Canal Street Beat | New Orleans Real Estate News

McCarthy Group Unveils MGR Property Management in New Orleans

July 22, 2026 • News • 284

McCarthy Group Realtors, a notable New Orleans brokerage, has launched a new division, MGR Property Management LLC, aimed at managing long-term residential and specific commercial rental properties. Announced between July 7 and July 8, 2026, the new entity will strengthen property management services in the Greater New Orleans area, including neighborhoods like Old Metairie, Lakeview, [&hellip
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NORA Opens Applications for New Housing Investment Program, Seeking Private Developers to Build on Vacant Lots Across New Orleans

July 21, 2026 • News • 415

The New Orleans Redevelopment Authority and its affiliate New Orleans Redevelopment Unlimited have launched the New Orleans Housing Investment Program, a new initiative designed to channel private development capital toward the city’s remaining stock of NORA-owned vacant properties and convert them into affordable housing. Applications opened on July 6 and will be accepted through August [&hellip
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New Sushi and Hibachi Operator Confirmed for Former Tsunami Space at 601 Poydras as Downtown CBD Works to Fill Long-Vacant Ground-Floor Restaurant

July 20, 2026 • News • 416

A new sushi and hibachi restaurant is set to open in the long-vacant ground-floor space previously occupied by Tsunami Sushi at 601 Poydras Street in the Central Business District, filling the soaring corner restaurant that has sat empty since the downtown location closed in June following the chain’s bankruptcy filing. Tsunami Sushi occupied the space [&hellip
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Fat City’s Decade-Long Land Assemblage Pays Off as Jefferson Parish Moves to Break Ground on Leisure Park and Parking at Hessmer and 18th

July 20, 2026 • News • 312

Jefferson Parish leaders and the Metairie Business Development District are advancing plans to transform a long-vacant lot at Hessmer Avenue and 18th Street into a multimillion-dollar leisure park, the most tangible step yet in a decade-long effort to replace blighted properties in Fat City with commercial-grade public infrastructure. Over the past ten years, the business [&hellip
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Magazine Street Attracts National Retailers in New Orleans Debut

July 18, 2026 • News • 336

Magazine Street in New Orleans is drawing attention as several national and emerging retailers, including Reformation, Le Labo, Tecovas, and Hill House Home, have chosen the popular corridor for their first local storefronts. This development reflects growing confidence among private-sector investors and tenants in one of the city’s key mixed-use areas. The influx of renowned [&hellip
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Louisiana’s Act 64 Grants Lease Termination to Stalking Victims

July 18, 2026 • News • 221

A significant legislative change in Louisiana now allows victims of stalking and cyberstalking to terminate their residential leases early without penalty. This development comes as Act 64 (HB297), which was passed during the 2026 legislative session, is set to take effect on August 1, 2026. The new law creates immediate implications for landlords and property [&hellip
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Royal Sonesta’s Restaurant R’evolution Names Executive Chef and General Manager

July 17, 2026 • News • 305

The Royal Sonesta New Orleans has appointed Samuel Peery as the new executive chef and Jeremy Gulledge as general manager at Restaurant R’evolution, announced on July 16. This leadership refresh is seen as a strategic move to enhance the operational excellence and culinary offerings of one of the French Quarter’s most prominent hotel-based restaurants. Samuel [&hellip
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Perrier Esquerré Completes New Headquarters on Jefferson Highway

July 17, 2026 • News • 297

Perrier Esquerré Contractors, an expanding design-build firm based in New Orleans, has finalized its 11,400-square-foot headquarters and fabrication shop at 4900 Jefferson Highway in Jefferson Parish. This development marks a significant local expansion for the private sector firm. The newly completed facility comprises a 5,400-square-foot office and a 6,000-square-foot fabrication area. The project involved adaptive [&hellip
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New Orleans Law Firm MBLB Expands Downtown Footprint at Hancock Whitney Center

July 16, 2026 • News • 295

Mouledoux, Bland, Legrand & Brackett (MBLB) has expanded its office space in New Orleans’ Central Business District by taking over the fifth floor of the Hancock Whitney Center. Previously occupying only the sixth floor, the firm now spans two floors in this prominent downtown building. This expansion, confirmed on July 9, 2026, follows a ribbon-cutting [&hellip
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1630 Canal St. Listed for $11.95M as Redevelopment Opportunity

July 16, 2026 • News • 276

A large, vacant six-story building at 1630 Canal St. in New Orleans has been listed for $11.95 million as of July 14, 2026. The property, historically tied to the old Governor House Motor Hotel, is described as a 108,000-square-foot space suitable for redevelopment into a 100+ key hotel or multifamily project. It presents significant investment [&hellip
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