Canal Street Beat | New Orleans Real Estate News

Mayor Moreno Proposes New Oversight After Major Water Main Break in Uptown New Orleans

March 12, 2026 • News • 141

A significant 48-inch water main break occurred around 2 a.m. on March 9, 2026, near South Carrollton Avenue and Panola Street in Uptown New Orleans, flooding the area and prompting a citywide boil-water advisory. The Sewerage & Water Board (S&WB) managed to isolate the break as repairs began, while Mayor Helena Moreno called for enhanced [&hellip
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LaDOTD Advances Phase 1 of St. Bernard Transportation Corridor

March 11, 2026 • News • 167

The Louisiana Department of Transportation and Development (LaDOTD) announced that Phase 1 of the St. Bernard Transportation Corridor is moving forward. This phase includes an environmental review, corridor planning, and route selection. These steps are supported by cooperative partnerships with the Port of New Orleans and St. Bernard Parish, backed by an additional $10 million [&hellip
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Local Construction Sector Sees Broad Revenue Gains in 2025

March 10, 2026 • News • 201

New Orleans-area construction companies reported significant revenue gains for 2025 as outlined in CityBusiness’s March 9 Top Private Companies roundup. This indicates growing momentum in the sector, with implications for project pipelines, labor demand, and commercial real estate activity across the metro area. CityBusiness published firm-level 2025 revenue results for 18 private construction companies on [&hellip
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Venture Funds Propel Bioscience Growth in New Orleans

March 9, 2026 • News • 239

Community Development Venture Capital Alliance and New Orleans BioFund have co-invested in two bioscience startups, Informuta and Beken Bio, to boost operations in New Orleans. This funding marks Beken Bio’s relocation from San Diego to the New Orleans BioInnovation Center (NOBIC), highlighting the city’s growing appeal as a bioscience hub. The co-investment, reported on March [&hellip
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LCMC Health to Invest $14M to Expand Services at Lakeside Hospital in Metairie

March 8, 2026 • News • 302

LCMC Health has committed $14 million to expand and consolidate its women’s and newborn services at Lakeside Hospital in Metairie. This investment, announced within the last week, signals a major consolidation of services from East Jefferson General Hospital to Lakeside, with the goal to complete the transition by 2027. The expansion will modernize and centralize [&hellip
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Universal Parking Secures Canal Place Garage Contract with New Tech

March 7, 2026 • News • 317

Universal Parking has been awarded the management contract for the Canal Place parking garage in downtown New Orleans, as reported on March 4, 2026. This development signifies the introduction of Universal Parking’s ParkWithU ticketless parking platform at one of the city’s prominent mixed-use properties. The ParkWithU system will provide a significant technological upgrade to the [&hellip
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MSY Closes Runway 2/20 for $27.1M FAA-Funded Rehabilitation; North-South Runway Offline for Eight Months

March 5, 2026 • News • 260

Louis Armstrong New Orleans International Airport has begun a significant $27.1 million project to rehabilitate its north–south Runway 2/20. Initiated on March 2, 2026, the effort will render the runway unusable for approximately eight months, with a targeted completion date in December 2026. This project, primarily funded through the FAA Airport Improvement Program, involves full-depth [&hellip
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Fair Grounds Race Course & Slots Enhances Mid-City Venue with Significant Upgrades

March 4, 2026 • News • 225

Fair Grounds Race Course & Slots in Mid-City New Orleans has completed a series of notable renovations as it gears up for the spring racing season. Now operated under the Churchill Downs banner, the 150-acre facility has upgraded its amenities, including a new paddock surface and drainage system, refreshed Clubhouse seating and flooring, an upgraded [&hellip
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CoStar Names New Orleans Market ‘Power Brokers’

March 2, 2026 • News • 295

CoStar Research released its annual Power Broker list for the New Orleans metro on February 27, 2026. This prestigious recognition spotlights the firms and brokers achieving the highest transaction volumes in sales and leases over the prior measurement period. The list serves as an important tool for market participants in the New Orleans, Metairie, and [&hellip
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Manning Family Children’s Plans Major NICU Expansion in New Orleans

March 1, 2026 • News • 442

Manning Family Children’s will significantly enhance its neonatal care services by constructing a new 60-bed Level 4 NICU at its main campus in New Orleans. The expansion will increase the hospital’s capacity from 35 beds, with construction expected to break ground this spring and the facility to be operational in 2027. The details of the [&hellip
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