Canal Street Beat | New Orleans Real Estate News

JEDCO Rebrands Churchill Park as Churchill Innovation & Research Campus

October 19, 2026 • News • 124

JEDCO has unveiled the new Churchill Innovation & Research Campus (CIRC) in Avondale’s Churchill Technology & Business Park, rebranding the expansive 480-acre site with an eye towards economic development. This strategic move highlights the area’s LED site certification and its recent REDI Sites Gold designation, which is expected to enhance its attractiveness to private investors [&hellip
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Tecovas Opens 3,000 SF Magazine Street Store Friday, Taking Corner Space Vacated by Pilot & Powell

October 19, 2026 • News • 174

Austin-based western wear retailer Tecovas is opening its first New Orleans store at 3901 Magazine Street, with a grand opening scheduled for Friday, October 23. The 3,000-square-foot space sits on a corner of the Magazine Street retail corridor and was previously occupied by Pilot & Powell, the local boutique that has relocated several blocks away [&hellip
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NOMAR and NAR Data Point to a Flat but Stable New Orleans Market Heading into the Fourth Quarter

October 18, 2026 • News • 315

Residential listings across the ten-parish New Orleans metropolitan area held essentially unchanged over the past year, with 1,629 new listings recorded in August 2026 against 1,636 in August 2025. The figures come from the New Orleans Metropolitan Association of Realtors’ most recent Local Market Update and describe a market that has stopped moving in either [&hellip
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New Orleans Hotels See Over 20% RevPAR Increase During October Weekend

October 18, 2026 • News • 312

New Orleans was one of three U.S. hotel markets to experience significant gains in revenue per available room (RevPAR), with an increase of over 20% during the October 4-10 period. CoStar’s recent report highlights this spike, attributed to the Columbus/Indigenous Peoples Day weekend, marking it as the strongest weekend performance of 2026. This resurgence in [&hellip
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Soniat House Sells to Dallas Buyer, Putting 30-Key French Quarter Hotel in Out-of-State Hands

October 17, 2026 • News • 490

The Soniat House, the 30-room boutique hotel occupying a run of 1830s Creole townhouses on Chartres Street in the lower French Quarter, has sold to a Dallas-based buyer. Gordian Knot LLC recorded the acquisition of the assembled property at 1130, 1133, 1135, 1137 and 1138 Chartres Street in the week ending October 3. The price [&hellip
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DDD Releases 2027–2031 Strategic Plan and New Brand, Targeting Vacant Storefronts and Downtown Housing

October 17, 2026 • News • 557

The Downtown Development District unveiled a new brand identity and released its 2027–2031 strategic plan, titled Leveraging Opportunity, on October 15 at the New Orleans Board of Trade. The plan sets the organization’s priorities for the next five years, with filling vacant ground-floor storefronts and expanding downtown housing among the central objectives. The release took [&hellip
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Federal Historic Tax Credit Boosts Louisiana Rehabilitation Investment to $252.1M in FY2025

October 16, 2026 • News • 656

The National Park Service’s recent release of its Annual Report on the Economic Impact of the Federal Historic Tax Credit for Fiscal Year 2025 highlights significant investment in Louisiana. The report shows that federal historic tax credits supported an estimated $252.1 million in rehabilitation investment across the state, with strong implications for New Orleans developers [&hellip
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Benson’s BankPlus Tower Purchase Came Out of Hertz Liquidation; Tower to Become Her Downtown Headquarters

October 16, 2026 • News • 715

Gayle Benson’s acquisition of the 36-story BankPlus Tower at 909 Poydras Street came out of a court-ordered liquidation of Hertz Investment Group’s national office portfolio, and the building carried close to $40 million in outstanding debt at the time of the sale. Benson intends to relocate her main office and several departments into the tower, [&hellip
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French Market Restaurant Ceiling Collapse Sparks Dispute with SWBNO

October 15, 2026 • News • 801

On October 4, part of the dining-room ceiling at the French Market Restaurant and Bar in New Orleans’ French Quarter collapsed, leaving a shoebox-sized hole and causing visible cracks. Restaurant owner Christina Marullo attributes the damage to continual vibrations and truck impacts from the Sewerage & Water Board of New Orleans’ (SWBNO) ongoing Decatur Street [&hellip
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City Council Cuts Inclusionary Zoning Fee 97% to $10,000 After Mandate Produces Zero Apartment Units in Six Years

October 15, 2026 • News • 831

The New Orleans City Council voted unanimously on October 1 to cut the fee developers pay to opt out of the city’s affordable housing set-aside requirement from $304,810 per unit to $10,000, a 97 percent reduction that follows six years in which the mandate produced no affordable apartment complexes at all. The Mandatory Inclusionary Zoning [&hellip
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