Canal Street Beat | New Orleans Real Estate News

New Orleans Home Sales Surge in March as Closed Sales Jump 16.9%

April 19, 2026 • News • 104

March 2026 saw a significant upswing in the New Orleans metro area housing market, with closed residential sales increasing by 16.9% year-over-year. According to the New Orleans Metropolitan Association of Realtors, 1,037 transactions were completed during the month, and the average sales price reached $367,729, marking a 3.5% rise from the previous year. The rise [&hellip
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Tulane Launches ‘Unified Green’ Campus Project; Construction to Begin April 20 with 440,000-Gallon Stormwater Detention

April 18, 2026 • News • 134

Tulane University is set to commence construction on the final phase of its Uptown campus ‘Unified Green’ project, beginning April 20, 2026. This undertaking will physically connect Newcomb Quad and Berger Family Lawn while featuring a 440,000-gallon underground stormwater detention system, marking a significant milestone for the university and surrounding community. The ‘Unified Green’ project [&hellip
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Textron Systems to Invest $5.8M Across Slidell and New Orleans Sites, Adding 133 Direct Jobs

April 17, 2026 • News • 217

Textron Systems has announced a significant expansion across multiple sites in Southeast Louisiana, involving a $5.8 million investment focused on Slidell and New Orleans East. This development is expected to create approximately 133 direct jobs, along with 223 indirect jobs, as phased construction work kicks off in 2026. The expansion will span three existing facilities, [&hellip
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PJ’s Coffee Set to Return to Uptown with New Maple Street Location

April 16, 2026 • News • 182

Ballard Brands, owner of PJ’s Coffee, has confirmed the acquisition of the former Starbucks location at 7700 Maple St. in Uptown New Orleans. The strategic purchase marks PJ’s Coffee’s return to this bustling corner, with plans for a full renovation and reopening slated for late August or fall 2026. The purchase price remains undisclosed. Located [&hellip
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Northpark Warehouse in Covington Sold for $1.5M to Local Investor CAP3

April 15, 2026 • News • 191

A 19,200-square-foot warehouse located at 215 Park Place in Covington’s Northpark Business Park has been sold for $1.5 million. The transaction, which took place in early April 2026, was led by local investment group CAP3, marking a significant acquisition in a market with limited industrial properties. The property, previously a FedEx distribution center, highlighted the [&hellip
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The Monarch Boutique Hotel Set to Open in Historic St. Charles Location

April 14, 2026 • News • 326

The Monarch, a new 34-key boutique hotel, will welcome guests starting April 15, 2026, at 210 St. Charles Ave. in New Orleans. Developed by Bates Development and operated by sbe Entertainment Group alongside HQ Hotels & Residences Collection, this project marks a prominent private-sector conversion adding fresh room nights and F&B space to the market. [&hellip
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Investors Left Without Clear Titles After CivicSource Auctions; Orleans Judge Orders Audit

April 13, 2026 • News • 327

Local investors and buyers have voiced concerns after paying CivicSource for tax-adjudicated properties through auctions, only to be left without clear title or refunds. The situation has led to litigation, the termination of a parish contract, and a court-mandated audit, impacting numerous property transactions in the New Orleans area. Recent reports confirmed that several bidders [&hellip
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JEDCO Secures Federal Funding for New Food & Beverage Incubator at Churchill Campus

April 9, 2026 • News • 281

Jefferson Parish Economic Development Commission (JEDCO) has secured a $3.65 million federal earmark for the Greater New Orleans Food & Beverage Incubator, which will be located at the Churchill campus in Avondale. This funding increases the project’s total budget to $8.7 million, paving the way for construction to commence in the fall of 2026 with [&hellip
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Belvilla Makes U.S. Debut with The Louie in New Orleans

March 31, 2026 • News • 389

Europe-based apart-hotel operator Belvilla, owned by PRISM, has chosen New Orleans for its first U.S. market entry, taking over operations at The Louie at 300 South Rampart Street. This move marks a significant step as Belvilla begins its District 6 expansion, illustrating a growing interest in boutique hotel conversions and short-stay options in the city. [&hellip
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New Orleans Investors Acquire Walker Plaza in Livingston Parish

March 30, 2026 • News • 330

New Orleans-based investors Oliver and Louise Montagnet have acquired the Walker Plaza retail center, a 37,200-square-foot property located at 28050 Walker South Road in Walker, Livingston Parish. The shopping center is anchored by Dollar Tree and is fully occupied, marking a significant addition to the Montagnets’ real estate portfolio. The acquisition, confirmed on March 23, [&hellip
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