The Pulse NOLA: Bank of Louisiana building sells in the CBD

09 Sep The Pulse NOLA: Bank of Louisiana building sells in the CBD

Posted at 09:12h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans.

Commercial Sales Recorded Last Week

2012 River Rd, Westwego, LA 70094

Type: Industrial
Price: $3,950,000 ($493.75 / SF)
Buyer: TT 104 LLC
Elifin’s Notes: James Marine, Inc., a barge services company operating in Louisiana and Kentucky, purchases an industrial barge servicing facility at Nine Mile Point.

3700 W Esplanade Ave, Metairie, LA 70002

Type: Multifamily
Price: $2,600,000 ($130,000 / Unit)
Buyer: PJ DIVISION PROPERTIES LLC
Elifin’s Notes: Local multifamily investors purchase this set of five quadraplexes, totaling 20-units, at the corner of West Esplanade Avenue and Division Street.

4941-4955 W Napoleon Ave, Metairie, LA 70001

Type: Retail
Price: $1,900,000 ($125.91 / SF)
Buyer: TAMS OF KENNER INC
Elifin’s Notes: The Napoleon Plaza, a two-building multi-tenant retail strip center, sells to a local investor.

8400 Palmetto St, New Orleans, LA 70118

Type: Multifamily
Price: $1,854,545 ($36,364 / Unit)
Buyer: CYPRESS MANOR APARTMENTS I LLC
Elifin’s Notes: Hamdan Sons Investments purchases this 51-unit portion of the Cypress Manor Apartments.

3613 Cambronne St, New Orleans, LA 70118

Type: Multifamily
Price: $1,745,455 ($36,364 / Unit)
Buyer: CYPRESS MANOR APARTMENTS II LLC
Elifin’s Notes: Hamdan Sons Investments purchases this 48-unit portion of the Cypress Manor Apartments.

300 St Charles Ave, New Orleans, LA 70130

Type: Office
Price: $1,500,000 ($115.49 / SF)
Buyer: 300 ST CHARLES LLC
Elifin’s Notes: A pair of local businessmen purchase the Bank of Louisiana building in the CBD.

759 Hill St, New Orleans, LA 70121

Type: Industrial
Price: $1,275,000 ($50.00 / SF)
Buyer: HILL ST HOLDINGS LLC
Elifin’s Notes: A group of investors purchase an industrial property in Jefferson near the Earhart Expressway.

111 Wright Ave, Terrytown, LA 70056

Type: Retail
Price: $435,000 ($58.00 / SF)
Buyer: MUSIC MAN PRODUCTIONS LLC
Elifin’s Notes: A pair of retail buildings, one currently an event space and the other in shell condition, sell near the Oakwood Center Shopping Mall.

1725 Constantinople St, New Orleans, LA 70115

Type: Land
Price: $285,000 ($81.43 / Land SF)
Buyer: HESTIA LLC
Elifin’s Notes: A paved, vacant land parcel sells in the Milan neighborhood.

1119 10th St, Gretna, LA 70053

Type: Retail
Price: $200,000 ($114.29 / SF)
Buyer: FJH3 LLC
Elifin’s Notes: A dwelling turned commercial catering space sells in Gretna.

457 N Dorgenois St, New Orleans, LA 70119

Type: Retail
Price: Withheld
Buyer: FORTUNA FORTUNA LLC
Elifin’s Notes: Flour Moon Bagels has purchased their retail condominium space along the Lafitte Greenway.

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
4101 Norman Mayer Ave	Mechanical HVAC $3,562,745	Mechanical permit for new construction 4-story, 71,415 sq ft, dormitory complex with 127 bedrooms. Ancillary uses include lounges, office and study areas, domestic cooking and dining facilities, exercise facilities, and community multi-purpose rooms. Mechanical equipment consists of (2) DOAS units, (81) VTAC units, and (63) VRF units.	[O] Dillard University [A] August R Gallo, Jr. [C] August R Gallo, Jr.
1 Canal St	Electrical Service / Circuit / Feeder $770,000	Install additional lighting and outlets per plans. Adding 6 circuits total. No new panels or feeders.	[O] Of The Americas Aquarium [A] Mark P Hartenstein [C] Mark P Hartenstein
1235 N Peters St	Renovation (Non-Structural) $438,000	EXISTING PUBLIC RESTROOM RENOVATIONS – The scope of work for the Base Bid shall include all of the work as specified herein and as indicated and/or implied in the complete set of Bid Documents dated November 10, 2023. This project includes but is not limited to the renovation of the existing interior areas and select exterior areas of the existing flea market restrooms, including new plumbing fixtures, toilet partitions, restroom accessories, new tile wall coverings, new doors and frames, replacement of existing flooring, base, gypsum board ceilings, new led lighting fixtures, ductwork modifications, interior painting, new roll up entry doors, new pre-finished metal wall panels at entries, and other interior renovations as included in Bid Documents including all associated mechanical, plumbing, and electrical modifications.	[O] The City Of New Orleans [A] Yeates Mancil Architects, LLC [C] Thadious D Macil III
7505 Maple St	Renovation (Non-Structural) $312,785	Non-structural renovation of a commercial tenant space inside existing single-story building. Proposed use is a standard restaurant. Project scope includes new interior tenant improvements, mechanical, electrical and plumbing systems.	[O] Charles W III Applewhite [A] Graham Hill [C] NFT GROUP, LLC
2438 Saint Claude Ave -Apt 2B	Renovation (Structural) $308,000	conversion of 3 commercial STRs upstairs into expansion of existing downstairs restaurant. 2 new kitchen hoods and venting, relocated intr.AC to rooftop, new dining/kitchen/dining bar/seating/storage/toilets upstairs. new walk-in cooler in rear yard. interior demolition permit issued already. building is fully sprinklered w/ NFPA 13 supervised system.	[O] L Squared Investment Group LLC [A] Loretta Harmon [C]
7224 Dominican St	Mechanical HVAC $250,000	Installation of VRF Systems, 1 DOAS UNIT, 10 exhaust fans and evaporator coils.	[O] Loyola University [A] Armand Duvio, Jr. [C] Voelkel McWilliams Construction, LLC
336 Decatur St	Renovation (Non-Structural) $236,429	Restaurant tenant build out of an existing two-story core and shell space	[O] Joseph C Paciera [A] Heather Cooper [C]
1420 General Taylor St	Renovation (Non-Structural) $208,240	TPO Roof installation	[O] 1420 General Taylor LLC [A] Vinyltech of New Orleans, LLC. [C] Vinyltech of New Orleans, LLC.
450 S Claiborne Ave	Renovation (Structural) $197,470	recoat the roof	[O] Board of Adm of Charity Hospital [A] raymond havlicek [C]
4402 Reynes St	City IDC Demolition $163,020	Emergency IDC Demolition issued by City of New Orleans	[O] Easy Living Ventures 25 [A] Debbie Champagne [C] Durr Heavy Construction, LLC
639 Loyola Ave, 6th Floor	Renovation (Non-Structural) $161,624	Interior renovation of the entire 6th floor to accommodate a new corporate conference center.	[O] Poydras Properties LLC [A] Wil Finley [C] Gibbs Construction LLC
1831-1835 N Broad St, 2608 Castiglione St Apt 1A-Apt 2A	Renovation (Non-Structural) $153,800	INTERIOR RENOVATION TO TWO APARTMENTS AND ONE BUSINESS	[O] Stephanie Dao [A] Bruce Blew [C] Srf Group Consulting, Llp, CN HOUSEWORKS, INC.
30 McAlister Dr	Electrical Repair / Replacement / Addition $99,551	This permit will be for the electrical renovation work required for the build out of the TWISTED TACO. The existing restaurant SAGE DELI will be demoed, and new power and lighting circuits will be run per twisted tacos drawings.	[O] Administrators of The Tulane Educ Fund [A] Ryan Carl Orgeron [C] Ryan Carl Orgeron
5530 Willow St	Renovation (Non-Structural) $55,660	Renovationg three units: Interior painting, exterior painting, sheetrock repair, new kitchen cabinets, new windows, flooring, new fixtures in bathrooms, tile work and new water heaters.	[O] GSM Real Estate LLC [A] GSM Real Estate LLC [C] COS Construction & Renovation, LLC
2001 Canal St	Renovation (Non-Structural) $53,667	correct violations on exterior of vacant building per Case No. 20-21707-MPM	[O] 2001 Canal Blvd LLC [A] Kirk Fabacher [C] Group IV LLC
2605 Tulane Ave [Rooftop Communications Site]	Renovation (Structural) $53,250	DISH Wireless installation of antenna and equipment to an existing rooftop location.	[O] 2601 L L C [A] Swaan Project Management, LLC [C]
818 Howard Ave	Mechanical HVAC $42,000	Install 4 mini split heads, 5 tons total, only install evaporators, not condensers.	[O] 818 Howard LLC [A] Brad Galpin [C] Building Control Systems LLC
457 N D’orgenois St	Mechanical HVAC $37,285	Commercial Kitchen renovation/addition	[O] Gce Green St Louis LLC [A] Sage David Maas [C]
703 N Broad St	Renovation (Non-Structural) $32,000	Interior Renovation: Convert dental office into Nail Salon	[O] Vmax Investment LLC [A] Paul Pham [C]
725 Saint Louis St	Renovation (Structural) $28,300	Install 6 wall ties to the exterior wall and repair damaged brick and stucco	[O] Guste Roy F ET Al [A] Abry Brothers, Inc. [C] Abry Brothers, Inc.
539 Toulouse St Unit C	Renovation (Non-Structural) $26,650	Address VCC violations at Unit C cited in case 21-06531-VCCNOP, per attached materials stamped VCC approved 07/18/2024: Remove all impermissible lighting. Remove all unused wiring. Install all remaining wiring in conduit. All conduits shall be placed along the inside corners of building surfaces as much as possible, such as along gallery/balcony purlins at the deck line, and painted to match the adjacent surfaces. Remove exterior PVC plumbing. Redirect plumbing on interior of building. Replace deteriorated bottom rail and/or double panels on first floor doors on rear of main building. All work to match existing in size, profile, dimension, reveal, exposure, material, color, and finish. Repair/replace decking at dependency stairs and balcony as needed per attached detail sheet. Paint top and sides medium gray, semigloss. Paint underside white, semigloss. Replace railings as needed at dependency stairs and balcony. All work to match existing in size, profile, dimension, reveal, exposure, material, color, and finish.	[O] 539-A Toulouse LLC [A] Gates Erika [C] Dynamic Constructors, LLC
457 N D’orgenois St	Electrical Service / Circuit / Feeder $20,015	Commercial Kitchen addition/renovation	[O] Gce Green St Louis LLC [A] Sage David Maas [C] Sage David Maas
300 Bourbon St	Mechanical Fuel Gas $20,000	Restaurant	[O] Royal Sonesta Inc [A] Millicent Ann Fayard [C] Millicent Ann Fayard
1775 Marques Rd	Electrical Repair / Replacement / Addition $20,000	NEW ELECTRICAL SERVICE ON BRIDGE	[O] Grand Marsh Chef Pass LLC [A] William C Ellis III [C] William C Ellis III
4219 Urquhart St	Accessory Structure $20,000	Agricultural Use, including installation of a greenhouse through a contractor that measures 24 by 44 feet. Working with Entergy and a licensed electrician to bring electricity and a licensed plumber is working with SWB to bring water.	[O] Zachary J George [A] Zachary J George [C] D&R Greenhouse Services, LLC
1550 Teche St	Electrical Repair / Replacement / Addition $19,277	Facility renovations at city owned playground. Adding two circuits; everything else existing to remain.	[O] The City Of New Orleans [A] Ronald Francis Jouandot [C] Ronald Francis Jouandot
201 Saint Charles Ave	Electrical Repair / Replacement / Addition $18,987	Install fixtures, switches and receptacles on 29th floor	[O] 201 St Charles Place LLC [A] ALFRED C DEUBLER, III [C] ALFRED C DEUBLER, III
612 Bourbon St	Interior Demolition $12,712	Non-structural exploratory interior demolition to assess building. No use & occupancy. Renovation requires a separate permit.	[O] Karno 613 Royal Real Estate LL [A] Zach Smith Consulting [C] JJ Costa Company, LLC
514 Dumaine St Unit 2	Renovation (Non-Structural) $12,448	Applying to replace the kitchen cabinets and appliances; no structural changes will be made.	[O] Solley Signature Properties LLC [A] Benjamin Whaley [C] Henry Anthony Haas, Brandon J Cheramie
604 Baronne St Ste 1A	Electrical Service / Circuit / Feeder $10,000	Install all 15 circuits and lighting for pizza kitchen.	[O] 604 Baronne LLC [A] Christopher Jake Laborde [C] Christopher Jake Laborde
5001 Freret St	Interior Demolition $9,400	Interior demolition of existing restaurant space. NO USE & OCCUPANCY. RENOVATION REQUIRES A SEPARATE PERMIT.	[O] 5001 Freret Street LLC [A] Rebecca Hurst [C] Construction Inc, Warwick, Warwick Construction, Inc.
500 Bourbon St	Electrical Vacancy $7,500	to get power turned on	[O] GMB Properties French QTR LLC [A] Glenn A. Cordes [C] Glenn A. Cordes
3251 Saint Ferdinand St Apt H142	Mechanical Fuel Gas $4,800	Install 30 gallon electric hot water heater. Troy Jeffreys, 504-232-7880.	[O] 3251 St Ferdinand LLC [A] Troy A. Jeffreys [C]
3251 Saint Ferdinand St Apt H141	Mechanical Fuel Gas $4,800	Install 30 gallon electric hot water heater. Troy Jeffreys, 504-232-7880.	[O] 3251 St Ferdinand LLC [A] Troy A. Jeffreys [C]
3251 Saint Ferdinand St Apt H140	Mechanical Fuel Gas $4,800	Install 30 gallon electric hot water heater. Troy Jeffreys, 504-232-7880.	[O] 3251 St Ferdinand LLC [A] Troy A. Jeffreys [C]
3251 Saint Ferdinand St Apt H139	Mechanical Fuel Gas $4,800	Install 30 gallon electric hot water heater. Troy Jeffreys, 504-232-7880.	[O] 3251 St Ferdinand LLC [A] Troy A. Jeffreys [C]
538 Bouny St	Renovation (Non-Structural) $4,490	Change of use, from jewelry store to hair salon. Add sinks , add lights , shelving, paint intrior	[O] Robert G Jr Daigle [A] Cicada Salon [C]
1902 Marengo St	Mechanical Fuel Gas $3,500	Single family per address – New gas line- Gas line pressure in place secure all penetrations complete. All rough ins complete, inspected, and passed on 7.25.22 per prior permit. This final was inspected on 8.14.24 Remarks: New Gas Line for stove – WAF & Tankless W/H Complete w/ Pressure Relief Valve & discharge line – Gas Line Pressure tesr – Holding – OK to Release Meter – Meter Increase – 350,000 BTU’s	[O] Blanque Jonathan C Blanque Meredith W [A] Charles Anthony Blanque [C] Charles Anthony Blanque
1220 Columbus St	Mechanical Fuel Gas $2,500	Run gas to stove and tankless water heater	[O] Gray Sarah V [A] Ryan O’Hara [C]
1222 Columbus St Apt A	Mechanical Fuel Gas $2,000	Run gas for 2 gas lights and 1 tankless water heater.	[O] Gray Sarah V [A] Ryan O’Hara [C]
324 Saint Joseph St	Electrical Repair / Replacement / Addition $1,850	Deckbond and run electrical for pool equipment.	[O] 320 St Joseph LLC [A] Damien Byran Bridges [C] Damien Byran Bridges
320 Saint Joseph St	Electrical Repair / Replacement / Addition $1,800	Pool deckbond and run electrical for pool equipment.	[O] 320 St Joseph LLC [A] Damien Byran Bridges [C] Damien Byran Bridges
2123 Conti St Apt 107	Electrical Service / Circuit / Feeder $1,800	upgrade	[O] Citigroup Investments LLC [A] Abukhalil Abdelraziq [C] Abukhalil Abdelraziq
2123 Conti St Apt 108	Electrical Service / Circuit / Feeder $1,800	upgrade	[O] Citigroup Investments LLC [A] Abukhalil Abdelraziq [C] Abukhalil Abdelraziq
1019 N Broad St Apt 1A	Electrical Repair / Replacement / Addition $1,500	-Upgrade Electrical work -Install new panel -New HVL -New breakers -New outlets and switches -File permit	[O] Hvar LLC [A] DESEAN EDDIE FOUNTAIN [C] DESEAN EDDIE FOUNTAIN
308 S Diamond St	Mechanical Fuel Gas $750	Gas Inspection-Entergy Leak	[O] Dixie Mill Supplyco Inc [A] Peter J Graffeo, Jr. [C]
9714 Chef Menteur Hwy	Construction Loop $650	Construction Loop	[O] 9714 Chef LLC [A] Eugene J Lawrence Jr. [C] Eugene J Lawrence Jr.
3405 Memorial Park Dr Apt B	Electrical Vacancy $500	Vacancy	[O] Preservation Housing II LLC [A] Oscar L. Carter Jr. [C] Oscar L. Carter Jr.
3738 Garden Oaks Dr Apt A	Electrical Vacancy $500	Vacancy	[O] Preservation Housing II LLC [A] Oscar L. Carter Jr. [C] Oscar L. Carter Jr.
1614 S Salcedo St	Mechanical Fuel Gas $500	gas meter out over 6 months test and inspection.	[O] Mary H Hamilton Living Trust [A] Ali Reza Mesbah [C]
201 S Broad St	Construction Loop $500	install a temp pole at construction location	[O] Anything Lucrative to Own Now LLC [A] Emmanuel Dion Christian [C] Emmanuel Dion Christian
3200 Memorial Park Dr Apt 364	Renovation (Non-Structural) $490	electrical vacancy permit – NO WORK TO BE DONE ON THIS PERMIT	[O] Bfno Properties LLC [A] Danielle Spezio [C] Bill Schell’s Electric LLC
2633 Saint Claude Ave	Mechanical Fuel Gas $450	New gas line 100 ft. 1-stove, 2-fryers, and 1-water heater	[O] Agnes M Huynh [A] Kenneth Boissiere [C] Kenneth Boissiere
723 Harmony St	Mechanical Fuel Gas $375	Six month vacancy, pressure line to be sure of no leaks, get inspection performed by City of New Orleans	[O] Emilie H Montgomery [A] Lawrence Lucas, Sr [C] Lawrence Lucas
455 S Peters St	Small Cell Installation N/A	Radio Upgrade/Swap on small cell pole @ 455 S Peters St Pole. Why: enhancing our network traffic support to provide a better service for our customers. When: Test site whenever permitted to determine quality network will provide and how long process would take. NOTE: Aesthetics will remain the same, only will be changing radio that is enclosed in the shroud.	[O] [A] AT&T OSP ENGINEERING [C] Mastec Network Solution
356 Millaudon St, 358 Millaudon St, 356 Millaudon St Apt 1A, 356 Millaudon St Apt 2A, 356 Millaudon St Apt 2B	Change of Address N/A	23-23090-RNVN Multi-Family 3-plex. CHANGE 356 Millaudon St to 356 Millaudon St Apt 1A (AM10561559, U527324) CHANGE 358 Millaudon St Apt Upft to 356 Millaudon St Apt 2A (AM10561557, U527319) CHANGE 358 Millaudon St Apt A to 356 Millaudon St Apt 2B (N631466, U385485)	[O] Shaun F Scott [A] Shaun F Scott [C]
660 Bolivar St	Small Cell Installation N/A	SB_Tailgating_SC1-High Priority Super Bowl NODE- Verizon is proposing to replace an existing No Parking sign with a 40′ wood pole. The parking sign and all equipment will be placed on the pole. There are multiple other wood poles in the vicinity.	[O] [A] Verizon Wireless (Susan Bourgeois) (Susan Bourgeois) [C]
435 S Saint Patrick St Apt 2B	Change of Address N/A	24HOME-15212 4-plex. 2 Apts facing Baudin St, 2 Apts facing S St Patrick St. CHANGE 4701 Baudin St Apt A to 4701 Baudin St Apt 1A (AM10254378) CHANGE 4701 Baudin St Apt B to 4701 Baudin St Apt 1B (AM10254379) CHANGE 4701 Baudin St Apt C to 435 South Saint Patrick St Apt 2A (AM10254380) CHANGE 4701 Baudin St Apt D to 435 South Saint Patrick St Apt 2B (AM10254377)	[O] Greenfee LLC [A] Greenfee LLC [C]
3523-3535 Magazine St, 1111 Foucher St Apt 201-Ste 3A	Change of Address N/A	22-37791-RNVS Business Use, 4 Suites. 2 Facing Magazine St, 2 Shared entry facing Foucher St. KEEP 3535 Magazine St KEEP 3523 Magazine St KEEP 1111 Foucher St HM ADD 1111 Foucher St Ste 2A ADD 1111 Foucher St Ste 3A RETIRE 1111 Foucher St Apt 201, 202, 203, 204, 205 RETIRE 1111 Foucher St Apt 301, 302, 303, 304 RETIRE 1111 Foucher St FIRE PUMP	[O] Vre 3535 Magazine LLC [A] Vre 3535 Magazine LLC [C]
1025 Decatur St	Renovation (Non-Structural) N/A	Permit to CORRECT THE RECORD for the previous existence of a residential unit as established by supporting documents. No work allowed under this permit.	[O] Alpine Properties LLC [A] Zach Smith Consulting [C]
1520 N D’orgenois St	Mechanical Fuel Gas N/A	Test system and repair leaks to file permit for out over six months.	[O] Shree Sai Properties [A] RONNIE CROSBY [C] G And R Plumbing
1200 Simon Bolivar Ave, 1202 Simon Bolivar Ave, 2050 Clio St	Change of Address N/A	24-25337-RNVN Three to Four Family 3-plex. Two Facing Simon Bolivar Ave. One Facing Clio St. KEEP 1200 Simon Bolivar Ave (AM13001263, A394076) KEEP 1202 Simon Bolivar Ave ADD 2050 Clio St	[O] Simon Bolivar and Clio LLP [A] Simon Bolivar and Clio LLP [C]

Sale records included based on the following parameters: Building and commercial land sales with a sales price that is either withheld or greater than or equal to $300,000. Multifamily sales greater than or equal to 5 units. Sale must be an arm’s length transaction (between unrelated parties). Best efforts are made to provide complete and reliable information, but accuracy is not guaranteed and the reader bears the responsibility to verify the accuracy of such information prior to forwarding it, utilizing it, or relying on it in any way.

Elifin Realty

marketing@elifinrealty.com