at The Julia will work. That courtyard looks pretty tight from the aerial shots, seems like it will be in the shade practically all day.

[tennis1400]

Originally Posted by Catch Basin

The Advocate article had Jaeger saying it would be years before it's developed, but it wasn't clear how recently he said that. Very frustrating.

Another random thought is how the pool at The Julia will work. That courtyard looks pretty tight from the aerial shots, seems like it will be in the shade practically all day.

No different than the oaramount or canal crossing..not very sunny pools..canal crossing will be the darkest

[hightech1217]

A 275 room dual-branded hotel in the planning stages for the Warehouse District. Not sure if this is a re-branding, renovation or new build. The video was uploaded in December.

https://youtu.be/Xm1hKI_dvQ4

[tennis1400]

Originally Posted by hightech1217

A 275 room dual-branded hotel in the planning stages for the Warehouse District. Not sure if this is a re-branding, renovation or new build. The video was uploaded in December.

https://youtu.be/Xm1hKI_dvQ4

hmm interesting.. no clue what it would be .. sounds like new construction because 275 rooms is actually quite big for a hotel in warehouse district area.. not many options fit that room count ..

[hightech1217]

Originally Posted by tennis1400

hmm interesting.. no clue what it would be .. sounds like new construction because 275 rooms is actually quite big for a hotel in warehouse district area.. not many options fit that room count ..

The only new build that came to mind was the hotel originally proposed for 1148 South Peters.

[LSU_Forte]

Originally Posted by tennis1400

hmm interesting.. no clue what it would be .. sounds like new construction because 275 rooms is actually quite big for a hotel in warehouse district area.. not many options fit that room count ..

I had seen something about 2 months ago for a hotel with a Convention Ctr Blvd address RFP for re-brand. Didn't pay much attention so I'm not certain which it was. BUT... the Hampton Inn is actually two separate buildings and currently 288 rooms. It might be an easy candidate for a dual flag property - one in each building with a common lobby.

[LSU_Forte]

Originally Posted by Gee32

It would be nice if they can pitch the market street power plant building and area to IKEA. Or as a long shot let’s build a MLS stadium for NOLA.

Last week I read a Livingston Parish (BR Suburb) developer was making a pitch to Ikea for one of their smaller stores for a shopping area currently anchored by Bass Pro. This location would be more in line with their site selection methodology than New Orleans.

[LSU_Forte]

Two significant retailers (one national, one international) whom the City has been courting for years are eagerly watching what becomes of STR. The Sonder proposals for Canal had really encouraged one in particular to take the next step forward in the process for choosing the right location.
Then comes a shitty proposal to cap commercial STRs, require 1/1 affordable housing, tax STRs to raise 20MIL. Sonder complains unfair, retailer who used Sonder as a lynchpin says hold up...
The ramifications of the STR debate go much deeper than many think.

Not getting into the politics of it here but the new proposals are bad for development, bad for real estate values and bad for the City as a whole.

[tennis1400]

Originally Posted by LSU_Forte

Two significant retailers (one national, one international) whom the City has been courting for years are eagerly watching what becomes of STR. The Sonder proposals for Canal had really encouraged one in particular to take the next step forward in the process for choosing the right location.
Then comes a shitty proposal to cap commercial STRs, require 1/1 affordable housing, tax STRs to raise 20MIL. Sonder complains unfair, retailer who used Sonder as a lynchpin says hold up...
The ramifications of the STR debate go much deeper than many think.

Not getting into the politics of it here but the new proposals are bad for development, bad for real estate values and bad for the City as a whole.

well from what i can tell a certain councilperson that proposed that did so without discussing anything with the rest of the council and she has no votes for her proposal..

also the str thing is really irrelevant to anything on canal since most str projects arent permitted that way anymore... sonder projects are moving to actual hotel permits anyways (which in all honesty is what they are) but the current proposals arent likely to pass either

[tennis1400]

Originally Posted by LSU_Forte

I had seen something about 2 months ago for a hotel with a Convention Ctr Blvd address RFP for re-brand. Didn't pay much attention so I'm not certain which it was. BUT... the Hampton Inn is actually two separate buildings and currently 288 rooms. It might be an easy candidate for a dual flag property - one in each building with a common lobby.

well i looked at the owners of some the big hotels and no one matches the owners of the hospitality company in the video

[ericlrush1]

https://neworleanscitybusiness.com/b...changes-hands/

Anybody have a subscription? I’m curious which property they’re talking about

[onlyinnola]

Originally Posted by ericlrush1

https://neworleanscitybusiness.com/b...changes-hands/

Anybody have a subscription? I’m curious which property they’re talking about

It’s the building occupied by Children’s Place. Talks about utilizing all floors to attract a national or international commercial tenant.

[tennis1400]

Originally Posted by onlyinnola

It’s the building occupied by Children’s Place. Talks about utilizing all floors to attract a national or international commercial tenant.

the author of the piece misuses the term upper canal street.. that area is best described as middle canal street.. upper to me is the state palace to claiborne

[Gee32]

Originally Posted by LSU_Forte

Last week I read a Livingston Parish (BR Suburb) developer was making a pitch to Ikea for one of their smaller stores for a shopping area currently anchored by Bass Pro. This location would be more in line with their site selection methodology than New Orleans.

Well if that’s the case then a better site would be near or apart of the Fremaux town center development in St.Tammany pariah (Nola Suburb) which Puts them in a much larger metropolitan area than BR metro area and right in between Nola and the Mississippi Gulf coast, but I still think a IKEA would make much more money in the city at the market street power plant site espically if they develop it like they did Atlantic station in Atlanta

[Chris from N.O.]

Originally Posted by Gee32

Well if that’s the case then a better site would be near or apart of the Fremaux town center development in St.Tammany pariah (Nola Suburb) which Puts them in a much larger metropolitan area than BR metro area and right in between Nola and the Mississippi Gulf coast, but I still think a IKEA would make much more money in the city at the market street power plant site espically if they develop it like they did Atlantic station in Atlanta

IKEA requires 2 million population within 40-60 miles of the store, don't they? I think they could make a lot of money here but if that's a hard and fast requirement I don't think we can meet it.

For Sonder, weren't they talking about reuse of the upper floors on Canal Street as STRs? Micro-units that wouldn't qualify for hotel zoning or whatever? But I got the impression from this article https://www.nola.com/politics/2019/0...-proposed.html that the latest version of Palmer's proposal doesn't restrict them in commercial areas the same way her previous proposal had. Maybe there was some pushback for the reasons stated above by LSU-Forte?

[tennis1400]

Originally Posted by Chris from N.O.

IKEA requires 2 million population within 40-60 miles of the store, don't they? I think they could make a lot of money here but if that's a hard and fast requirement I don't think we can meet it.

For Sonder, weren't they talking about reuse of the upper floors on Canal Street as STRs? Micro-units that wouldn't qualify for hotel zoning or whatever? But I got the impression from this article https://www.nola.com/politics/2019/0...-proposed.html that the latest version of Palmer's proposal doesn't restrict them in commercial areas the same way her previous proposal had. Maybe there was some pushback for the reasons stated above by LSU-Forte?

My point about the str proposals and sonder is that the point is becoming moot since sonder is shifting away from strs and going hotel route with permitting... companies like stay alfred, hosteeva, domio, and sonder are going this route because they are hotel operators for all intents and purposes. So if the zoning district allows hotels theres no reason to permit the property as str regardless of the rules. Hotel permits allow flexibility plus it makes the property secure from every citys constantly changing str regulations

[buckett5425]

Originally Posted by onlyinnola

It’s the building occupied by Children’s Place. Talks about utilizing all floors to attract a national or international commercial tenant.

I think Canal Street is on the cusp of finally becoming the street New Orleans deserves. I know someone representing two different national companies who are looking to create flagship destination stores in the warehouse/CBD area and are focusing their efforts on Canal Street.

In either case, I think we've reached the point where these developments will begin to snowball.

*fingers crossed*