Canal Street Beat | New Orleans Real Estate News

MSY Closes Runway 2/20 for $27.1M FAA-Funded Rehabilitation; North-South Runway Offline for Eight Months

March 5, 2026 • News • 809

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 • 623

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 • 677

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 • 966

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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New Orleans RTA Secures $27.2M Federal Grant for Bus Upgrades and Facility Rehabilitation

February 27, 2026 • News • 698

The New Orleans Regional Transit Authority has been awarded a $27.2 million grant from the Federal Transit Administration to replace aging buses and renovate two maintenance facilities in Orleans Parish. Announced on February 25, 2026, this funding is seen as a significant boost for the RTA’s efforts to improve service reliability and reduce maintenance costs [&hellip
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New Orleans Hotel Revenue Swings During Mardi Gras Week

February 26, 2026 • News • 769

New Orleans hotels experienced significant revenue fluctuations during the week of February 8–14, 2026, as reported by STR/CoStar. Despite a remarkable RevPAR spike of 93.3% on Saturday, weekly RevPAR fell by 20.3% due to weak performance earlier in the week. The data reveal substantial weekend strength thanks to Mardi Gras and Valentine’s Day, but the [&hellip
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Four Seasons New Orleans Releases 25 Reserve Homes, Nets Nearly $5M in Sales

February 25, 2026 • News • 1570

The Four Seasons Private Residences in New Orleans has released 25 ‘Reserve’ homes at their riverfront location, generating nearly $5 million in early sales as of February 23, 2026. This successful sales event underlines the ongoing demand for luxury condos in downtown New Orleans. The newly released collection at 2 Canal Street attracted significant interest, [&hellip
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Louisiana Picks St. Bernard as Industrial Proving Ground for Persona AI Humanoid-Robotics Pilot

February 24, 2026 • News • 907

St. Bernard Parish in the New Orleans metro area will play a key role in a new state-backed humanoid-robotics pilot. The program, initiated through a Memorandum of Understanding between the State of Louisiana and Persona AI, marks an innovative step in industrial operations at SSE Steel Fabrication’s facility. The pilot, reported in Biz New Orleans [&hellip
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Baker Donelson to Relocate New Orleans Office to One Canal Place

February 24, 2026 • News • 1049

Baker Donelson has signed a long-term lease to relocate its New Orleans office to One Canal Place, occupying approximately 40,000 square feet. This move is set to boost the tower’s occupancy to about 75%, bringing significant changes to the office fundamentals of the downtown area. The national AmLaw firm’s lease, confirmed on February 23, 2026, [&hellip
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Downtown Visitation Rebounds with 2.2 Million Carnival Visitors

February 22, 2026 • News • 779

Downtown New Orleans experienced a significant uptick in visitation during the two-week Carnival period, with 2.2 million visits marking the highest downtown turnout since 2020. This represents a 10% increase over the previous year, highlighting a positive trend for the area’s hotel, retail, and hospitality sectors. The data, provided by the Downtown Development District (DDD) [&hellip
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