Canal Street Beat | New Orleans Real Estate News

Terrytown Cafe to Close After 41 Years Following Building Sale

July 10, 2026 • News • 29

Terrytown Cafe, a longtime fixture on the West Bank in Jefferson Parish, will shutter its doors after 41 years. The closure comes as a result of the building’s sale, with the new owner choosing not to renew the cafe’s lease. This change underscores the impact of private property actions on local small businesses. The announcement [&hellip
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New Orleans Apartment Rents See Significant Uptick in June 2026

July 9, 2026 • News • 121

The New Orleans metropolitan area experienced its most significant one-month increase in apartment rents in more than two years during June 2026, according to a report by CoStar Analytics released on July 8. The data indicates a stronger pricing environment for landlords, driven by limited new supply and increased demand, particularly at the higher end [&hellip
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Warbler Hotel Targets Late Fall Opening at 1923 St. Charles, Bringing 58-Room Boutique Property and Cure-Backed Bar to Uptown Corridor

July 9, 2026 • News • 173

A six-story boutique hotel is taking shape on St. Charles Avenue at the corner of St. Andrew Street, where New Orleans-based developer Joe Mann’s firm, Verdad Real Estate, is converting the long-vacant site of the old Trolley Stop Café into a 58-room property called the Warbler. The hotel, slated to open in late fall 2026, [&hellip
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Gris‑Gris on Magazine Street to Close at End of July

July 8, 2026 • News • 187

Chef-owners Eric and Robyn Cook have announced that Gris‑Gris, their restaurant on Magazine Street in New Orleans’ Lower Garden District, will shut its doors permanently at the end of July 2026. The closure was publicized on July 6, marking the end of a seven-year run for the popular eatery situated at the historic corner of [&hellip
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Demolition Begins at Long-Blighted Lindy Boggs Medical Center, Clearing Way for $100M Mid-City Mixed-Use Project

July 8, 2026 • News • 205

Workers have started demolishing the former Lindy Boggs Medical Center in Mid-City, nearly two decades after the hospital flooded during Hurricane Katrina and never reopened. The first phase of work — removing steel coverings from the 13-acre building at 301 N. Norman C. Francis Parkway — got underway on July 7, the same day the [&hellip
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Demolition Begins at Clearview Mall as $100M Redevelopment Advances

July 7, 2026 • News • 230

Demolition crews have commenced work at Clearview Mall in Metairie, as the major $100 million Clearview City Center redevelopment project gains momentum. This initiative, led by Richards Clearview LLC, marks a significant step in transforming a key retail area within the New Orleans metro’s West Bank. The interior of the longstanding Clearview Mall is being [&hellip
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AJ Capital Replaces Common House With New Operator at 420 Julia, Ending Brand’s Last Remaining Outpost

July 7, 2026 • News • 272

The members-only social club at 420 Julia Street in the Warehouse District has a new operator and a new name. Effective June 30, Nashville-based developer AJ Capital Partners brought in Schulte Hospitality Group to manage the club, which has been rebranded as 420 Julia — a reference to its address — ending the Common House [&hellip
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RiseImpact Capital Buys 178-Year-Old Lower Garden District Church for $3M Office Conversion

July 6, 2026 • News • 273

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 • 502

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 • 864

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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