Canal Street Beat | New Orleans Real Estate News

Elmwood Kmart site to become “The Francis”: developer closes construction loan for 251‑unit, mixed‑use redevelopment

May 25, 2026 • News • 641

Lauricella Land Company, alongside partners, has secured construction financing for The Francis, a major development at the former Kmart site in Elmwood Center, Jefferson Parish. This redevelopment will introduce a five-story, 251-unit apartment building alongside a 70,000-square-foot retail expansion. It marks a significant mixed-use investment in the area. The development team confirmed they closed the [&hellip
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SpaceX Files IPO Prospectus; Eyes South Louisiana Land

May 24, 2026 • News • 1284

SpaceX has filed a prospectus with the Securities and Exchange Commission, marking a significant step toward an initial public offering potentially valued at up to $80 billion. This filing, reported on May 21, 2026, by Biz New Orleans, hints at expansive corporate developments, including possible interest in acquiring land in south Louisiana. The report mentions [&hellip
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Jefferson Parish Inspector General Reports $10.3M Misuse for Brewpub

May 23, 2026 • News • 532

The Jefferson Parish Inspector General has raised concerns over $10.3 million in parish funds used by Jefferson Facilities, Inc. (JFI) to construct a brewery and restaurant in Gretna for Port Orleans Brewing. This disclosure has sparked questions about JFI’s tax-exempt status and suitability as a nonprofit. On May 20, 2026, the Inspector General’s report flagged [&hellip
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St. Bernard Chamber Opens New Office Inside Nunez Community College

May 22, 2026 • News • 469

The St. Bernard Chamber of Commerce has opened a new office at Nunez Community College in the Student Testing and Career Counseling Center, located at 3700 Paris Road in Chalmette. This move ties the Chamber’s business services with workforce and student engagement efforts in St. Bernard Parish. Biz New Orleans confirmed on May 19, 2026, [&hellip
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Hut 8 Commits $16M for Water Upgrades to Support AI Campus Development

May 21, 2026 • News • 520

Hut 8 Corp. has announced a significant investment in West Feliciana Parish, committing roughly $16 million to enhance the water infrastructure needed for its River Bend AI data-center campus. This development highlights a crucial private-sector contribution to local utilities, with water improvements slated for completion and transfer to the parish in the latter half of [&hellip
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Tulane University Pauses Involvement in Ted’s Frostop Redevelopment

May 20, 2026 • News • 505

Tulane University announced on May 18, 2026, that it would pause its involvement in a redevelopment plan by RCR Claiborne Venture in Uptown New Orleans, which involves the relocation and redevelopment of the 71-year-old Ted’s Frostop site at 3100 Calhoun St. The project proposed by RCR Claiborne incorporated 39 units intended for approximately 160 students, [&hellip
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Kimpton Hotel Fontenot Celebrates Five-Year Anniversary After Expansion

May 19, 2026 • News • 410

Kimpton Hotel Fontenot in New Orleans’ Central Business District is celebrating its five-year anniversary, following a significant expansion in 2023. The boutique hotel, which opened on May 11, 2021, now features 235 rooms and boasts over 12,000 square feet of flexible event space. The hotel’s development marks a substantial post-pandemic recovery milestone for New Orleans [&hellip
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Lakeside Shopping Center Launches J.C. Penney Wing Refresh as Foot Locker Expands

May 19, 2026 • News • 583

Lakeside Shopping Center in Metairie is undergoing a significant upgrade with the expansion of Foot Locker to a 9,332-square-foot store. This transformation, confirmed on May 18, 2026, also includes relocations and renovations by Zumiez and Locker Room by Lids, marking a major modernization of the J.C. Penney wing led by The Feil Organization. The expansion [&hellip
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LSU LCMC Health Cancer Center Expands Clinical Trials Office With New Leadership Appointments

May 18, 2026 • News • 574

The LSU LCMC Health Cancer Center in New Orleans has announced an expansion of its Cancer Clinical Trials Office, adding two senior leaders to enhance its research capabilities. Dr. Patrick Ma has been named Associate Director of Clinical Research and Dr. Yazmin Odia has been appointed as Medical Director. This move marks a significant development [&hellip
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Emergency Dental of America to Open First New Orleans Clinic at 1319 Amelia St.

May 18, 2026 • News • 430

Emergency Dental of America is set to open its first clinic in New Orleans at 1319 Amelia St. This marks the company’s 23rd location nationwide. The announcement, confirmed by Biz New Orleans on May 15, 2026, adds a new player to the city’s healthcare landscape. The clinic is geared towards urgent dental care, offering both [&hellip
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