Canal Street Beat | New Orleans Real Estate News

Forestwood Apartments in Slidell Sells for $5M, or $53,191 Per Unit, Ending a Decade of Arizona Ownership

November 10, 2026 • News • 53

Forestwood Apartments, a 94-unit garden complex on five acres at 2700 Mary Street in Slidell, has sold for $5 million to Forestwood Apartments LLC, a Louisiana-based entity. The transaction worked out to $53,191 per unit and recorded in the week before November 9. The seller was an Arizona apartment investor that had owned the property [&hellip
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Mayor Moreno Proposes 2027 Referendum for Infrastructure Fee on Tax-Exempt Properties

November 10, 2026 • News • 45

Mayor Helena Moreno recently proposed a 2027 referendum to introduce an infrastructure fee on tax-exempt properties in New Orleans. This move aims to address the sizable amount of property exempt from taxation, including those owned by nonprofits, universities, and hospitals. Moreno’s proposal follows a report from the Bureau of Governmental Research (BGR), which highlighted that [&hellip
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HNOC Launches $35M Campaign to Restore and Reimagine French Quarter Campus

November 10, 2026 • News • 50

The Historic New Orleans Collection (HNOC) has initiated the public phase of a $35 million capital campaign to restore its 533 Royal St. campus in the French Quarter. This redevelopment will transform seven historic buildings and five courtyards into expanded galleries, educational spaces, and a historic house museum, significantly enhancing public access. Announced on November [&hellip
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BGR Finds 37% of New Orleans Real Estate Value Is Tax-Exempt, Recommends Infrastructure Fee on Exempt Owners

November 8, 2026 • News • 426

Roughly $2.74 billion in New Orleans real estate assessed value, or 37 percent of the total, was exempt from property taxes in 2025, according to a report the Bureau of Governmental Research released November 5. The study, titled Off the Rolls: Managing the Impacts of Tax-Exempt Property in New Orleans, updates BGR’s 1996 analysis of [&hellip
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Four Seasons New Orleans to Open Trattoria Varco on Riverfront

November 8, 2026 • News • 419

The Four Seasons Hotel & Residences New Orleans will open Trattoria Varco on November 13, 2026, adding a new riverfront dining venue to its luxury accommodations. Located on the fifth floor, the restaurant will enhance the hotel’s food and beverage offerings as part of a significant privately owned property at a key tourism location. The [&hellip
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OnPath Credit Union to Move Headquarters to 5.5-Acre Mandeville Campus, Bringing 143 Jobs Across the Lake

November 8, 2026 • News • 417

OnPath Credit Union plans to relocate its corporate headquarters from Metairie to a new operational campus on 5.5 acres at 1625 W. Causeway Approach in Mandeville. The campus will house about 143 employees, with room to add positions as the credit union grows, and OnPath is targeting completion in the first quarter of 2027. The [&hellip
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City Council Approves PILOT for $625M Omni Headquarters Hotel, Clearing Final Tax Vote Before Groundbreaking

November 8, 2026 • News • 475

The New Orleans City Council approved a payment-in-lieu-of-taxes agreement for the planned Omni headquarters hotel on November 5, settling the property tax treatment for the $625 million project adjacent to the Ernest N. Morial Convention Center. The resolution, introduced by Council Vice President Matthew Willard, finalizes one of the two council votes the project still [&hellip
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Gayle Benson’s GMB Properties Acquires The Windsor Court Hotel in Downtown New Orleans

November 8, 2026 • News • 457

Gayle Benson, owner of the New Orleans Saints and Pelicans, has acquired The Windsor Court hotel through her company, GMB Properties. This significant transaction involves the 314-room luxury hotel located in downtown New Orleans, marking a notable transfer to local ownership. The acquisition was confirmed by CoStar News on November 6, 2026, although the purchase [&hellip
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NAR NXT Conference to Welcome ~10,000 Real Estate Professionals to New Orleans

November 6, 2026 • News • 761

The National Association of REALTORS is set to host the NAR NXT conference at the Ernest N. Morial Convention Center in New Orleans from November 6-8, 2026. The event is expected to draw roughly 10,000 real estate professionals, significantly impacting local hotels, restaurants, and commercial real estate sectors. With over 200 sponsors and exhibitors, the [&hellip
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Crew Hospitality Selected to Operate Restaurant and Bar in Goldring Woldenberg Riverfront Park Pavilion

November 6, 2026 • News • 746

Crew Hospitality, the New York-based group founded by New Orleans natives Alex and Miles Pincus, has been selected to develop and operate a new restaurant and bar inside the pavilion at Goldring Woldenberg Riverfront Park. The group is targeting a spring 2027 opening for the venue, which sits along the Mississippi River at the foot [&hellip
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