NEW ORLEANS | Project/Development Thread - Page 675

socigradstudent · #**13481** Posted **Jan 24, 2018, 2:25 PM**

Is there any update on the Canopy by Hilton project?

Also, any word on the condo development on Banks Street? I think it finally got approved?

nolafan · #**13482** Posted **Jan 24, 2018, 2:28 PM**

Quote:

Originally Posted by tennis1400

Carondelet Street Properties Sold to Investment Fund

http://canalstreetbeat.com/carondele...vestment-fund/

This is, without a doubt, the worst block of downtown. Anything to spur development here will help.

tennis1400 · #**13483** Posted **Jan 24, 2018, 6:24 PM**

Quote:

Originally Posted by socigradstudent

Is there any update on the Canopy by Hilton project?

Also, any word on the condo development on Banks Street? I think it finally got approved?

The Canopy is a mystery ... i know there were some legal issues with the Canopy and how the building is built as far as right of ways are concerned..

The Banks project was doing a stormwater plan so that should be moving forward once thats accepted

Hotel project Im a part of will hopefully receive approvals tomorrow from City Council. I think people will find it an exciting project when done!

Nickapedia · #**13484** Posted **Jan 24, 2018, 6:57 PM**

Quote:

Originally Posted by tennis1400

The Canopy is a mystery ... i know there were some legal issues with the Canopy and how the building is built as far as right of ways are concerned..

The Banks project was doing a stormwater plan so that should be moving forward once thats accepted

Hotel project Im a part of will hopefully receive approvals tomorrow from City Council. I think people will find it an exciting project when done!

The Canopy project was proposed in the old Oil & Gas building, right? I passed by there 1-2 times a week throughout the summer and fall and would often see 1 or 2 pick-up trucks parked outside. I also noticed that many of the windows on the masonry clad side of the building facing the Saratoga Building & Loyola Ave were opened when i am not sure they were open before. Its possible there was some exploratory demo or environmental surveying that was taking place. We havent seen any permits or land use applications for that project so i wonder if they didnt run into environmental issues or some other design related issues that expanded the scope of work and caused the delays. I could totally be wrong though.

tennis1400 · #**13485** Posted **Jan 24, 2018, 7:47 PM**

Quote:

Originally Posted by Nickapedia

The Canopy project was proposed in the old Oil & Gas building, right? I passed by there 1-2 times a week throughout the summer and fall and would often see 1 or 2 pick-up trucks parked outside. I also noticed that many of the windows on the masonry clad side of the building facing the Saratoga Building & Loyola Ave were opened when i am not sure they were open before. Its possible there was some exploratory demo or environmental surveying that was taking place. We havent seen any permits or land use applications for that project so i wonder if they didnt run into environmental issues or some other design related issues that expanded the scope of work and caused the delays. I could totally be wrong though.

I believe the building was constructed partially over the right of way and if you ever walked that sidewalk you would know something was messed up back in the day. That said a simple right of way agreement with property management could rectify it.

cnolae16 · #**13486** Posted **Jan 24, 2018, 8:15 PM**

Quote:

Originally Posted by socigradstudent

Is there any update on the Canopy by Hilton project?

Also, any word on the condo development on Banks Street? I think it finally got approved?

The building has been for sale for a while. I doubt the canopy is happening. FNBC bank was the financing bank, so I think the development group stopped. The group is a big national hotel developer...anything is possible.

tennis1400 · #**13487** Posted **Jan 24, 2018, 9:41 PM**

Quote:

Originally Posted by cnolae16

The building has been for sale for a while. I doubt the canopy is happening. FNBC bank was the financing bank, so I think the development group stopped. The group is a big national hotel developer...anything is possible.

didnt realize that was who was financing it... however i dont see any listings for it being for sale? you have a link for that listing existing? i checked for 201 s rampart and 1100 tulane ave and came up blank

cnolae16 · #**13488** Posted **Jan 24, 2018, 9:45 PM**

Quote:

Originally Posted by tennis1400

didnt realize that was who was financing it... however i dont see any listings for it being for sale? you have a link for that listing existing? i checked for 201 s rampart and 1100 tulane ave and came up blank

It's not being publicly marketed

tennis1400 · #**13489** Posted **Jan 25, 2018, 2:28 PM**

Quote:

Originally Posted by cnolae16

It's not being publicly marketed

Ok can you share what the asking price is ?

v-chop · #**13490** Posted **Jan 25, 2018, 5:17 PM**

This nola.com article mentions that John Georges purchased the building Swiss Confectionary is housed back in June. Curious to know what's going there.

http://www.nola.com/dining/index.ssf...ml#incart_2box

Quote:

According to public records, a company owned by businessman John Georges bought the St. Charles Avenue property for $1.3 million in June 2017.

747 St. Charles Avenue

prokowave · #**13491** Posted **Jan 25, 2018, 6:18 PM**

Quote:

Originally Posted by v-chop

This nola.com article mentions that John Georges purchased the building Swiss Confectionary is housed back in June. Curious to know what's going there.

http://www.nola.com/dining/index.ssf...ml#incart_2box

747 St. Charles Avenue

No insight to the plans, but it is just a block from The Advocate's offices, also own by Georges, so possibly room for expansion.

tennis1400 · #**13492** Posted **Jan 25, 2018, 6:27 PM**

Quote:

Originally Posted by prokowave

No insight to the plans, but it is just a block from The Advocate's offices, also own by Georges, so possibly room for expansion.

isnt john georges a part owner of Galatoires too?

jjslonaker · #**13493** Posted **Jan 25, 2018, 6:39 PM**

Quote:

Originally Posted by tennis1400

isnt john georges a part owner of Galatoires too?

he is, he's redoing that building across from the front of the Monteleone on Royal

tennis1400 · #**13494** Posted **Jan 25, 2018, 6:42 PM**

Quote:

Originally Posted by jjslonaker

he is, he's redoing that building across from the front of the Monteleone on Royal

I could see him doing a warehouse district version of Galatoires

jjslonaker · #**13495** Posted **Jan 28, 2018, 1:59 AM**

There’s officially a tower crane up at the site.. could it be it actually happens?? Gasp

cnolae16 · #**13496** Posted **Jan 28, 2018, 4:52 AM**

Quote:

Originally Posted by jjslonaker

There’s officially a tower crane up at the site.. could it be it actually happens?? Gasp

I'd there's an tower crane...it's happening.

Chris from N.O. · #**13497** Posted **Jan 28, 2018, 6:50 AM**

Quote:

Originally Posted by cnolae16

I'd there's an tower crane...it's happening.

The family behind this is pretty shady but it would be awesome to see that building.

cnolae16 · #**13498** Posted **Jan 28, 2018, 3:31 PM**

Quote:

Originally Posted by Chris from N.O.

The family behind this is pretty shady but it would be awesome to see that building.

I've heard a member of another Kailas family has some shadiness, but the one actually building it (Mohan) is pretty straight up from what people say. There's no way he'd be able to borrow that kind of money if he was shady. He has articles on Huff post and Entrepreneur.

TBH big banks have too many deals to choose from to risk around this much money in New Orleans with shady people. Regardless a project this size is great for the city.

Also, I think the same guy is about to formally announce another project.

tennis1400 · #**13499** Posted **Jan 28, 2018, 4:47 PM**

Quote:

Originally Posted by cnolae16

I've heard a member or two of the family has some shadiness, but the one actually building it (Mohan) is pretty straight up from what people say. There's no way he'd be able to borrow that kind of money if he was shady. He has articles on Huff post and Entrepreneur.

TBH big banks have too many deals to choose from to risk around this much money in New Orleans with shady people. Regardless a project this size is great for the city.

Also, I think the same guy is about to formally announce another project.

Regardless, having Hard Rock on board is pretty much a deal maker. Im assuming when this hotel opens the Hard Rock on Bourbon will close... no reason to have two restaurants in such close proximity.

What do you mean by same guy about to announce another project?

cnolae16 · #**13500** Posted **Jan 28, 2018, 6:26 PM**

Quote:

Originally Posted by tennis1400

Regardless, having Hard Rock on board is pretty much a deal maker. Im assuming when this hotel opens the Hard Rock on Bourbon will close... no reason to have two restaurants in such close proximity.

What do you mean by same guy about to announce another project?

He’s involved with some apartment project, but I’m not sure which one.