Canal Street Beat | New Orleans Real Estate News

RiseImpact Capital Buys 178-Year-Old Lower Garden District Church for $3M Office Conversion

July 6, 2026 • News • 79

Robert Lay, founder of New Orleans-based RiseImpact Capital, has purchased the former St. Theresa of Avila Church at 1401 Erato Street in the Lower Garden District and plans to convert the nearly 7,000-square-foot building into the firm’s permanent headquarters. Lay bought the property from St. Theresa of Avila Parish Inc. earlier this month in a [&hellip
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Private Investor Signs 50-Year Lease on Historic Sacred Heart Block Along Canal Street in Mid-City

July 4, 2026 • News • 330

A private investor has signed a 50-year ground lease on the former Sacred Heart of Jesus Catholic church and school campus, securing control of an entire city block bounded by Canal, South Lopez, Cleveland and South Rendon streets in Mid-City. The transaction, executed through the Archdiocese of New Orleans, was not publicly announced. Financial terms [&hellip
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New Owners of One Canal Place File for Chapter 11 Just 10 Weeks After $28M Purchase

July 3, 2026 • News • 517

The new owners of One Canal Place, the 32-story Class A office tower at 365 Canal Street, filed for Chapter 11 bankruptcy protection on June 5 in New Jersey — less than three months after purchasing the building for $28 million. Brothers Michael and David Shabsels, New York-based investors who acquired the property through a [&hellip
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Omni’s $600M Convention Center Hotel Clears Zoning Vote, But Tax Fight Is Just Beginning

July 3, 2026 • News • 249

The New Orleans City Council voted unanimously on June 24 to advance zoning changes needed for a 1,000-room, 27-story Omni Hotels & Resorts hotel on Convention Center Boulevard — the largest hotel project proposed in New Orleans in nearly 50 years. The council directed the City Attorney’s Office to draft an overlay zoning ordinance that [&hellip
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Tulane University to Lead Redevelopment of Charity Hospital

July 2, 2026 • News • 243

Tulane University has signed a purchase-and-sale agreement to acquire the former Charity Hospital in downtown New Orleans, a significant step as it transitions from an anchor tenant to the owner and lead developer of the site. The redevelopment is set to transform the historic building into a 1-million-square-foot bioscience hub, with over 650,000 square feet [&hellip
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French Quarter Businesses Sue SWBNO Over Decatur Street Closures

July 2, 2026 • News • 228

Several long-standing French Quarter businesses have initiated a civil lawsuit seeking a court order to compel the Sewerage & Water Board of New Orleans (SWBNO) to reopen certain blocks of Decatur Street and expedite construction work. The lawsuit, filed on June 26 in Orleans Parish Civil District Court, aims to address concerns over prolonged construction [&hellip
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QED Hospitality Acquires Broussard’s, Adding 106-Year-Old French Quarter Institution to Growing Portfolio

July 1, 2026 • News • 313

Chef Brian Landry and hospitality executive Emery Whalen, co-founders of New Orleans-based QED Hospitality, have purchased Broussard’s Restaurant at 819 Conti Street in the French Quarter. The sale was confirmed by Creole Cuisine Restaurant Concepts, which had owned and operated the property for the past 13 years after acquiring it from its previous operators in [&hellip
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Chick-fil-A Opens Drive-Thru Focused Location in Gretna

July 1, 2026 • News • 249

Chick-fil-A has launched a new drive-thru-focused restaurant at 83 Westbank Expressway in Gretna, marking a significant addition to the area’s retail landscape. The opening day on June 11, 2026, saw over 1,500 transactions, demonstrating strong demand from the local community. The privately funded location is owned and operated by Sarah Triplett, who also manages Chick-fil-A [&hellip
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Demolition Resumes at DeGaulle Manor in Algiers After Years of Legal Battles

June 30, 2026 • News • 284

Demolition has resumed at the DeGaulle Manor site in Algiers, marking a significant development in a long-standing dispute. City crews have returned to the large, privately owned parcel, clearing it for potential redevelopment after years of legal and regulatory hurdles. The revival of demolition efforts follows numerous court cases and a history of blight that [&hellip
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Valentino Family Buys Maison Dupuy, Plans $13M Overhaul and Hilton Curio Rebrand

June 30, 2026 • News • 327

Valentino New Orleans Hotels has purchased the 200-room Maison Dupuy at the corner of Toulouse and Burgundy streets in the French Quarter, acquiring the property from the estate of developer Joe Jaeger, who had owned and operated the hotel for nearly a decade. The deal closed earlier this month, with terms not disclosed. The Valentino [&hellip
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