Canal Street Beat | New Orleans Real Estate News

BGR Finds 37% of New Orleans Real Estate Value Is Tax-Exempt, Recommends Infrastructure Fee on Exempt Owners

November 8, 2026 • News • 24

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 • 23

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 • 29

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 • 36

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 • 29

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 • 420

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 • 406

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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Phoenix Grappling Academy Opens Inside Premier Fitness in Metairie

November 5, 2026 • News • 620

Phoenix Grappling Academy, founded by Chuck and Shana Stall, has officially opened its doors within Premier Fitness at 1909 Airline Drive, Metairie. The new addition began operations on November 3, bringing a fresh wave of private-sector leasing activity to the bustling Airline Drive commercial corridor in Jefferson Parish. Located inside Premier Fitness, the academy offers [&hellip
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Applied Atomics picks Bywater warehouse for New Orleans HQ, training center and light-fab campus at 3333 Chartres St.

November 5, 2026 • News • 651

Applied Atomics, an advanced nuclear startup founded by former SpaceX engineers, is setting up its U.S. headquarters at 3333 Chartres St. in the Bywater neighborhood of New Orleans. The company is transforming an 18,500-square-foot warehouse into a headquarters, light fabrication shop, and a Plexiplant training/demonstration system, marking an $8.2 million investment while creating dozens of [&hellip
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$75M Aquatics Center Advances at Hope Haven Campus in Marrero, a Year After Jefferson Parish’s $3.8M Archdiocese Purchase

November 4, 2026 • News • 818

Plans are moving forward for a $75 million, roughly 73,000-square-foot aquatics center on the Hope Haven campus in Marrero, the largest component yet in Jefferson Parish’s redevelopment of a historic property it acquired from the Archdiocese of New Orleans. The parish purchased the western portion of the campus for $3.8 million in 2025, clearing the [&hellip
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