Canal Street Beat | New Orleans Real Estate News

River District Developers Close Phase 1 Financing for $1B Riverfront Project

July 30, 2026 • News • 85

River District Neighborhood Investors has finalized private equity financing arrangements and executed key site sub-leases for the initial phase of the $1 billion River District master plan. The joint venture—led by Lauricella Land Company, Cypress Realty Partners, and Laurel Street Residential—completed the ground-lease transfers for the first private sub-parcels across the 39-acre waterfront site along [&hellip
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ERG Enterprises Converts Landmark Prytania Street Mansion Into 15-Room Whit Hotel, Targeting Mid-Fall Opening

July 30, 2026 • News • 78

ERG Enterprises is converting a landmark Greek Revival mansion at 2127 Prytania Street into the Whit, a 15-room boutique hotel at the corner of Prytania and Jackson Avenue in the Garden District. The property is targeting a mid-fall 2026 opening. Alongside the guest rooms, the development will include a main-floor salon, private dining, and a [&hellip
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LSU Health New Orleans Launches $100M Modernization of School of Dentistry

July 30, 2026 • News • 112

LSU Health New Orleans has initiated a significant $100 million modernization project for its School of Dentistry campus, commencing with a ceremonial kickoff on July 9, 2026. This large-scale renovation will enhance clinical, teaching, and research spaces, while also introducing a new state-funded dental simulation facility. Key figures in this endeavor include Dr. David Guzick, [&hellip
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Tallest Buildings in New Orleans: Energy Centre

July 29, 2026 • News • 159

Energy Centre, the 39-story office tower at 1100 Poydras Street in New Orleans’ Central Business District, remains the fourth-tallest building in the city. The 530-foot tower entered a new financial chapter in February 2026, when owner Triangle Capital Group secured a $61 million fixed-rate, five-year loan for the property. Completed in 1984, Energy Centre contains [&hellip
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Heirloom and McEnery Co. Launch $10M Adaptive-Reuse Hotel in CBD

July 28, 2026 • News • 186

Heirloom, in partnership with The McEnery Company, has commenced an ambitious adaptive-reuse project, targeting four historic buildings at 518–526 Gravier St. in New Orleans’ Central Business District. The development, projected to cost around $10 million, will transform these structures into a nine-suite boutique hotel, utilizing historic tax credits for rehabilitation. Construction is currently underway, with [&hellip
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Flying Dolly’s Franchise Set to Open in Abita Springs by Local Operator

July 28, 2026 • News • 174

Flying Dolly’s of America has announced a franchise agreement with Anthony Essaied, the owner of Abita Brew Pub, to establish a new location in Abita Springs. The store is slated to open in September 2026, marking a significant retail expansion in St. Tammany Parish. The move signifies continued growth in private-sector retail on the Northshore. [&hellip
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Historic Uptown Compound at 1516 Robert Street Sells for $4.1M After High-End Renovation

July 27, 2026 • News • 171

A historic property located at 1516 Robert Street in New Orleans’ Uptown neighborhood sold for $4.1 million on July 7, 2026, following a comprehensive renovation. The 1911 private compound’s sale underscores the ongoing demand for restored, large-format historic homes in New Orleans’ luxury real estate market. CityBusiness recently confirmed the details of the sale, highlighting [&hellip
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$1.725M Smart Home in Kenner Leads Greater New Orleans Luxury Sales

July 27, 2026 • News • 199

A custom smart home in Kenner, located at 17 Australis Court, set the pace in Greater New Orleans luxury sales, closing for $1,725,000 on July 13, 2026. This four-bedroom property, situated within the gated Gabriel subdivision, marks the area’s top sale for the week of July 12–18. The 3,518-square-foot residence, featuring advanced smart home technology, [&hellip
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Marcus & Millichap Brokers Sale of Broussard Industrial Facility Leased to Drilling Tools International

July 26, 2026 • News • 341

Marcus & Millichap confirmed the sale of a 35,840-square-foot industrial property in Broussard, Louisiana, leased to Drilling Tools International. The transaction, announced on July 23, 2026, transferred the facility on a 10-acre site to a real estate investment trust (REIT) for more than $130 per square foot. The industrial facility, located at 1149 Smede Highway, [&hellip
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Marcus & Millichap Brokers $8.81M Sale of Covington Cardiovascular Surgery Center to Montecito Medical

July 26, 2026 • News • 221

A cardiovascular surgery center located at 2252 Watercross Parkway in Covington has been sold for $8.81 million. The transaction was brokered by Marcus & Millichap and represents a significant investment in the Northshore’s healthcare real estate market. The 10,690-square-foot facility, completed in 2025, is fully leased to a cardiovascular specialty practice staffed by eight physicians. [&hellip
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