Canal Street Beat | New Orleans Real Estate News

Walmart and Wing Expand Drone Delivery to New Orleans

June 12, 2026 • News • 129

Walmart and Wing have announced that New Orleans is among the seven new metro areas selected for their latest drone-delivery expansion. This development comes as the companies opened a waitlist for customers in the area, signaling a forthcoming shift in how local last-mile deliveries are conducted. The joint initiative between the retail giant Walmart and [&hellip
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Good Shepherd School Breaks Ground on Upper Ninth Ward Campus

June 12, 2026 • News • 125

Good Shepherd School has initiated construction for its second campus at 3601 Desire Parkway in the Upper Ninth Ward, in collaboration with The Giving Hope Foundation. The school aims to welcome its initial kindergarten class by August 2026, adding a grade each subsequent year. This development marks a significant expansion for the private nonprofit school, [&hellip
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New Orleans Leads U.S. in Weekly Hotel Occupancy Growth

June 11, 2026 • News • 165

New Orleans achieved the highest weekly hotel occupancy increase among major U.S. markets, marking a 10.9% year-over-year rise to 56.1% for the week ending May 30, according to CoStar’s STR report. This jump represents the only double-digit occupancy boost in the Top-25 U.S. markets, attributed partly to the Sail 250 event, which drew approximately 125,000 [&hellip
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Freedom Intermodal Opens $2.5M Packaging Hub in New Orleans East

June 11, 2026 • News • 145

Freedom Intermodal Tank Services has launched a $2.5 million automated bulk-liquid packaging, transloading, and storage facility in New Orleans East. This private industrial expansion is set to enhance local port logistics and demonstrates an ongoing interest in industrial assets connected to the Port of New Orleans. The facility marks a significant development in New Orleans [&hellip
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Garden District Greek-Revival at 2423 Prytania St. Returns to Market at $8.5M After 56 Years

June 10, 2026 • News • 189

The landmark 1850s Greek-Revival mansion located at 2423 Prytania Street in the Garden District is re-emerging on the New Orleans luxury real estate scene. This historically significant property, owned by philanthropist Sarah Dunbar, is being presented as a “coming soon” listing with an asking price of $8.5 million. The listing agent, Eleanor Farnsworth of Latter [&hellip
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SRSA, with Faris Lee, Closes $4.55M Sale of AutoZone in Metairie

June 9, 2026 • News • 358

SRSA Real Estate, along with Faris Lee Investments, has completed the sale of a single-tenant AutoZone at 4630 Veterans Memorial Blvd. in Metairie for $4.55 million. This transaction highlights the ongoing demand for stable, single-tenant retail properties in the New Orleans metro area. The deal was finalized and announced on June 8, 2026. The property, [&hellip
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Industrial Growth Spurs New Orleans Office Demand, CoStar Reports

June 9, 2026 • News • 239

CoStar Analytics has identified a shift in office leasing demand within the New Orleans metro area, driven by significant industrial expansions led by companies such as Bunge and UBE. This analysis, released on June 8, 2026, points to a growing connection between industrial growth and increased office leasing activity, particularly in areas like the Central [&hellip
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Tallest Building in New Orleans: Hancock Whitney Center

June 8, 2026 • News • 195

Hancock Whitney Center, the 51-story office tower at 701 Poydras Street in New Orleans’ Central Business District, remains the tallest building in New Orleans and the tallest building in Louisiana. The tower rises 697 feet and has been a defining part of the city’s skyline since it opened in 1972. Originally known as One Shell [&hellip
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Bayou Phoenix Developers Push for City Bond Allocation as $500M Plan for Former Six Flags Site Advances

June 7, 2026 • News • 285

Bayou Phoenix, the private developer leading the transformation of the former Six Flags site in New Orleans East, is making strides in securing a portion of the city’s infrastructure bond. The developer disclosed ongoing efforts to secure financing, aiming for at least $5 million from the $510 million bond approved by voters last November. On [&hellip
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Isidore Newman School Secures $11.8M Permit for Jefferson Building Restoration in Uptown

June 7, 2026 • News • 221

Isidore Newman School has received an $11.81 million permit for the restoration and renovation of its historic Jefferson Building, located at 1903 Jefferson Ave., Uptown New Orleans. The project, which also includes work on the adjacent Saratoga Building, marks a significant investment in the area’s architectural heritage. The permit was highlighted in New Orleans CityBusiness’ [&hellip
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