Canal Street Beat | New Orleans Real Estate News

Element Hotel Opens as First Phase of $90M Redevelopment at 1010 Common

February 4, 2026 • News • 94

The Element New Orleans Downtown by Marriott has opened its doors at 1010 Common St., marking the first phase of a significant $90 million office-to-hotel conversion project in downtown New Orleans. Managed by Bentley Legacy, the 216-room hotel includes 86 suites and features rooms ranging from 375 to 500 square feet. This opening represents an [&hellip
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Woodward Expands with New Gulf Coast Market Leader Appointment

February 3, 2026 • News • 157

Woodward Design + Build, a prominent New Orleans-based firm, has announced its expansion into Alabama and other Gulf Coast markets by appointing Wiley Blankenship as the Gulf Coast market leader. This strategic move comes with the creation of a new senior role aimed at increasing the firm’s regional capacity and competitiveness in industrial, infrastructure, and [&hellip
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Public Auction for Willows Apartments Draws No Bidders; Next Sale Set for March

February 2, 2026 • News • 147

A U.S. marshals’ foreclosure auction for the troubled Willows Apartments in New Orleans East took place on January 30, 2026, but failed to draw any bidders. With a starting price slightly over $5 million, the auction confirmed that the complex remains in limbo due to an $11 million loan default. A follow-up sale is scheduled [&hellip
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New Orleans City Council Imposes Moratorium on Data-Center Development

January 30, 2026 • News • 281

The New Orleans City Council has enacted a one-year moratorium on data-center development throughout the city. This decision, made during a special meeting on January 29, 2026, pauses a proposed facility on Read Boulevard in New Orleans East, which had drawn significant local opposition. The council also directed the City Planning Commission to define what [&hellip
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Long & Foster taps Lacey Conway as president

January 29, 2026 • News • 220

Long & Foster Real Estate has appointed Lacey Conway as president, effective with the Jan. 28, 2026 announcement. The brokerage, one of the nation’s largest and part of HomeServices of America, said Conway will work closely with Patrick Bain, CEO and president of The Long & Foster Companies, to drive growth, culture and agent support. [&hellip
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Audubon Riverfront Park Expansion to Connect Spanish Plaza and Crescent Park by 2026

January 29, 2026 • News • 295

The Audubon Nature Institute has announced the next phase of the Goldring Woldenberg Riverfront Park, set to open in spring 2026. This new segment will provide continuous public riverfront access between Spanish Plaza and Crescent Park for the first time in generations. The project involves transforming a former Governor Nicholls Street Wharf warehouse into landscaped [&hellip
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HRI Communities Breaks Ground on $26M Touro-Shakspeare Rehab in Algiers

January 27, 2026 • News • 319

HRI Communities has officially launched the $26 million renovation of the historic Touro-Shakspeare building in Algiers, aiming to create 52 affordable senior apartments. Construction began on January 15-16, 2026, marking a significant step in transforming the long-vacant 72,000-square-foot almshouse into housing for seniors. The project involves an adaptive-reuse historic renovation, which will convert the space [&hellip
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Groundbreaking Begins at Former Naval Support Activity Site in Bywater

January 27, 2026 • News • 306

Construction has kicked off on the long-vacant Naval Support Activity East Bank site in the Bywater. The project is anticipated to be the largest affordable-housing investment in Louisiana’s history, with $197 million allocated for housing. It also features a Newlab-anchored industrial and energy innovation space. The development’s initial phase includes 294 affordable housing units, with [&hellip
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River District’s Shell Plaza Breaks Ground — First Class A Office Built in New Orleans Since 1989

January 23, 2026 • News • 519

Construction has commenced on the new Shell Plaza, an 8-story Class A office building located in the River District of New Orleans. The development marks the first major downtown office construction since 1989, providing a new Gulf of Mexico headquarters for Shell. This significant milestone was reported on January 19, 2026. The ground-breaking of Shell [&hellip
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Lender Moves to Foreclose Metairie Towers Redevelopment; Old Metairie Condo Conversion Faces Public Auction

January 22, 2026 • News • 358

A foreclosure and impending public auction threaten the Metairie Towers redevelopment at 401 Metairie Road. This decision comes after the project’s lender filed a foreclosure suit against the owner, marking a significant reversal for a high-profile condo conversion in Old Metairie. New Orleans CityBusiness reported that the lender, Bay Point Capital Partners, initiated foreclosure proceedings, [&hellip
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