Canal Street Beat | New Orleans Real Estate News

Fidelity Bank Names Three Senior VPs, Expands Commercial Banking in New Orleans

July 14, 2026 • News • 100

Fidelity Bank has appointed Jay Garrett, Michael Franklin, and Brett Means as senior vice presidents, effective July 8, 2026. This move by the $1 billion regional lender is set to bolster commercial banking capabilities in New Orleans, particularly in the commercial real estate sector. Brett Means, now serving as the Senior Vice President and Commercial [&hellip
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Federal Judge Approves $3M Settlement for Former Tenants of The Willows Apartment Complex in New Orleans East

July 13, 2026 • News • 131

A federal judge has approved a $3 million settlement for former tenants of The Willows Apartments, located in New Orleans East, as part of a class-action lawsuit over unsafe living conditions. This decision, confirmed on July 9, 2026, marks a significant resolution in the ongoing dispute involving landlord liability and health standards at the multifamily [&hellip
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LMHE Selects SSA Group as Retail Operator for New Orleans Museum

July 13, 2026 • News • 176

The Louisiana Music & Heritage Experience (LMHE) has entered a 10-year agreement with SSA Group to manage its retail operations at the planned museum in New Orleans’ River District. This strategic partnership aims to bolster the revenue model for both the museum and the broader River District development. Announced within the last two weeks, the [&hellip
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Omni Royal Orleans Enters Final Phase of Two-Year French Quarter Renovation as Guest Room Overhaul Begins This Summer

July 13, 2026 • News • 226

The Omni Royal Orleans has been quietly undergoing one of the most comprehensive renovations in the French Quarter’s recent hospitality history, and with the public-space phases now complete, the hotel’s 345 guest rooms and suites are slated to begin their own transformation this summer. The property at 621 St. Louis Street — a AAA Four [&hellip
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BankPlus Reopens Metairie Branch on Veterans Boulevard

July 12, 2026 • News • 160

BankPlus has reopened its Veterans Boulevard branch in Metairie with a ribbon-cutting ceremony on July 8, 2026, marking the end of a lengthy reconstruction period after a fire devastated the location. This reopening restores the bank’s presence on a key commercial corridor in Jefferson Parish, benefiting local retail dynamics. The branch reopening event drew the [&hellip
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MCBANK Expands Downtown Headquarters with New Lease

July 12, 2026 • News • 242

MCBANK has taken an important step to expand its downtown New Orleans headquarters by executing a lease for additional office space. This move underscores the ongoing demand for corporate office space in the Central Business District (CBD). The expansion was reported by both Biz New Orleans and New Orleans CityBusiness within the past week. They [&hellip
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New Orleans City Council OKs 40-Year PILOT for Rivana Apartments

July 11, 2026 • News • 199

New Orleans City Council has approved a 40-year Payment-In-Lieu-Of-Taxes (PILOT) agreement for the Rivana Apartments, a $100 million, 220-unit mixed-income development in the River District. The vote, which took place on July 10, passed with a 6-1 majority, advancing a key phase of the River District’s housing plan linked to the Ernest N. Morial Convention [&hellip
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Homer Foundation Acquires Bohn Ford Building on South Broad for $8 Million, Giving Odyssey House Full Ownership of Its Renovated Landmark Home

July 10, 2026 • News • 246

The fundraising arm of Odyssey House Louisiana has purchased the former Bohn Ford building at 2700 S. Broad Street for $8 million, acquiring full ownership of a century-old landmark that the addiction treatment nonprofit has occupied since a nearly $18 million historic renovation was completed in 2019. The deal, finalized last week by the Homer [&hellip
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Terrytown Cafe to Close After 41 Years Following Building Sale

July 10, 2026 • News • 153

Terrytown Cafe, a longtime fixture on the West Bank in Jefferson Parish, will shutter its doors after 41 years. The closure comes as a result of the building’s sale, with the new owner choosing not to renew the cafe’s lease. This change underscores the impact of private property actions on local small businesses. The announcement [&hellip
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New Orleans Apartment Rents See Significant Uptick in June 2026

July 9, 2026 • News • 296

The New Orleans metropolitan area experienced its most significant one-month increase in apartment rents in more than two years during June 2026, according to a report by CoStar Analytics released on July 8. The data indicates a stronger pricing environment for landlords, driven by limited new supply and increased demand, particularly at the higher end [&hellip
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