26 Jan The Pulse NOLA: Poydras Tower sold

Posted at 09:28h 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

1012 Harimaw Ct E, Metairie, LA 70001

Type: Industrial
Price: $1,525,000 ($96.57 / SF)
Buyer: THWG LLC
Elifin’s Notes: An industrial property changes hands within Metairie’s Labarre Business Park.

6101 Chatham Dr, New Orleans, LA 70122

Type: Land
Price: $977,500 ($8.50 / Land SF)
Buyer: DEUX SAINT LLC
Elifin’s Notes: This 2.64 acre parcel of land was formerly home to Edward Hynes Charter School.

2002 20th St, Kenner, LA 70062

Type: Office
Price: $935,000 ($64.90 / SF)
Buyer: THOMAS PROPERTY HOLDINGS LLC
Elifin’s Notes: A 16-unit, two-building office property sells near the Airport in Kenner.

27 W 23rd St, Kenner, LA 70062

Type: Industrial
Price: $600,000 ($127.66 / SF)
Buyer: MATAMOROS AUTOMOTIVE LLC
Elifin’s Notes: An industrial property changes ownership on West 23rd Street.

864 Carmadelle St, Marrero, LA 70072

Type: Multifamily
Price: $585,000 ($73,125 / Unit)
Buyer: MM RENTALS LLC
Elifin’s Notes: An 8-unit multifamily property changes ownership on Carmadelle Street in Marrero.

6800 I-10 Service Rd, New Orleans, LA 70126

Type: Land
Price: $575,000 ($0.28 / Land SF)
Buyer: K&G DEVELOPMENTS
Elifin’s Notes: This 47-acre parcel of land is the site of a former apartment complex and is being sold as a redevelopment opportunity.

29, 37 Hickory Avenue, Harahan, LA 70123

Type: Office
Price: $448,000 ($152.90 / SF)
Buyer: KITTOK RICHARD D SR
Elifin’s Notes: A two-story office property along with a gated 18-space parking lot sells in Harahan.

1509 Carroll St, Kenner, LA 70062

Type: Industrial
Price: $435,000 ($85.29 / SF)
Buyer: RIZZO INVESTMENTS LLC
Elifin’s Notes: A local entity purchases an industrial property on Carroll Street.

1536 N Claiborne Ave, New Orleans, LA 70116

Type: Office
Price: $240,000 ($92.31 / SF)
Buyer: PELLERIN SUITES LLC
Elifin’s Notes: An office property changes hands along North Claiborne Avenue.

4740 Rye St, Metairie, LA 70006

Type: Retail
Price: $175,000 ($82.51 / SF)
Buyer: VALVIS PROPERTIES LLC
Elifin’s Notes: A retail patio bar & grill property sells on Rye Street.

2401 St Maurice Ave, New Orleans, LA 70117

Type: Land
Price: $120,000 ($0.62 / Land SF)
Buyer: SAN MORITZ LLC
Elifin’s Notes: This 4+ acre parcel of land was formerly home to Hardin Elementary.

4348 Reynes St, New Orleans, LA 70126

Type: Land
Price: $100,000 ($0.59 / Land SF)
Buyer: NOLA AFFORDABLE HOUSING LLC
Elifin’s Notes: The former Barbara G. Jordan Elementary School property, totaling more than 3+ acres sells on Reyenes Street.

1476 Magazine St, New Orleans, LA 70130

Type: Mixed-Use
Price: Withheld
Buyer: IMAGINE RECOVERY NEW ORLEANS LLC
Elifin’s Notes: A mixed-use property featuring a 9-unit boutique hotel and an office space changes ownership at the corner of Magazine and Race Street.

400 Poydras St; 601 Tchoupitoulas St, New Orleans, LA 70130

Type: Office
Price: Withheld
Buyer: 400 POYDRAS TOWER LLC
Elifin’s Notes: The 32-story Poydras Center office building and garage sells to a Monroe-based entity.

6881 Parc Brittany Blvd, New Orleans, LA 70126

Type: Multifamily
Price: Withheld
Buyer: LAGUNA CREEK 2025 LLC
Elifin’s Notes: LYND, a San Antonio-based real estate company, acquires The Laguna Creek Apartments, 216-units, on Parc Brittany Boulevard.

5131 Bundy Rd, New Orleans, LA 70127

Type: Multifamily
Price: Withheld
Buyer: LAGUNA RESERVE 2025 LLC
Elifin’s Notes: LYND, a San Antonio-based real estate company, acquires The Laguna Reserve Apartments, 348-units, on Bundy Road.

12151 I-10 Service Rd, New Orleans, LA 70128

Type: Multifamily
Price: Withheld
Buyer: CARMEL SPRING 2025 LLC
Elifin’s Notes: LYND, a San Antonio-based real estate company, acquires The Carmel Spring Apartments, 400-units, near Bullard Avenue.

12341, 12345 N I-10 Service Rd, New Orleans, LA 70128

Type: Multifamily
Price: Withheld
Buyer: CARMEL BROOK 2025 LLC
Elifin’s Notes: LYND, a San Antonio-based real estate company, acquires The Carmel Brook Apartments, 548-units, in the Little Woods area.

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
1241 N Rampart St	New Construction $1,803,010	New construction of a 2 story 9900 sq. ft. hotel with four suites. All work to be done as per plans. Pool is required to have a separate pool permit.	[O] 1241 N Rampart LLC [A] Zeringue Jody [C] Bancroft Property Investments,Llc C
2275 Sanctuary Dr HM	Electrical Service / Circuit / Feeder $1,540,960	All new electrical Service and Circuits Exceeding the scope of the permit or failure to obtain the proper building permits will result in additional fees as well as delays in issuance of a certificate of occupancy, meter release, and any other remedy allowed by law. Such remedies include but are not limited to revocation of all permits for the property.	[O] Building 4 LLC [A] Larry Lee Beachler Jr. [C] Larry Lee Beachler Jr.
1431 Saint Louis St	Mechanical HVAC $1,400,000	Floor 4 of 4 which includes Split System Heat Pumps. Apt. 404-406 & 411 have 2-Ton AHU in closet. Apt.401 has 3-Ton AHU in closet. Apt. 402, 403, 407-410 have 4-ton AHU in closet. (All systems have condenser on the roof)	[O] Housing Authority of New Orleans [A] Charles K Sardi [C] RNGD Builders, LLC
1431 Saint Louis St	Mechanical HVAC $1,400,000	Floor 3 of 4 which includes Split System Heat Pumps. Apt. 303-305, 306 & 311 have 2-Ton AHU in closet. Apt.312 has 3-Ton AHU in closet. Apt. 301, 302, 307-310 have 4-ton AHU in closet. (All systems have condenser on the roof)	[O] Housing Authority of New Orleans [A] Charles K Sardi [C]
1401 Foucher St	Mechanical HVAC $759,000	Kitchen Hood and Fans Replacement.	[O] Infirmary And Hebrew Assn Touro [A] Kurt Michael Zeringue [C]
5024 Pontchartrain Blvd	Accessory Structure $604,450	Install housekeeping pad and new 500 KW generator & transfer switch	[O] Orleans Country Club New [A] Tiffany Truxillo [C] Jos. R. Labadot
1100 N Peters St	Renovation (Non-Structural) $463,725	Interior fit-out of 970sf kitchen and adjacent 209sf open air serving space accessory to a park. Dining occurs within the park and adjacent open-air shed not part of this project. Occupancy of facility will be under separate permit.	[O] [A] Edr Architects [C] Broadmoor LLC
2401 Westbend Pkwy	Mechanical HVAC $425,000	REPLACEMENT OF (2) 200 TON AIR COOLED CHILLERS	[O] Orleans Parish School Board [A] Arthur Joseph Bouchon [C]
2408 Bartholomew St, 2406 Bartholomew St, 2406 Bartholomew St Apt A, 2406 Bartholomew St Apt B, 2408 Bartholomew St Apt A, 2408 Bartholomew St Apt B	New Construction $150,000	New construction of Small Multi-Family Affordable Dwelling as per plans. In accordance with 20.3.SSS of the CZO Multifamily two-story, 8 beds, 4 full baths, 3072 square foot Each building requires a permit.	[O] J & B Home Investments LLC [A] Brandon Jones [C] Brandon Jones, J & B Home Investments LLC
6000 Bullard Ave	Renovation (Structural) $145,000	Install new exterior door in return storage, install new exterior liquor door, install new vision center vestibule door, relocate existing equipment in VC vestibule, install new interior door in breakroom, and revise door hardware in vision center.	[O] [A] Galloway & Company, Inc. [C] Stuart & Company General Contractors, LLC
2820 Napoleon Ave	Electrical Service / Circuit / Feeder $125,094	Provide and install light fixtures, receptacles, and fire alarm for MRI room renovation	[O] Ocf Medical Facilities II Inc [A] Keith M Descant [C] AQ Studios, Pillar Building, LLC, Keith M Descant
1502 N Derbigny St	Renovation (Non-Structural) $104,840	THE FIRST FLOOR OF THE BUILDING IS AN EXISTING OPEN OFFICE SPACE. THIS INTERIOR RENOVATION WILL PARTITION THE FIRST FLOOR INTO FIVE SMALL OFFICES TO BE RENTED OUT FOR A WORKSHARE BUSINESS. THE UPPER LEVEL IS EXISTING RESIDENTIAL APARTMENTS TO REMAIN, AND IS NOT WITHIN THE SCOPE OF WORK. NOTE THERE IS NO CHANGE OF USE, NO CHANGE IN SQUARE FOOTAGE AND NO STRUCTURAL WORK TO BE PERFORMED.	[O] Cyypostate LLC [A] Cicada [C] Image By Design Consulting & Construction LLC
635 Gordon St	Renovation (Non-Structural) $96,476	Exterior and Interior Renovation (Non Structural) Permit to Transform home into a Residential Care Facility	[O] Magee Israel O [A] Ortego Enterprises LLC [C] Heath Gomez
533 Saint Maurice Ave	Mechanical HVAC $89,345	Install (1) 4-ton a/c system and (2) 5-ton a/c systems with electric heat	[O] St Margaret Square LLC [A] Wilfred E Lewis, Jr [C] Wilfred E Lewis, Jr
5333 Magazine St	Renovation (Structural) $81,283	EXISTING FIRST FLOOR – OFFICE SECOND FLOOR – 2 ABANDON APARTMENTS PROPOSED FIRST FLOOR – OFFICE SECOND FLOOR – OFFICE	[O] LBP Real Estate LLC [A] Charles Neyrey [C]
2700 La Salle St	Electrical Service / Circuit / Feeder $63,150	Service Upgrade.	[O] 2700 Lasalle St LLC [A] Jeffrey David Cantin [C] Jeffrey David Cantin
1919 Martin Luther King, Jr Blvd Apt 2A-Apt 2B	Renovation (Structural) $60,900	Framing of bedroom and bathroom walls, Electrical and plumbing /Mini split system (2ton) Insulation/Drywall and Paint, Tile, Cabinet, Doors and trim 2 Dwelling, Above the Ground Floor units	[O] [A] Burbank Louis [C] Burbank Builders, LLC
523 Dumaine St	Renovation (Non-Structural) $55,660	Relocation of five existing HVAC units.	[O] Bopp Enterprises#I LLC [A] West Studio [C]
240 Royal St	Mechanical HVAC $53,750	Replacing 2 HVAC systems and ducts	[O] Sissy’s Royal Street Property LLC [A] David Lavie SR [C] David LaVie’s Air Conditioning, LLC
229 Royal St	Renovation (Structural) $41,000	Application to remove non-original first floor storefront and replace first floor storefront with new wood storefront to match the existing of neighboring buildings. This application also proposes restoring the original 2 inner columns that have been removed in previous renovations, with cast aluminum columns cast to replicate the existing 2 original outer columns. The second-floor Art Facade will remain as is.	[O] [A] John C Williams [C] BEVA Construction
5100 Pontchartrain Blvd	Mechanical HVAC $28,800	remove & replace (2) 5 ton condensers, (2) 5 ton heaters with 60k btu and (2) 5 ton evaporator coils	[O] Metairie Cemetery Assoc [A] Bryan Michael Granier [C]
1600 Saint Bernard Ave	Renovation (Non-Structural) $23,000	We must apply for a building permit to change the use of this building from VACANT/THE PRIOR USE to Standard Restaurant at 1600 Saint Bernard Ave. Minor interiror works, cabinets, flooring, counter tops. ceiling tiles. plumbing and electrical work.	[O] [A] SAFE KIT [C] B.J.C. Construction,Inc, RONNIE C CROSBY, Richard Anthony Cook Jr.
240 Royal St	Electrical Service / Circuit / Feeder $19,500	Electrical wiring	[O] Sissy’s Royal Street Property LLC [A] Nicholas Spencer Hummel [C] Nicholas Spencer Hummel
1803 Louisiana Ave	Renovation (Non-Structural) $18,000	This permit is for the left side elevation of the commercial building, where there has been some water intrusion. We will install gutters, power-wash and paint the concrete wall to seal it from moisture issues. So gutters, and paint are the only thing we are doing on this building, nothing else. Non-structural.	[O] Laurita Barras [A] Franklin Design LLC [C] Jarrod Franklin, Franklin Design LLC
203 Chartres St	Electrical Service / Circuit / Feeder $16,250	Need disconnect and reconnect service. All work and inspections completed under Permit # 24-23910-SERV, 201 Chartres St. Change of address to 203 Chartres was completed under permit #26-01115-ECOA Edgar Young 504-813-0256.	[O] Blue Capital Property Managem LLC [A] Edgar NMI Young, Jr. [C] Edgar NMI Young, Jr.
168 Harbor Cir	Electrical Service / Circuit / Feeder $15,000	installing new 3 phase service of the one that was stolen off building Exceeding the scope of the permit or failure to obtain the proper building permits will result in additional fees as well as delays in issuance of a certificate of occupancy, meter release, and any other remedy allowed by law. Such remedies include but are not limited to revocation of all permits for the property.	[O] New Hope Homes LLC [A] Salvador J. Ditta [C] Salvador J. Ditta
2825 Urquhart St	Electrical Service / Circuit / Feeder $15,000	Install Tmobile equipment on existing cell tower: Install NEW PLATFORM, Install footers for platform, Install HPL3.1 and battery, Install 1 AMID, Install 2 LED motion worklight/GFCI, Install FSEE, Install ground ring, Install PPC, Install ice bridge and posts 10’, Install Hframe x2, Install VB, Install telco box, install 200 amp meter.	[O] Mardi Gras Preservation Society LLC [A] LEE MICHAEL HULIN [C] LEE MICHAEL HULIN
3205 Orleans Ave	Mechanical HVAC $11,500	Replacement of a 5 Ton Horizontal Furnace, Evaporator, Coil, And Condenser. Relocate Condenser to Roof.	[O] 3201 Orleans Ave LLC [A] Ross Carroll Rouyer [C] Ross Carroll Rouyer
700 S Carrollton Ave	Electrical Sign $8,729	CONNECT TO EXISTING ELECTRICAL FEED	[O] Homstd &Savings Assn Hibernia [A] Casper Phillip Gelbke III [C] A-1 Signs Inc
3039 Conti St	Accessory Structure $8,000	INSTALLATION OF SMALL MICROWAVE ANTENNA ONTO AN EXISTING TELELCOMMUNICATIONS TOWER.	[O] David A Caruso [A] SMW Engineering [C] General Telecom, Inc.
1228 Monroe St	Electrical Service / Circuit / Feeder $6,200	Wire up house	[O] Hanley Homes LTD [A] Tuong Xuan Nguyen [C] Tuong Xuan Nguyen
1226 Monroe St	Electrical Service / Circuit / Feeder $6,200	Wire up house	[O] Hanley Homes LTD [A] Tuong Xuan Nguyen [C] Tuong Xuan Nguyen
941 Julia St	Renovation (Non-Structural) $5,000	Construction of courtyard fence and gate only	[O] Hadrian Properties LLC [A] Archetype LLC [C] Brent Theriot
438 Canal St	Mechanical Fuel Gas $2,500	Relocate gas line for new hood location and equipment. 4xfryers 1x steamer 1 x stove	[O] Quarter Holding LLC [A] Leroy Laporte Jr [C]
3633 Fairmont Dr	Electrical Service / Circuit / Feeder $2,300	Reconnect & Repairs to Meter Pan, ONLY NO alterations to Panel Existing	[O] Arthur B III Mitchell [A] Gerald L.udwig Stawski Jr. [C] Gerald L.udwig Stawski Jr.
1750 Saint Charles Ave Unit 405	Renovation (Non-Structural) $1,540	Changing tub to shower	[O] Karen Walk, Foberg Kenneth Allan, The Rutherford Revocable Trust, Cohen Family LLC, Evelyn S Battiste, Fischman Nathan Harvey, K Nancy Litwin, Peter R Kastl, Sandra Breland McNamara, Dianne S Gaines, William B Ahearn, Cindy T Cenac, Elisa Arensman Sc [A] Gregory John West [C] West Plumbing LLC
4480 Dauphine St	Construction Loop $1,500	Construction of Temp Power for project.	[O] The City Of New Orleans [A] Jeremy Chase Martin [C] Jeremy Chase Martin
1104 Clouet St	Mechanical Fuel Gas $1,400	Installation of 1 stove and 1 Gas Fryer	[O] Sunfine & Byrdie LLC [A] Timothy Robert Francks [C]
3631 Fairmont Dr	Electrical Service / Circuit / Feeder $1,300	Reconnect Repairs, replace meter pan,	[O] Arthur B III Mitchell [A] Gerald L.udwig Stawski Jr. [C] Gerald L Stawski Jr
7221 Zimpel St Apt 1B	Mechanical Fuel Gas $1,000	install electric water heater	[O] Endeavor Partners LLC [A] David L Bertucci [C] David L Bertucci
7221 Zimpel St Apt 1C	Mechanical Fuel Gas $1,000	install electric water heater	[O] Endeavor Partners LLC [A] David L Bertucci [C] David L Bertucci
7221 Zimpel St Apt 1A	Mechanical Fuel Gas $1,000	install 1 electric water heater	[O] Endeavor Partners LLC [A] David L Bertucci [C] David L Bertucci
7221 Zimpel St Apt 2A	Mechanical Fuel Gas $1,000	install electric water heater	[O] Endeavor Partners LLC [A] David L Bertucci [C] David L Bertucci
4545 Macarthur Blvd	Mechanical Fuel Gas $1,000	Pressure test gas linefor leaks to get meter back installed	[O] Bella Zoya Properties LLC [A] Christopher Michael Lynch [C] Christopher Michael Lynch
1905 Bordeaux St, APT B	Electrical Service / Circuit / Feeder $985	REPAIR/REPLACE METER PAN LUG DAMAGE RECONNECT CIRCUITS	[O] Craig H Tolbert [A] Drew Michael Hosli [C]
1938 Louisiana Ave, Temporary Construction Loop	Construction Loop $750	File a permit application for a Temporary construction Loop	[O] Jacob D Slayden [A] Gerald L.udwig Stawski Jr. [C] Gerald L.udwig Stawski Jr.
310 S Rampart St	Electrical Service / Circuit / Feeder $750	Convert a multifamily apartment building into a three-story hotel. Remove excess meters. See Change of Use permit 24-10569-RNVN	[O] Dear Rampart LLC [A] Christopher Jake Laborde [C] Christopher Jake Laborde
3644 Johnny Jackson Jr Blvd	Mechanical Fuel Gas $650	INSTALL NEW 40 GALLON ELECTRIC WATER HEATER.	[O] Louisa Street Church of Christ [A] Jamal Donnell Every [C]
4201 Dauphine St	Mechanical Fuel Gas $600	Reactivate gas after vacancy	[O] Sass Leslie Jr [A] RASEM WADE HAMED [C] RASEM WADE HAMED
1016 Pacific Ave	Mechanical Fuel Gas $500	Six month gas vacancy	[O] Fournette Brothers Landscaping LLC [A] John Allen Lockett [C]
2119 Danneel St	Electrical Vacancy $500	6 Month vacancy inspection Exceeding the scope of the permit or failure to obtain the proper building permits will result in additional fees as well as delays in issuance of a certificate of occupancy, meter release, and any other remedy allowed by law. Such remedies include but are not limited to revocation of all permits for the property.	[O] Armshaw LLC [A] Mohamad Ardekani [C] Mohamad Ardekani
2311 Saint Anthony St Apt 1A	Construction Loop $500	Construction loop for renovation	[O] Kairos Investments LLC [A] Neil Paul Duplessis, Jr [C] Neil Paul Duplessis, Jr
1605 Esplanade Ave	Construction Loop $500	Install power pole for demolition	[O] 1605 Esplanade LLC [A] Samuel Madison Tillman [C] Samuel Madison Tillman
111 Decatur St	Electrical Service / Circuit / Feeder $500	Meter Repair	[O] 509 Canal Street LLC, Bluegreen Louisiana LLC, Bluegreen Louisiana LLC ET Al, 509 Canal St LLC [A] Larry Lee Beachler Jr. [C] Larry Lee Beachler Jr.
8612 Chef Menteur Hwy	Mechanical Fuel Gas $450	GAS LEAK	[O] Faith Impact Ministry Incorporated [A] Wayne Jude Encalarde, Sr. [C] Wayne Jude Encalarde, Sr.
6432 Baccich St	Electrical Vacancy $450	6 month vacancy	[O] Franklin Eddie D Jr [A] Kevin Anthony Blazio, Sr [C] Kevin Anthony Blazio, Sr
2825 Saint Charles Ave Apt A204	Electrical Vacancy $450	check unit file for vacancy	[O] Sean & Scottllc [A] Drew Michael Hosli [C] Drew Michael Hosli
6023 Mandeville St	Mechanical Fuel Gas $400	6 months gas test. Troy Jeffreys. 504-232-7880.	[O] Elaine B Yost [A] Troy A. Jeffreys [C]
2003 S Carrollton Ave	Electrical Service / Circuit / Feeder $400	Emergency reconnect , repair stem to meter box, from fallen tree. No circuits involved.	[O] Duhon Joshua D [A] Troy Mervin Rawlins [C]
2001 S Carrollton Ave	Electrical Service / Circuit / Feeder $400	Emergency reconnect, repair stem to meter box from fallen tree No circuits involved	[O] Duhon Joshua D [A] Troy Mervin Rawlins [C] Troy Mervin Rawlins
1326 Dublin St	Mechanical Fuel Gas $350	6 month gas inspection	[O] Jimmys Holdings LLC [A] Jack O Wilson, Jr [C] Jack O Wilson, Jr
2016 Cadiz St Apt 2A	Electrical Vacancy $250	Vacancy inspection.	[O] Cameron Michael Zeringue Leblanc [A] David Paul Quatrocci, Sr. [C] David Paul Quatrocci, Sr.
1029 Ninth St	Renovation (Non-Structural) N/A	Change of Use to Hair Salon. Mixed Use building: one Commercial Unit downstairs (1029), one Residential unit upstairs (1027). Plumbing work- changing plumbing fixtures- being done under this permit.	[O] Sundmaker Investment Properties LLC [A] Ami Ard [C]
2104 Magazine St	Re-Roofing N/A	Re-Roof commercial PLEASE NOTE: Re-roofing permits DO NOT require an inspection from Safety and Permits, instead please upload the following photos to this permit PHOTOS REQUIRED 4 geotagged photos (one from each side) showing: • Removal of existing roof material • Installation of water intrusion resistant underlayment • Installation of the drip-edge and flashing • Installation of shingles or metal panels　 Once all applicable photos have been uploaded to the permit by the applicant, they must email requesting permit closure. http://onestopapp.nola.gov/ City of New Orleans \| One-Stop Shop Permitting & Licensing	[O] 2104 Mag LLC [A] E & A Home Improvement LLC [C] E & A Home Improvement LLC
2531 S Claiborne Ave	Float N/A	Krewe of Rex Mardi Gras floats needed for electrical inspections. 30 Floats	[O] School Of Design [A] James Joseph Crowley, Jr. [C]
2141 S Roman St	Float N/A	Krewe De” Tat Mardi Gras Floats for electrical inspections 26 floats	[O] Krewe D’etat Le [A] James Joseph Crowley, Jr. [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.

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